Gustafson Family Foundation Inc
- Assets
- $1.0m
- Revenue
- $1.7m
- Investments
- $944.9k
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 45-5164454
Organization Overview
Gustafson Family Foundation Inc is located in Omaha, NE. The organization was established in 2017. 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. Gustafson 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 12/2022, Gustafson Family Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $106.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gustafson Family Foundation Inc has awarded 20 individual grants totaling $573,750. 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 |
|---|---|---|---|
Kristen A Gustafson President | 0 | $0 | |
Joshua J Gustafson Vice President | 0 | $0 | |
Jacob L Gustafson Treasurer | 0 | $0 | |
Katherine A Farella Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $970,759 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $716,455 |
| Capital Gain Net Income | $716,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,709,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $514 |
| Contributions, gifts, grants paid | $105,500 |
| Total expenses and disbursements | $106,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,700 |
| 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 | $1,045,605 |
| 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, Gustafson Family Foundation Inc has awarded $105,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE WINGS PROGRAM PURPOSE: GENERAL FUND | $500 |
HASTINGS CATHOLIC SCHOOLS FOUNDATION PURPOSE: GENERAL FUND | $100,000 |
THE SALVATION ARMY PURPOSE: GENERAL FUND | $5,000 |