Aaron Gerrits Rhemody Foundation Inc
- Assets
- $152.5k
- Revenue
- $17.0k
- Investments
- $147.8k
- Employees
- 0
- Location
- Minocqua, WI
- Founding
- 08/2012
- Data as of
- 08/2023
- EIN
- 45-4050166
Organization Overview
Aaron Gerrits Rhemody Foundation Inc is located in Minocqua, WI. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Aaron Gerrits Rhemody 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 08/2023, Aaron Gerrits Rhemody Foundation Inc generated $17.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $12.3k during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES ECONOMIC RELIEF TO A LOCAL PERSON, FAMILY AND/OR FAMILIES WHO ARE IN NEED DUE TO EITHER A PERSONAL STRUGGLE WITH A LONG-TERM ILLNESS OR A LOSS DUE TO A NATURAL DISASTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Gerrits Chairman / President | 2 | $0 | |
Debra Gerrits Vice-President | 0.5 | $0 | |
William D Gerrits Treasurer | 0.5 | $0 | |
Heidi Gerrits Trustee | 0.5 | $0 | |
Dean D Hohl Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,965 |
| Interest on Savings | $279 |
| Dividends & Interest | $1,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,796 |
| Capital Gain Net Income | $6,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $445 |
| Total operating and administrative expenses | $1,354 |
| Contributions, gifts, grants paid | $10,995 |
| Total expenses and disbursements | $12,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,707 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $152,481 |
| 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, Aaron Gerrits Rhemody Foundation Inc has awarded $10,995 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MARY BRUNSON PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $2,000 |
PAULA NIEDLING PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $1,000 |
AUSTIN FERCH PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $1,000 |
KEVIN HARMSEN PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $1,000 |
ANURA FERMAND PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $2,995 |
MAVRICK MATUSZESKI PURPOSE: PROVIDE ECONOMIC RELIEF DUE TO MEDICAL HARDSHIP | $1,500 |