Jennie And Albert Gersick Foundation
- Assets
- $3.9m
- Revenue
- $12.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Pueblo, CO
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 84-1486169
Organization Overview
Jennie And Albert Gersick Foundation is located in Pueblo, CO. The organization was established in 1999. 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. Jennie And Albert Gersick 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 12/2022, Jennie And Albert Gersick Foundation generated $12.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (50.6%) each year. All expenses for the organization totaled $320.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jennie And Albert Gersick Foundation has awarded 114 individual grants totaling $1,887,480. 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 |
|---|---|---|---|
Elaine C Nicoll Director & P | 0 | $0 | |
Rita C Gersick Director & V | 0 | $0 | |
Joseph A Gersick Director & V | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$155,576 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,985 |
| Total operating and administrative expenses | $57,688 |
| Contributions, gifts, grants paid | $263,133 |
| Total expenses and disbursements | $320,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,726 |
| 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 | $3,862,953 |
| 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, Jennie And Albert Gersick Foundation has awarded $263,133 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSN PURPOSE: CHILDREN DIABETES CAMP | $20,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF - GENERAL | $15,000 |
AMERICAN RED CROSS PURPOSE: COLORADO WILDFIRES | $20,000 |
BOYS AND GIRLS CLUBS OF PUEBLO PURPOSE: YOUTH SERVICES - WORKFORCE DEVELOPME | $30,000 |
CARE & SHARE FOOD BANK OF SOCO PURPOSE: HUNGER RELIEF - PUEBLO COUNTY | $20,000 |
CASA OF PUEBLO PURPOSE: YOUTH SERVICES - ADVOCACY PROGRAM | $17,000 |