Keller Gorman Family Foundation
- Assets
- $262.7k
- Revenue
- $117.7k
- Investments
- $259.7k
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-3041043
Organization Overview
Keller Gorman Family Foundation is located in Quincy, IL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Keller Gorman Family 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, Keller Gorman Family Foundation generated $117.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.8% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SPREAD THE GOSPEL OF JESUS CHRIST (SUGGEST, BUT NOT REQUIRE, FUNDING TO FAITH PRESBYTERIAN CHURCH OF QUINCY IL)
SUPPORT CHARACTER BUILDING YOUTH ORGANIZATIONS (SUGGEST BUT NOT REQUIRE, FUNDING TO MISSISSIPPI VALLEY COUNCIL BOY SCOUTS OF AMERICA (QUINCY, IL)
SUPPORT THE FEEDING OF THE POOR AND DISADVANTAGED IN THE QUINCY, IL AREA (SUGGEST, BUT NOT REQUIRE FUNDING TO HORIZON SOCIAL SERVICES OF ADAMS COUNTY, INC. (QUINCY, IL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis W Gorman President | 0 | $0 | |
Barbara K Gorman 1st Vice Pre | 0 | $0 | |
Wendy G Koontz Secretary | 0 | $0 | |
Timothy D Koontz 2nd Vice Pre | 0 | $0 | |
Deborah K Gorman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,438 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $386 |
| Capital Gain Net Income | $386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $929 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $9,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,011 |
| 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 | $259,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $262,682 |
| 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, Keller Gorman Family Foundation has awarded $9,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH PRESBYTERIAN CHURCH PURPOSE: CONTRIBUTION | $3,000 |
HORIZONS SOUP KITCHEN PURPOSE: CONTRIBUTION | $3,000 |
MISSISSIPPI VALLEY BOY SC PURPOSE: CONTRIBUTION | $3,000 |