Gw Foundation Inc
- Assets
- $106.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1985
- Data as of
- 06/2023
- EIN
- 23-7128924
Organization Overview
Gw Foundation Inc is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gw Foundation Inc 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 06/2023, Gw Foundation Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
G.W. FOUNDATION, INC. IS A NATIONAL, NON-PROFIT ORGANIZATION COMMITTED TO REDUCING SUBSTANCE ABUSE AND CO-OCCURRING MENTAL HEALTH PROBLEMS THROUGH EFFECTIVE AND EFFICIENT TREATMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
G.W. FOUNDATION, INC. HOLDS THE INVESTMENTS, INDEBTEDNESS AND PROPERTY OF ITS TAX-EXEMPT RELATED ORGANIZATIONS. THE RELATED ENTITIES ARE 501(C)(3) ORGANIZATIONS THAT PROVIDE DRUG AND ALCOHOL PREVENTION AND REHABILITATION SERVICES THROUGH RESIDENTIAL AND OUTPATIENT PROGRAMS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Klemanski President & CEO As Of 01/2023 | OfficerTrustee | 1.33 | $0 |
Tomas Del Rio CFO | OfficerTrustee | 1.33 | $0 |
Marc C Turner Community Division President | OfficerTrustee | 1.33 | $0 |
Patricia Aitken Chro | OfficerTrustee | 1.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,991,120 |
| Investment income | $1,227,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,326,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,481 |
| Pension plan accruals and contributions | $586 |
| Other employee benefits | $6,624 |
| Payroll taxes | $4,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,591 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $132,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,105,245 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,475,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $662,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,255,742 |
| Investments—publicly traded securities | $55,795,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,351,859 |
| Total assets | $106,065,400 |
| Accounts payable and accrued expenses | $94,511 |
| Grants payable | $0 |
| Deferred revenue | $1,289 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $95,800 |
| Net assets without donor restrictions | $105,969,600 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $106,065,400 |