Florence J Gillmor Foundation
- Assets
- $49.5m
- Revenue
- $8.8m
- Investments
- $39.9m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 87-0483666
Organization Overview
Florence J Gillmor Foundation is located in Salt Lake City, UT. The organization was established in 1991. 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. Florence J Gillmor 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 12/2021, Florence J Gillmor Foundation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.2% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Florence J Gillmor Foundation has awarded 62 individual grants totaling $11,221,526. 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 |
|---|---|---|---|
James B Lee Director | 9 | $20,000 | |
Raymond J Etcheverry President / Director | 1 | $20,000 | |
Robert M Graham Director | 1 | $20,000 | |
Francis M Wikstrom Vice President / Director | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $896,844 |
| Net Rental Income | $715,746 |
| Net Gain on Sale of Assets | $7,195,473 |
| Capital Gain Net Income | $7,195,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,808,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,357 |
| Depreciation | $118,812 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $462,759 |
| Total operating and administrative expenses | $864,090 |
| Contributions, gifts, grants paid | $3,961,526 |
| Total expenses and disbursements | $4,825,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,038,329 |
| Savings and temporary cash investments | $1,990,624 |
| 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 | $3,586,310 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,865,744 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,481,642 |
| 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, Florence J Gillmor Foundation has awarded $4,761,526 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMINSTER PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $1,400,000 |
2023 CONTRIBUTIONS YET TO BE PAID TO WESTMINSTER COLLEGE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $400,000 |
2022 CONTRIBUTIONS YET TO BE PAID TO WESTMINSTER COLLEGE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $400,000 |
FOURTH STREET CLINIC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $300,000 |
UTAH FOOD BANK PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $300,000 |
THE ROAD HOME PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |