Galesburg Community Foundation

Organization Overview

Galesburg Community Foundation is located in Galesburg, IL. The organization was established in 1984. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Galesburg Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galesburg Community 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, Galesburg Community Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GALESBURG COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY AND HEALTH OF OUR COMMUNITIES. WE BELIEVE THAT CONNECTING PEOPLE TO THE CAUSES THEY CARE ABOUT IS A KEY INGREDIENT TO EFFECTIVE PHILANTHROPY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE COMPETITIVE GRANT MAKING TO NONPROFITS WHOSE PROGRAMS ENGAGE AND BETTER THE COMMUNITY THEY SERVE.


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Board, Officers & Key Employees

Name (title)Compensation
Joshua Gibb
Chief Executive Officer
$154,014
Shawn Hedden
Director Of Finance & Operati
$74,024
Dr John Mcclean
Chairman
$0
Dr Subbia Jagannathan
Secretary
$0
David Erickson
Vice Chairman
$0
Lisa Gavin
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$100,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,767,194
Noncash contributions included in lines 1a–1f $315,000
Total Revenue from Contributions, Gifts, Grants & Similar$3,867,194
Total Program Service Revenue$132,430
Investment income $744,777
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $640,479
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $236,345
Miscellaneous Revenue$0
Total Revenue $5,623,656

Grants Awarded

Over the last fiscal year, Galesburg Community Foundation has awarded $894,624 in support to 34 organizations.

Grant RecipientAmount

CARL SANDBURG COLLEGE

PURPOSE: EDUCATION

$289,101

Chicago, IL

PURPOSE: NONPROFIT PROGRAMMING

$120,000

WILLIAMSFIELD PARKS ASSOCIATION

Org PageRecipient Profile

Williamsfield, IL

PURPOSE: ARTS

$91,912

Galesburg, IL

PURPOSE: CONSTRUCTION OF PARK

$36,451

Galesburg, IL

PURPOSE: INDIVIDUAL IMPROVEMENT & DEVELPOMENT

$30,480

Monmouth, IL

PURPOSE: EQUINE THERAPY

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Galesburg Community Foundation has recieved totaling $62,055.

Awarding OrganizationAmount
Twomey Foundation

Roseville, IL

PURPOSE: CHARITABLE

$35,000
Carl Larsen & Pansy I Larsen Memorial Tr No 1885c

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$14,193
Jane B Frankenburger Char Rem Tr

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$12,850
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$12
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,460,218
Earnings$3,458,330
Net Contributions$3,114,071
Grants$2,387,115
Ending Balance$33,645,504

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