Geneva Foundation Of Presbyterian Homes

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.

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)Compensation
Vince Kelly
Director /co-Chair
$0
Eric Mollman
Director /co-Chair
$0
Mark Wetzel
Director /treasurer
$0
Elinor Hite
Director /secretary
$0
Jim Brault
Director
$0
Robert Dearborn
Director
$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

Grants Awarded

Over the last fiscal year, Geneva Foundation Of Presbyterian Homes has awarded $7,123,238 in support to 6 organizations.

Grant RecipientAmount

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
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