Paul And Helen Goransson Charitable Foundation
- Assets
- $965.0k
- Revenue
- $195.0k
- Investments
- $938.1k
- Employees
- 0
- Location
- Eliot, ME
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-3733695
Organization Overview
Paul And Helen Goransson Charitable Foundation is located in Eliot, ME. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul And Helen Goransson 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 12/2023, Paul And Helen Goransson Charitable Foundation generated $195.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $74.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Paul And Helen Goransson Charitable Foundation has awarded 30 individual grants totaling $357,417. 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 |
|---|---|---|---|
Paul N Goransson President | 0 | $0 | |
Helen Goransson Vice President | 0 | $0 | |
Peter A Goransson Treasurer | 0 | $0 | |
Jennifer G Goransson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $144,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,839 |
| Capital Gain Net Income | $29,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,265 |
| Total operating and administrative expenses | $12,207 |
| Contributions, gifts, grants paid | $62,532 |
| Total expenses and disbursements | $74,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,897 |
| Savings and temporary cash investments | $0 |
| 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 | $964,965 |
| 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, Paul And Helen Goransson Charitable Foundation has awarded $62,532 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GREAT WORKS REGIONAL LAND TRUST PURPOSE: CHARITABLE CONTRIBUTION | $3,200 |
HOLY TRINITY CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $13,012 |
KELVIN PETERSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
SEACOAST REPERTORY THEATRE PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
SYDNEY PAGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
LIFE AND HOPE SCHOOL HAITI PURPOSE: CHARITABLE CONTRIBUTION | $220 |