G2 Foundation
- Assets
- $2.5m
- Revenue
- $123.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- Deerwood, MN
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-4187776
Organization Overview
G2 Foundation is located in Deerwood, MN. The organization was established in 2011. 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. G2 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 12/2023, G2 Foundation generated $123.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $139.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, G2 Foundation has awarded 126 individual grants totaling $838,750. 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 |
|---|---|---|---|
Nancy Bonnema Director And President | 1 | $0 | |
Scott Bonnema Director And Treasurer | 1 | $0 | |
Kevin Bonnema Director | 1 | $0 | |
Katie Huseboe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,369 |
| Dividends & Interest | $84,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,627 |
| Capital Gain Net Income | $33,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $14,117 |
| Contributions, gifts, grants paid | $125,500 |
| Total expenses and disbursements | $139,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,410 |
| 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 | $2,547,315 |
| 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, G2 Foundation has awarded $125,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS SERVICES PURPOSE: GENERAL SUPPORT | $2,000 |
CHILDREN'S MN FOUNDATION PURPOSE: SUPPORT CHILDREN'S MINNESOTA HOSPITAL | $12,500 |
FEED MY STARVING CHILDREN PURPOSE: SUPPORT ELIMINATION OF STARVING CHILDREN THROUGH OUT THE WORLD | $10,000 |
FISHING FOR LIFE PURPOSE: PROVIDING OUTDOOR PROGRAMS TO THE COMMUNITY | $10,000 |
FREE BOOK BUGGIE PURPOSE: GENERAL SUPPORT | $2,500 |
GREAT RIVER FAITH IN ACTION PURPOSE: GENERAL SUPPORT | $7,500 |