Gering Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $553.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 39-1874006
Organization Overview
Gering Family Foundation Inc is located in Wausau, WI. The organization was established in 1997. 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. Gering Family Foundation Inc 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 12/2023, Gering Family Foundation Inc generated $553.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $657.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gering Family Foundation Inc has awarded 28 individual grants totaling $301,815. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,410 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,385 |
| Capital Gain Net Income | $1,385 |
| Net ST Capital Gain | $7,542 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187,813 |
| Total Revenue | $553,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $288,913 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,529 |
| Depreciation | $87,585 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234,872 |
| Total operating and administrative expenses | $644,729 |
| Contributions, gifts, grants paid | $12,750 |
| Total expenses and disbursements | $657,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,830 |
| Savings and temporary cash investments | $2,031,389 |
| 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 | $900,233 |
| Other assets | $0 |
| Total assets | $2,994,452 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,893 |
| Total liabilities | $7,893 |
Grants Awarded
Over the last fiscal year, Gering Family Foundation Inc has awarded $12,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WAUSAU NORDIC SKI CLUB PURPOSE: GENERAL SUPPORT | $5,250 |
ASPIRUS HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
NEIGHBORS PLACE PURPOSE: GENERAL SUPPORT | $2,500 |