Geisler Penquite Corporation
- Assets
- $7.6m
- Revenue
- $1.1m
- Investments
- $7.4m
- Employees
- 0
- Location
- Newton, IA
- Founding
- 07/1971
- Data as of
- 12/2021
- EIN
- 23-7103845
Organization Overview
Geisler Penquite Corporation is located in Newton, IA. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geisler Penquite Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Geisler Penquite Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $684.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Geisler Penquite Corporation has awarded 102 individual grants totaling $3,565,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Skokan President/treasurer | 1 | $0 | |
Sheri Roslien Secretary | 1 | $0 | |
Eric Sickler Vice Chair | 1 | $0 | |
Eugene Knoph Director | 1 | $0 | |
Noreen Otto Director | 1 | $0 | |
John Roslien Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,395 |
| Dividends & Interest | $159,996 |
| Net Rental Income | $101,729 |
| Net Gain on Sale of Assets | $746,649 |
| Capital Gain Net Income | $746,649 |
| Net ST Capital Gain | $9,352 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,669 |
| Total Revenue | $1,066,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,896 |
| Total operating and administrative expenses | $84,388 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $684,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,143 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,226,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,617,438 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Geisler Penquite Corporation has awarded $600,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Pella, IA PURPOSE: ENDOWMENT FUND | $360,000 |
GREATER DES MOINES HABITAT FOR HUMANITY PURPOSE: ENDOWMENT FUND | $15,000 |
NEWTON DOLLARS FOR SCHOLARS PURPOSE: ENDOWMENT FUND | $15,000 |
NEWTON YMCA PURPOSE: ENDOWMENT FUND | $15,000 |
ISU EXTENSION AND OUTREACH PURPOSE: ENDOWMENT FUND | $15,000 |
Newton, IA PURPOSE: ENDOWMENT FUND | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |