Geneseo Foundation
- Assets
- $24.2m
- Revenue
- $2.5m
- Investments
- $23.8m
- Employees
- 0
- Location
- Geneseo, IL
- Founding
- 04/1977
- Data as of
- 03/2022
- EIN
- 36-6079604
Organization Overview
Geneseo Foundation is located in Geneseo, IL. The organization was established in 1977. 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. Geneseo 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 03/2022, Geneseo Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $1.7m during the year ending 03/2022. While expenses have increased by 41.2% 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.
Since 2021, Geneseo Foundation has awarded 157 individual grants totaling $4,202,174. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO WORTHY GRADUATES OF GENESEO HIGH SCHOOL. THERE WERE APPROXIMATELY 140 RECIPIENTS.
THE FOUNDATION AWARDS SCHOLARSHIPS TO OTHER WORTHY STUDENTS. THERE WERE APPROXIMATELY 28 RECIPIENTS.
THE FOUNDATION DONATES TO THE GENESEO COMMUNITY SCHOOL DISTRICT FOR VARIOUS NEEDS
THE FOUNDATION DONATES TO FRIENDS OF HENNEPIN CANAL FOR VARIOUS PROJECTS TO PRESERVE, PROTECT, AND ENHANCE THE PARK EXPERIENCE AT THE HENNEPIN CANAL STATE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Central Bank Illinois Foundation Manager | 8 | $89,719 | |
Brandon Sieben Foundation Manager | 1 | $0 | |
Brett Lohman Foundation Manager | 1 | $0 | |
Bruce Fehlman Foundation Manager | 1 | $0 | |
Eric Johnson Foundation Manager | 1 | $0 | |
Jeffrey Lang Foundation Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,149 |
| Interest on Savings | $1,121 |
| Dividends & Interest | $460,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,011,803 |
| Capital Gain Net Income | $2,011,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,496,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,719 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,953 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $111,162 |
| Contributions, gifts, grants paid | $1,591,944 |
| Total expenses and disbursements | $1,703,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,021 |
| 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 | $17,280 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,209,667 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $327,252 |
| 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 | $327,252 |
Grants Awarded
Over the last fiscal year, Geneseo Foundation has awarded $1,591,944 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $271,900 |
GENESEO COMMUNITY SCHOOLS PURPOSE: CHARITABLE CONTRIBUTION | $249,472 |
FRIENDS OF HENNEPIN CANAL PURPOSE: CHARITABLE CONTRIBUTION | $175,000 |
Kewanee, IL PURPOSE: CHARITABLE CONTRIBUTION | $157,500 |
Geneseo, IL PURPOSE: CHARITABLE CONTRIBUTIONS | $126,500 |
Geneseo, IL PURPOSE: CHARITABLE CONTRIBUTION | $114,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Geneseo Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Suny Impact Foundation Inc New York, NY PURPOSE: SUNY TOGETHER STUDENT EMERGENCY | $50,000 |
Suny Impact Foundation Inc New York, NY PURPOSE: SUNY TOGETHER STUDENT EMERGENCY | $50,000 |
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 |