The Pmg Foundation
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $9.7m
- Employees
- 0
- Location
- Sparta, WI
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 39-1568547
Organization Overview
The Pmg Foundation is located in Sparta, WI. The organization was established in 1987. 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. Pmg 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 06/2021, Pmg Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $502.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pmg Foundation has awarded 39 individual grants totaling $1,453,800. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip M Gelatt Jr Director | 0.25 | $0 | |
Melissa K Gelatt Director/vice President | 0.25 | $0 | |
Rita A Forbes Director/secretary | 0.25 | $0 | |
Virginia W Brooks Director | 0.25 | $0 | |
Clara E Gelatt Director | 0.25 | $0 | |
Jonathan S Gelatt Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $208,983 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,084,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $51,815 |
| Contributions, gifts, grants paid | $451,000 |
| Total expenses and disbursements | $502,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Pmg Foundation has awarded $451,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
La Crosse, WI PURPOSE: GENERAL | $75,000 |
Rochester, MN PURPOSE: GENERAL | $75,000 |
La Crosse, WI PURPOSE: COMMUNITY DENTAL CLINIC | $50,000 |
Sparta, WI PURPOSE: GENERAL | $50,000 |
LA CROSSE AREA FAMILY YMCA PURPOSE: GENERAL | $50,000 |
LA CROSSE NEIGHBORHOODS INC PURPOSE: VETERANS MEMORIAL POOL CAMPAIGN | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |