Gesu Endowment Fund
- Assets
- $9.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- University Heights, OH
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 34-1418765
Organization Overview
Gesu Endowment Fund is located in University Heights, OH. The organization was established in 1984. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gesu Endowment Fund 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 06/2022, Gesu Endowment Fund generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $396.1k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND PROVIDES AMOUNTS TO FINANCE CAPITAL AND OTHER EXPENDITURES NECESSARY FOR THE OPERATION OF THE PARISH AND GESU SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
GESU PARISH AND SCHOOL CAPITAL EXPENDITURES
IMPROVE PARISH COMMITMENT TO CHURCH MEMBERS
GESU CHURCH AND SCHOOL REPAIRS, CAPITAL IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Beck Vice Preside | OfficerTrustee | 2 | $0 |
Shane Bigelow President | OfficerTrustee | 2 | $0 |
Ann Hawkins Secretary | OfficerTrustee | 2 | $0 |
Michael Santelli Treasurer | OfficerTrustee | 2 | $0 |
Dan Hanna Chair Pastor | Trustee | 2 | $0 |
John Conry Director | Trustee | 2 | $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 | $549,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,240 |
| Total Program Service Revenue | $0 |
| Investment income | $225,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $410,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,185,870 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,201 |
| Fees for services: Other | $317,961 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $396,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,156 |
| 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 | $0 |
| Investments—publicly traded securities | $9,800,003 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,828,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $9,828,159 |
| Total liabilities and net assets/fund balances | $9,828,159 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gesu Endowment Fund has recieved totaling $16,341.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $16,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Aloysius J & Eugene F Franz Foundation For The Congregation Of Philadelphia, PA | $37,003,968 | $4,802,225 |
The Jewish Vocational Service Foundation Inc Cincinnati, OH | $10,732,205 | $3,438,793 |
Ec Edwards Trust Fbo Leipsic Methodist 20 102110469460 Brooklyn, OH | $5,821,661 | $643,396 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |
John H Williams Uia Fbo Churches Grand Rapids, MI | $0 | $223,371 |