Rollin M Gerstacker Foundation
- Assets
- $0.0
- Revenue
- $20.3m
- Investments
- $107.5m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1958
- Data as of
- 12/2020
- EIN
- 38-6060276
Organization Overview
Rollin M Gerstacker Foundation is located in Midland, MI. The organization was established in 1958. 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. Rollin M Gerstacker 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 12/2020, Rollin M Gerstacker Foundation generated $20.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $10.5m during the year ending 12/2020. While expenses have increased by 3.9% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail E Lanphear Chairperson | 1.92 | $0 | |
William D Schuette Exec Vp/asst | 7.69 | $0 | |
William C Lauderbach Treasurer | 4.81 | $0 | |
Lisa J Gerstacker President | 7.69 | $0 | |
Thomas L Ludington Secretary | 1.15 | $0 | |
Howard I Ungerleider Trustee | 0.46 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Guardian Trust Co | 12/30/21 | $60,873 |
William Blair & Co | 12/30/21 | $275,975 |
Wells Fargo | 12/30/21 | $798,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,229,473 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,588 |
| Total Revenue | $20,334,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $31,337 |
| Occupancy | $71,230 |
| Travel, conferences, and meetings | $3,068 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,514,079 |
| Contributions, gifts, grants paid | $8,996,851 |
| Total expenses and disbursements | $10,510,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,280,901 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $225,562 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |