Geneva Foundation Of Presbyterian Homes
- Assets
- $172.2m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 05/2004
- Data as of
- 03/2024
- EIN
- 71-0945228
Organization Overview
Geneva Foundation Of Presbyterian Homes is located in Skokie, IL. The organization was established in 2004. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Geneva Foundation Of Presbyterian Homes 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 03/2024, Geneva Foundation Of Presbyterian Homes generated $11.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.2m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Geneva Foundation Of Presbyterian Homes has awarded 59 individual grants totaling $69,419,883. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE GENEVA FOUNDATION TRANSFORMS LIVES BY ENRICHING PRESBYTERIAN HOMES AND WESTMINSTER PLACE COMMUNITIES THROUGH GENEROUS AND RESPONSIBLE PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENEVA FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE PROGRAMS OF PRESBYTERIAN HOMES AND WESTMINSTER PLACE. SPECIFICALLY, THE FELLOWSHIP FUND HELPS DISTINGUISH THE CHARACTER OF PRESBYTERIAN HOMES AND WESTMINSTER PLACE. THROUGH THE FELLOWSHIP FUND, GENEVA FOUNDATION ENSURES THAT NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY DUE TO INABILITY TO PAY. IT EXTENDS MEDICAL AND SUPPORTIVE SERVICES TO MAINTAIN THE RESIDENTS' SECURITY, HEALTH, DIGNITY, AND SELF-ESTEEM. THE FELLOWSHIP FUND AND ITS ENDOWMENT HAVE BEEN BUILT ENTIRELY BY CHARITABLE DONATIONS FROM RESIDENTS, FAMILIES, AND FRIENDS ACROSS THE ENTIRE PRESBYTERIAN HOMES AND WESTMINSTER PLACE ORGANIZATIONS.
GENEVA FOUNDATION PROVIDES PRESBYTERIAN HOMES AND WESTMINSTER PLACE WITH CAPITAL GRANTS TO SUPPORT CAPITAL IMPROVEMENTS AND ADDITIONS THAT SECURE THE SAFETY, CONVENIENCE AND COMFORT OF RESIDENTS ON ALL CAMPUSES.
GENEVA FOUNDATION SUPPORTS PRESBYTERIAN HOMES AND WESTMINSTER PLACE ON SPECIAL PROJECTS AND PROGRAMS AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Kelly Director /co-Chair | OfficerTrustee | 1 | $0 |
Eric Mollman Director /co-Chair | OfficerTrustee | 1 | $0 |
Mark Wetzel Director /treasurer | OfficerTrustee | 1 | $0 |
Elinor Hite Director /secretary | OfficerTrustee | 1 | $0 |
Jim Brault Director | Trustee | 1 | $0 |
Robert Dearborn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,880 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,110,189 |
| Noncash contributions included in lines 1a–1f | $44,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,335,069 |
| Total Program Service Revenue | $0 |
| Investment income | $5,327,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,873,696 |
| Net Income from Fundraising Events | -$5,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,530,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,123,238 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $316,164 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,350 |
| Fees for services: Other | $62,972 |
| Advertising and promotion | $0 |
| Office expenses | $8,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,158,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,057,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $128,662,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,440,966 |
| Total assets | $172,161,101 |
| Accounts payable and accrued expenses | $104,970 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $508,464 |
| Total liabilities | $613,434 |
| Net assets without donor restrictions | $109,024,204 |
| Net assets with donor restrictions | $62,523,463 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $172,161,101 |
Grants Awarded
Over the last fiscal year, Geneva Foundation Of Presbyterian Homes has awarded $7,123,238 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMINSTER PLACE PURPOSE: THE CAPITAL AND BUILDING FUND PROVIDES WESTMINSTER PLACE WITH CAPITAL GRANTS TO SUPPORT CAPITAL IMPROVEMENTS AND ADDITIONS THAT SECURE THE SAFETY, CONVENIENCE AND COMFORT OF RESIDENTS AT THE COMMUNITY. | $167,802 |
WESTMINSTER PLACE PURPOSE: THE FELLOWSHIP FUND ENSURES NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY DUE TO INABILITY TO PAY. THE RESIDENTS RECEIVE MEDICAL AND SUPPORTIVE SERVICES TO MAINTAIN THEIR SECURITY, HEALTH, DIGNITY, AND SELF-ESTEEM. | $1,776,016 |
PRESBYTERIAN HOMES PURPOSE: THE FELLOWSHIP FUND ENSURES NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY DUE TO INABILITY TO PAY. THE RESIDENTS RECEIVE MEDICAL AND SUPPORTIVE SERVICES TO MAINTAIN THEIR SECURITY, HEALTH, DIGNITY, AND SELF-ESTEEM. | $803,044 |
WESTMINSTER PLACE PURPOSE: OTHER GRANTS ARE PROVIDED TO WESTMINSTER PLACE FOR SPECIAL PROJECTS AND PROGRAMS ON AS NEEDED BASIS. | $582,909 |
PRESBYTERIAN HOMES PURPOSE: THE CAPITAL AND BUILDING FUND PROVIDES PRESBYTERIAN HOMES WITH CAPITAL GRANTS TO SUPPORT CAPITAL IMPROVEMENTS AND ADDITIONS THAT SECURE THE SAFETY, CONVENIENCE AND COMFORT OF RESIDENTS AT THE COMMUNITY. | $3,013,829 |
PRESBYTERIAN HOMES PURPOSE: OTHER GRANTS ARE PROVIDED TO PRESBYTERIAN HOMES FOR SPECIAL PROJECTS AND PROGRAMS ON AS NEEDED BASIS. | $779,638 |