Gerber Foundation
- Assets
- $97.1m
- Revenue
- $3.9m
- Investments
- $97.0m
- Employees
- 0
- Location
- Fremont, MI
- Founding
- 05/1954
- Data as of
- 12/2022
- EIN
- 38-6068090
Organization Overview
Gerber Foundation is located in Fremont, MI. The organization was established in 1954. 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. Gerber 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 12/2022, Gerber Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. 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 |
|---|---|---|---|
Barbara Ivens President | 0 | $0 | |
Fernando Flores-New V. President | 0 | $0 | |
Tracy A Baker Secretary | 0 | $0 | |
Stan M Vanderroest Treasurer | 0 | $0 | |
Steven Poole Director | 0 | $0 | |
William Bush MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,766 |
| Dividends & Interest | $100,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,680,166 |
| Capital Gain Net Income | $3,680,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,308 |
| Total Revenue | $3,915,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $152,745 |
| Pension plans, employee benefits | $32,753 |
| Interest | $0 |
| Taxes | $45,228 |
| Depreciation | $0 |
| Occupancy | $15,494 |
| Travel, conferences, and meetings | $8,053 |
| Printing and publications | $673 |
| Other expenses | $806,705 |
| Total operating and administrative expenses | $1,117,602 |
| Contributions, gifts, grants paid | $4,291,656 |
| Total expenses and disbursements | $5,409,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,871 |
| 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 | $97,141,944 |
| Accounts payable and accrued expenses | $8,928 |
| 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 | $8,928 |