Gornick Fund
- Assets
- $0.0
- Revenue
- $52.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Gaylord, MI
- Founding
- 01/1957
- Data as of
- 06/2019
- EIN
- 38-6063404
Organization Overview
Gornick Fund is located in Gaylord, MI. The organization was established in 1957. 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. Gornick Fund 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 06/2019, Gornick Fund generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 71.7% each year . All expenses for the organization totaled $98.3k during the year ending 06/2019. While expenses have increased by 13.1% per year over the past 2 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.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95 |
| Dividends & Interest | $41,557 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,500 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $5,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $30,555 |
| Contributions, gifts, grants paid | $67,700 |
| Total expenses and disbursements | $98,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,271,711 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Peer Organizations
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|---|---|---|
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Marge & Charles J Schott Foundation Cincinnati, OH | $96,968,868 | $11,169,832 |