Geomar Foundation Inc
- Assets
- $2.1m
- Revenue
- $93.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 35-0677888
Organization Overview
Geomar Foundation Inc is located in Berkeley, CA. The organization was established in 1985. 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. Geomar 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 12/2023, Geomar Foundation Inc generated $93.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $356.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Geomar Foundation Inc has awarded 153 individual grants totaling $1,550,782. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS TO REGISTERED 501C3 ORGANIZATIONS OPERATING IN THE US AND INTERNATIONALLY FOCUSED ON DIVERSE ACTIVITIES INCLUDING: EDUCATION SOCIAL WELFARE REFUGEES HEALTH ANIMAL WELFARE THE ARTS ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Scharffenberger Jr President | 2.5 | $0 | |
Ann Scharffenberger Secretary | 2.5 | $0 | |
Joan Scharffenberger Treasurer | 2.5 | $0 | |
John Scharffenberger Board Member | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,704 |
| Capital Gain Net Income | $10,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375 |
| Total Revenue | $93,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,606 |
| Total operating and administrative expenses | $17,326 |
| Contributions, gifts, grants paid | $339,000 |
| Total expenses and disbursements | $356,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132 |
| 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 | $2,068,642 |
| 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, Geomar Foundation Inc has awarded $339,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL SUPPORT | $20,000 |
JUST WORLD INTERNATIONAL PURPOSE: GENERAL SUPPORT | $50,000 |
REGENTS OF THE UNIVERSITY OF CA PURPOSE: GENERAL SUPPORT | $20,000 |
PENINSULA COMMITTEE CHILDREN'S HOSP PURPOSE: GENERAL SUPPORT | $20,000 |
SOUTH COAST BOTANIC GARDEN FND PURPOSE: GENERAL SUPPORT | $12,500 |
WORLD FOOD PROGRAM USA PURPOSE: GENERAL SUPPORT | $15,000 |