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Gilmer Industrial Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
−$31.8k (2023)

Expenses
$43.8k (2023)

Total Assets
$1.61M (2023)

Total Liabilities
$645k (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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$31,779
Expenses
$43,816
Net Income
-$75,595
Net Assets
$968,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,539
Bond Proceeds $0
Royalties $8,606
Rental Property Income -$45,924
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,613,914
Total Liabilities $645,210
Net Assets $968,704
Compensation
Key Employees and Officers Compensation Related Other
Bart Austin (Director) $0 $0 $0
Charlie Cano (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Ben Dodd (Director) $0 $0 $0
Janice Gage (Director) $0 $0 $0
John Mcwhorter (Secretary) $0 $0 $0
Larry Morse (Director) $0 $0 $0
Barry Smith (1 St Vice Pre) $0 $0 $0
Hadden Stames (Director) $0 $0 $0
David Stevenson (Director) $0 $0 $0
Robert Walker (Director) $0 $0 $0
Danny Weems (President) $0 $0 $0
Larry Cowan (2 Nd Vice Pre) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$25,399
Expenses
$724
Net Income
-$26,123
Net Assets
$1,044,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,000
Investment Income $1,051
Bond Proceeds $0
Royalties $7,630
Rental Property Income -$35,080
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,604,299
Total Liabilities $560,000
Net Assets $1,044,299
Compensation
Key Employees and Officers Compensation Related Other
Bart Austin (Director) $0 $0 $0
Charlie Cano (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Ben Dodd (Director) $0 $0 $0
Janice Gage (Director) $0 $0 $0
John Mcwhorter (Secretary) $0 $0 $0
Larry Morse (Director) $0 $0 $0
Barry Smith (1 St Vice Pre) $0 $0 $0
Hadden Stames (Director) $0 $0 $0
David Stevenson (Director) $0 $0 $0
Robert Walker (Director) $0 $0 $0
Danny Weems (President) $0 $0 $0
Larry Cowan (2 Nd Vice Pre) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$15,844
Expenses
$9,309
Net Income
-$25,153
Net Assets
$1,070,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,201
Bond Proceeds $0
Royalties $3,905
Rental Property Income -$31,924
Net Fundraising $0
Sales of Assets $10,974
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,187,402
Total Liabilities $116,980
Net Assets $1,070,422
Compensation
Key Employees and Officers Compensation Related Other
Bart Austin (Director) $0 $0 $0
Charlie Cano (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Ben Dodd (Director) $0 $0 $0
Janice Gage (Director) $0 $0 $0
John Mcwhorter (Secretary) $0 $0 $0
Larry Morse (Director) $0 $0 $0
Barry Smith (1 St Vice Pre) $0 $0 $0
Hadden Stames (Director) $0 $0 $0
David Stevenson (Director) $0 $0 $0
Robert Walker (Director) $0 $0 $0
Danny Weems (President) $0 $0 $0
Larry Cowan (2 Nd Vice Pre) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$24,059
Expenses
$2,747
Net Income
-$26,806
Net Assets
$1,095,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,975
Bond Proceeds $0
Royalties $5,289
Rental Property Income -$31,323
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,225,081
Total Liabilities $129,506
Net Assets $1,095,575
Compensation
Key Employees and Officers Compensation Related Other
Rick Albritton (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Randy Duke (Director) $0 $0 $0
Greg Hutson (Director) $0 $0 $0
John Mcwhorter (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Richard Stolle (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Danny Weems (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Larry Cowan (President) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Barry Smith (Secretary) $0 $0 $0
David Stevenson (Vice Preside) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$19,987
Expenses
$2,319
Net Income
-$22,306
Net Assets
$1,122,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,093
Bond Proceeds $0
Royalties $6,650
Rental Property Income -$28,730
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,251,887
Total Liabilities $129,506
Net Assets $1,122,381
Compensation
Key Employees and Officers Compensation Related Other
Richard Stolle (Director) $0 $0 $0
Randy Duke (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Greg Hutson (Director) $0 $0 $0
Rick Albritton (Director) $0 $0 $0
John Mcwhorter (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Danny Weems (Director) $0 $0 $0
Larry Cowan (President) $0 $0 $0
David Stevenson (Vice Preside) $0 $0 $0
Barry Smith (Secretary) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,404
Expenses
$89,658
Net Income
-$45,254
