C Gary And Virginia Gerst Foundation

Chicago, IL
Tax-exempt since Feb. 1986
EIN: 36-3403692

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$84.4k (2023)

Expenses

$353k (2023)

Total Assets

$2.78M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$84,417

Expenses

$352,973

Net Income

-$268,556

Net Assets

$2,784,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$45,383	53.8%
Dividends	$46,269	54.8%
Sales of Assets	-$12,957
Other Income	$5,722	6.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$274,965	77.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,784,824
Total Liabilities	$0
Net Assets	$2,784,824

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$205,408

Expenses

$297,668

Net Income

-$92,260

Net Assets

$3,053,380

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,070	8.3%
Dividends	$46,061	22.4%
Sales of Assets	$138,703	67.5%
Other Income	$3,574	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,050	66.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,053,380
Total Liabilities	$0
Net Assets	$3,053,380

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Oct. 20, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$357,913

Expenses

$502,224

Net Income

-$144,311

Net Assets

$3,145,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$72,291	20.2%
Interest Revenue	$5,003	1.4%
Dividends	$30,227	8.4%
Sales of Assets	$232,957	65.1%
Other Income	$17,435	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$421,250	83.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,145,440
Total Liabilities	$0
Net Assets	$3,145,440

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$684,049

Expenses

$447,416

Net Income

$236,633

Net Assets

$3,289,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$544,202	79.6%
Interest Revenue	$7,629	1.1%
Dividends	$25,829	3.8%
Sales of Assets	$83,794	12.2%
Other Income	$22,595	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$372,152	83.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,289,751
Total Liabilities	$1
Net Assets	$3,289,750

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$205,219

Expenses

$774,945

Net Income

-$569,726

Net Assets

$3,023,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,822	6.7%
Dividends	$45,191	22.0%
Sales of Assets	$129,434	63.1%
Other Income	$16,772	8.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$682,850	88.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,023,701
Total Liabilities	$1
Net Assets	$3,023,700

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$281,027

Expenses

$605,715

Net Income

-$324,688

Net Assets

$3,593,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$56,203	20.0%
Interest Revenue	$11,592	4.1%
Dividends	$45,988	16.4%
Sales of Assets	$129,307	46.0%
Other Income	$37,937	13.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$546,400	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,593,427
Total Liabilities	$0
Net Assets	$3,593,427

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$348,309

Expenses

$455,787

Net Income

-$107,478

Net Assets

$3,917,865

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$123,337	35.4%
Interest Revenue	$4,716	1.4%
Dividends	$35,552	10.2%
Sales of Assets	$183,587	52.7%
Other Income	$1,117	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$389,335	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,917,865
Total Liabilities	$0
Net Assets	$3,917,865

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia C Gerst (Secretary, Treasurer)	$0	$0
C Graham Gerst (Director)	$0	$0

990-PF

Filed on Nov. 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,547,189

Expenses

$672,757

Net Income

$874,432

Net Assets

$4,025,343

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,480,250	95.7%
Interest Revenue	$2,106	0.1%
Dividends	$20,924	1.4%
Sales of Assets	$43,763	2.8%
Other Income	$146	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$615,175	91.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,025,343
Total Liabilities	$0
Net Assets	$4,025,343

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia Gerst (Secretary, Treasurer)	$0	$0
Stuart L Scott (Director)	$0	$0

990-PF

Filed on Oct. 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$760,849

Expenses

$742,359

Net Income

$18,490

Net Assets

$3,150,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$464,374	61.0%
Interest Revenue	$6,753	0.9%
Dividends	$42,523	5.6%
Sales of Assets	$198,232	26.1%
Other Income	$48,967	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$658,151	88.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,150,911
Total Liabilities	$0
Net Assets	$3,150,911

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia Gerst (Secretary, Treasurer)	$0	$0
Stuart L Scott (Director)	$0	$0

990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$325,627

Expenses

$673,844

Net Income

-$348,217

Net Assets

$3,132,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$46,721	14.3%
Interest Revenue	$7,764	2.4%
Dividends	$48,962	15.0%
Sales of Assets	$192,439	59.1%
Other Income	$29,741	9.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$598,690	88.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,132,421
Total Liabilities	$0
Net Assets	$3,132,421

Compensation

Key Employees and Officers	Compensation	Other
Cornelius Gary Gerst (President, Director)	$0	$0
Virginia Gerst (Secretary, Treasurer)	$0	$0
Stuart L Scott (Director)	$0	$0

990-PF

Filed on Nov. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$625,595

Expenses

$549,508

Net Income

$76,087

Net Assets

$3,630,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	63.9%
Interest Revenue	$12,055	1.9%
Dividends	$43,284	6.9%
Sales of Assets	$188,692	30.2%
Other Income	-$18,436

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$464,600	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,630,631
Total Liabilities	$0
Net Assets	$3,630,631

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,245,726

Expenses

$350,071

Net Income

$895,655

Net Assets

$3,457,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,037,393	83.3%
Interest Revenue	$16,798	1.3%
Dividends	$30,793	2.5%
Sales of Assets	$161,976	13.0%
Other Income	-$1,234

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,495	84.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,457,389
Total Liabilities	$0
Net Assets	$3,457,389

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$96,218

Expenses

$306,475

Net Income

-$210,257

Net Assets

$2,370,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,400	1.5%
Interest Revenue	$24,728	25.7%
Dividends	$25,705	26.7%
Sales of Assets	$50,980	53.0%
Other Income	-$6,595

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$235,765	76.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,370,532
Total Liabilities	$0
Net Assets	$2,370,532

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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C Gary And Virginia Gerst Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $84.4k (2023)

Expenses $353k (2023)

Total Assets $2.78M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Revenue

$84.4k (2023)

Expenses

$353k (2023)

Total Assets

$2.78M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001