William H Gerber & Velma Gerber Trust
- Assets
- $612.0k
- Revenue
- $24.1k
- Investments
- $409.6k
- Employees
- 0
- Location
- Goodland, KS
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 84-6240951
Organization Overview
William H Gerber & Velma Gerber Trust is located in Goodland, KS. The organization was established in 1998. 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. William H Gerber & Velma Gerber Trust 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, William H Gerber & Velma Gerber Trust generated $24.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H Gerber & Velma Gerber Trust has awarded 100 individual grants totaling $334,030. 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 |
|---|---|---|---|
Glenn Wudtke Trustee | 0.25 | $2,500 | |
Brett Parker Trustee | 0.25 | $2,500 | |
Fnb Bank Trustee | 0.5 | $6,554 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,755 |
| Dividends & Interest | $12,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,871 |
| Capital Gain Net Income | $8,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,554 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,700 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $45,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $202,413 |
| 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 | $409,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $611,981 |
| 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, William H Gerber & Velma Gerber Trust has awarded $33,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST KS TECHNICAL COLLEGE PURPOSE: EDUCATION | $500 |
FORT HAYS STATE UNIVERSITY PURPOSE: EDUCATION | $1,000 |
ST JOHN'S CHURCH PURPOSE: EDUCATION | $3,000 |
HOMESTEAD MEMORIAL FOUNDATION PURPOSE: COMMUNITY SERVICE | $5,000 |
COLBY COMMUNITY COLLEGE PURPOSE: EDUCATION | $2,000 |
IDALIA AMBULANCE SERVICE PURPOSE: MEDICAL CARE | $3,000 |