Kevin D Gorter Memorial Foundation
- Assets
- $0.0
- Revenue
- $400.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 06/1990
- Data as of
- 12/2019
- EIN
- 36-3683638
Organization Overview
Kevin D Gorter Memorial Foundation is located in Lake Bluff, IL. The organization was established in 1990. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL
REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Gorter Treasurer/parttime | 0 | $0 | |
Audrey F Gorter Secretary/parttime | 0 | $0 | |
Mary Gorter Krey President/parttime | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $755 |
| Dividends & Interest | $15,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $383,994 |
| Capital Gain Net Income | $383,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $3,515 |
| Contributions, gifts, grants paid | $854,790 |
| Total expenses and disbursements | $858,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Kevin D Gorter Memorial Foundation has awarded $854,790 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ILLINOIS FOOD BANK PURPOSE: GENERAL/UNRESTRICTED SUPPORT | $5,000 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $849,790 |