Gilligan Foundation
- Assets
- $3.5m
- Revenue
- $409.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- 04/1986
- Data as of
- 11/2023
- EIN
- 36-3418218
Organization Overview
Gilligan Foundation is located in Mendota Heights, MN. The organization was established in 1986. 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. Gilligan 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 11/2023, Gilligan Foundation generated $409.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $450.1k during the year ending 11/2023. While expenses have increased by 8.5% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GILLIGAN FOUNDATION ADMINISTERS A GRANT PROGRAM AND IS NOT INVOLVED IN DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Gilligan President | 5 | $3,500 | |
Ann Gilligan Vice Preside | 3 | $3,500 | |
Michael Gilligan Secretary | 1 | $0 | |
Joseph Lee-Gilligan Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,750 |
| Dividends & Interest | $110,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $290,841 |
| Capital Gain Net Income | $290,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $409,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $47,130 |
| Contributions, gifts, grants paid | $403,000 |
| Total expenses and disbursements | $450,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,210 |
| 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 | $3,491,290 |
| 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 |