Max And Helen Guernsey Charitable Foundation
- Assets
- $0.0
- Revenue
- $3.2m
- Investments
- $47.6m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 02/1997
- Data as of
- 06/2021
- EIN
- 42-1460664
Organization Overview
Max And Helen Guernsey Charitable Foundation is located in Waterloo, IA. 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. Max And Helen Guernsey Charitable 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, Max And Helen Guernsey Charitable Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 5 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.
Since 2020, Max And Helen Guernsey Charitable Foundation has awarded 297 individual grants totaling $5,006,800. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Paulsen Finance Committee Chair | 1 | $12,020 | |
Gary Nelson Trustee Chair | 1 | $11,000 | |
Harold B Strever Jr Admin Committee Chair | 1 | $10,500 | |
Lois M Johnson Secretary | 1 | $9,500 | |
Soo Greiman Trustee | 1 | $9,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $107,288 |
| Dividends & Interest | $605,402 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,036,359 |
| Total Revenue | $3,241,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Pension plans, employee benefits | $2,400 |
| Depreciation | $5,612 |
| Occupancy | $16,758 |
| Travel, conferences, and meetings | $84 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $586,596 |
| Contributions, gifts, grants paid | $1,592,500 |
| Total expenses and disbursements | $2,179,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,903,270 |
| Other assets | $115,778 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,746 |
Grants Awarded
Over the last fiscal year, Max And Helen Guernsey Charitable Foundation has awarded $1,820,000 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Grundy Center, IA PURPOSE: CAPITAL - GRUNDY CENTER CHILDCARE CENTER | $60,000 |
CITY OF JANESVILLE PURPOSE: CAPITAL - PUBLIC LIBRARY CONSTRUCTION | $50,000 |
Cedar Falls, IA PURPOSE: CAPITAL - SWIMMING POOL CONSTRUCTION | $35,000 |
CEDAR VALLEY ARBORETUM & BOTANIC GARDENS PURPOSE: OPERATING SUPPORT | $30,000 |
Waterloo, IA PURPOSE: OPERATING SUPPORT - CHILDCARE GAP FUNDING FOR LOW INCOME | $30,000 |
CITY OF JESUP PURPOSE: CAPITAL - LIBERTY PARK SPLASH PAD | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |