Gilmore Foundation
- Assets
- $62.8m
- Revenue
- $3.6m
- Investments
- $60.8m
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-1400179
Organization Overview
Gilmore Foundation is located in Peoria, IL. The organization was established in 2010. 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. Gilmore Foundation 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 12/2022, Gilmore Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gilmore Foundation has awarded 225 individual grants totaling $8,922,464. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF GILMORE FOUNDATION'S CORE INITIATIVES IS JOB CREATION IN CENTRAL ILLINOIS. THE GILMORE FOUNDATION IS WORKING IN COLLABORATION WITH BOTH LOCAL COMPANIES AND LOCAL CIVIC ORGANIZATIONS TO UNDERWRITE A TALENT ATTRACTION STRATEGY. THE GREATER PEORIA LEADERSHIP COUNCIL WAS FORMED BY GILMORE FOUNDATION TO PROVIDE THOUGHT LEADERSHIP AND ACCOUNTABILITY TO THIS INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Oberhelman President & Director | 0.5 | $0 | |
Lawrence Williams IV Treasurer & Director | 0.5 | $0 | |
Nathan R Miller Secretary & Director | 0.5 | $0 | |
Sid Banwart Director | 0.5 | $0 | |
Sara Rusch Vice President & Director | 0.5 | $0 | |
Katie Mccord Jenkins Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,872,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $996,303 |
| Capital Gain Net Income | $996,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $417 |
| Total Revenue | $3,569,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $193,702 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $453,191 |
| Total operating and administrative expenses | $793,046 |
| Contributions, gifts, grants paid | $3,200,564 |
| Total expenses and disbursements | $3,993,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,965,435 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $62,784,302 |
| 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, Gilmore Foundation has awarded $3,200,564 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
OSF HEALTHCARE FOUNDATION PURPOSE: CHARITABLE MEDICAL SUPPORT | $650,000 |
ILLINOIS CENTRAL COLLEGE EDUCATIONAL FOUNDATION PURPOSE: SCHOLARSHIP | $160,000 |
PEORIA PLAYHOUSE CHILDREN'S MUSEUM PURPOSE: LOCAL COMMUNITY CHARITABLE SUPPORT | $300,000 |
PEORIA RESCUE MINISTRIES PURPOSE: LOCAL COMMUNITY CHARITABLE SUPPORT | $125,000 |
EASTER SEALS PURPOSE: TELETHON | $50,000 |
PEORIA SYMPHONY ORCHESTRA PURPOSE: MUSICAL PROGRAM SUPPORT | $125,000 |