Gerdin Charitable Foundation
- Assets
- $65.1m
- Revenue
- $5.6m
- Investments
- $57.5m
- Employees
- 0
- Location
- North Liberty, IA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 42-1462088
Organization Overview
Gerdin Charitable Foundation is located in North Liberty, 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. Gerdin 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 12/2022, Gerdin Charitable Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gerdin Charitable Foundation has awarded 35 individual grants totaling $42,777,062. 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 |
|---|---|---|---|
Ann S Gerdin President/sec/treas | 1 | $0 | |
Michael J Gerdin Vice President | 1 | $0 | |
Julie J Durr Vice President | 1 | $0 | |
Angela K Janssen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,841 |
| Dividends & Interest | $2,102,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,446,600 |
| Capital Gain Net Income | $3,446,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,597,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69,253 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $241,623 |
| Contributions, gifts, grants paid | $1,315,000 |
| Total expenses and disbursements | $1,556,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,565,623 |
| 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 | $20,524,252 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,078,286 |
| 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, Gerdin Charitable Foundation has awarded $1,315,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Urbandale, IA PURPOSE: GENERAL OPERATING FUND | $655,000 |
Iowa City, IA PURPOSE: THE UNIVERSITY OF IOWA SOCCER OPERATIONS FACILITY | $500,000 |
FAITH BAPTIST BIBLE COLLEGE & THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING FUND | $100,000 |
North Liberty, IA PURPOSE: IN SUPPORT OF THE DONATE LIFE ROSE PARADE FLOAT | $60,000 |
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 |