Gilmore And Golda Reynolds Foundation
- Assets
- $17.3m
- Revenue
- $1.1m
- Investments
- $14.3m
- Employees
- 0
- Location
- Osgood, IN
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 35-6525698
Organization Overview
Gilmore And Golda Reynolds Foundation is located in Osgood, IN. The organization was established in 1991. 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 And Golda Reynolds 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 12/2021, Gilmore And Golda Reynolds Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gilmore And Golda Reynolds Foundation has awarded 52 individual grants totaling $3,033,741. 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 |
|---|---|---|---|
Steve Gloyd Exec. Direct | 40 | $122,000 | |
Douglas Thayer Treasurer | 4 | $20,000 | |
Dwight Hooton Vice-Preside | 4 | $20,000 | |
Stephen Michael Black President | 4 | $20,000 | |
Neil Comer Secretary | 4 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116 |
| Dividends & Interest | $615,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $475,091 |
| Capital Gain Net Income | $475,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,090,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $202,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,146 |
| Depreciation | $769 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,458 |
| Total operating and administrative expenses | $244,308 |
| Contributions, gifts, grants paid | $971,743 |
| Total expenses and disbursements | $1,216,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,424 |
| Savings and temporary cash investments | $168,621 |
| 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 | $4,356 |
| Other assets | $2,765,074 |
| Total assets | $17,260,153 |
| 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 And Golda Reynolds Foundation has awarded $971,743 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF OSGOOD PURPOSE: 2021 COMMUNITY CROSSING GRANT | $522,385 |
TOWN OF OSGOOD PURPOSE: 2022 COMMUNITY CROSSING GRANT | $183,057 |
OSGOOD BEAUTIFICATION & MAINSTREET PURPOSE: IMPROVEMENTS TO LIONS CLUB PARK | $108,000 |
OSGOOD BEAUTIFICATION & MAINSTREET PURPOSE: HOUSING DEVELOPMENT | $100,000 |
TOWN OF OSGOOD PURPOSE: ELECTRIC UPGRADE LIONS PARK/DOWNTOWN | $45,327 |
OSGOOD BEAUTIFICATION & MAINSTREET PURPOSE: DOWNTOWN PROJECTS | $40,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |