Fanny S Gilfillan Memorial Inc
- Assets
- $962.4k
- Revenue
- $4.1k
- Investments
- $939.5k
- Employees
- 0
- Location
- Morgan, MN
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 41-0892731
Organization Overview
Fanny S Gilfillan Memorial Inc is located in Morgan, MN. The organization was established in 1945. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fanny S Gilfillan Memorial 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 12/2022, Fanny S Gilfillan Memorial Inc generated $4.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS DIRECTORS ARE VOLUNTEERS AND ITS INCOME IS USED TO PROVIDE MEDICAL ASSISTANCE TO INDIVIDUALS WHO ARE OTHERWISE UNABLE TO PAY
INDIVIDUALS WHO DO NOT QUALIFY FOR GOVT SPONSORED MEDICAL ASSISTANCE PROGRAMS IT ALSO PROVIDES DONATIONS TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Aakre President | 1 | $0 | |
Gail Ripka Secretary | 1 | $0 | |
Lori Reyer Director | 1 | $0 | |
Arliss Becker Treasurer | 5 | $0 | |
Lydell Sik Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,925 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $186 |
| Total Revenue | $4,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,601 |
| Total operating and administrative expenses | $2,742 |
| Contributions, gifts, grants paid | $3,246 |
| Total expenses and disbursements | $5,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,354 |
| Savings and temporary cash investments | $21,529 |
| 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 | $939,477 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $962,360 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fanny S Gilfillan Memorial Inc has awarded $3,246 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ROY GAWARECKI PURPOSE: MEDICAL | $381 |
BRYANT HAAS PURPOSE: MEDICAL | $500 |
GIL MOR MANOR PURPOSE: DONATION | $500 |
JAMES JENSEN PURPOSE: MEDICAL | $748 |
VERNON MATTER PURPOSE: MEDICAL | $117 |
CARRIS HEALTH PURPOSE: DONATION | $500 |