Net Assets
$1,144,687
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,147
13.8%
Bond Proceeds $0
Royalties $5,727
12.9%
Rental Property Income $32,530
73.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,274,193
Total Liabilities $129,506
Net Assets $1,144,687
Compensation
Key Employees and Officers Compensation Related Other
David Stevenson (Vice President) $0 $0 $0
Barry Smith (Secretary) $0 $0 $0
Richard Stolle (Director) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Larry Cowan (President) $0 $0 $0
Frank Breazeale (Director) $0 $0 $0
Randy Duke (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Greg Hutson (Director) $0 $0 $0
Rick Albritton (Director) $0 $0 $0
John Mcwhorter (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Danny Weems (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,912
Expenses
$62,990
Net Income
-$29,078
Net Assets
$1,189,941
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,602
19.5%
Bond Proceeds $0
Royalties $6,969
20.6%
Rental Property Income $34,250
> 100%
Net Fundraising $0
Sales of Assets -$13,909
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,189,941
Total Liabilities $0
Net Assets $1,189,941
Compensation
Key Employees and Officers Compensation Related Other
David Stevenson (Vice President) $0 $0 $0
Barry Smith (Secretary) $0 $0 $0
Richard Stolle (Director) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Larry Cowan (President) $0 $0 $0
Frank Breazeale (Director) $0 $0 $0
Randy Duke (Director) $0 $0 $0
John Dean (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Greg Hutson (Director) $0 $0 $0
Rick Albritton (Director) $0 $0 $0
John Mcwhorter (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Danny Weems (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,347
Expenses
$33,779
Net Income
$17,568
Net Assets
$1,196,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,547
10.8%
Bond Proceeds $0
Royalties $5,950
11.6%
Rental Property Income $39,850
77.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,196,821
Total Liabilities $800
Net Assets $1,196,021
Compensation
Key Employees and Officers Compensation Related Other
David Stevenson (President) $0 $0 $0
Kelly D Stretcher (2nd Vice President) $0 $0 $0
Richard Stolle (Vice President) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Larry Cowan (Secretary) $0 $0 $0
Frank Breazeale (Director) $0 $0 $0
Robbie Bruns (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Gordon Finney (Director) $0 $0 $0
Rick Albritton (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Jeff Ellington (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,335
Expenses
$31,472
Net Income
$21,863
Net Assets
$1,178,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,421
17.7%
Bond Proceeds $0
Royalties $15,364
28.8%
Rental Property Income $28,550
53.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,179,254
Total Liabilities $800
Net Assets $1,178,454
Compensation
Key Employees and Officers Compensation Related Other
David Stevenson (President) $0 $0 $0
Kelly D Stretcher (2nd Vice President) $0 $0 $0
Richard Stolle (Vice President) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Larry Cowan (Secretary) $0 $0 $0
Frank Breazeale (Director) $0 $0 $0
Robbie Bruns (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Gordon Finney (Director) $0 $0 $0
Rick Albritton (Director) $0 $0 $0
Bill Patterson (Director) $0 $0 $0
Henry Troell (Director) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0
Jeff Ellington (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,428
Expenses
$25,888
Net Income
$34,540
Net Assets
$1,156,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,712
12.8%
Bond Proceeds $0
Royalties $19,651
32.5%
Rental Property Income $33,050
54.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,156,592
Total Liabilities $0
Net Assets $1,156,592
Compensation
Key Employees and Officers Compensation Related Other
Kelly D Stretcher (President) $0 $0 $0
Richard Stolle (Vice President) $0 $0 $0
William F Patterson (Second Vice President) $0 $0 $0
Larry Cowan (Secretary) $0 $0 $0
Frank Breazeale (Director) $0 $0 $0
Robbie Bruns (Director) $0 $0 $0
Steve Dean (Director) $0 $0 $0
George Dodd (Director) $0 $0 $0
Gordon Finney (Director) $0 $0 $0
David Stevenson (Director) $0 $0 $0
Sarah Greene (Director) $0 $0 $0
Pete Herrmann (Treasurer) $0 $0 $0
Toney Putman (Director) $0 $0 $0
Paul Williams (Director) $0 $0 $0
Steve Sansom (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,583
Expenses
$34,824
Net Income
$219,759
Net Assets
$1,122,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,302
2.9%
Bond Proceeds $0
Royalties $23,390
9.2%
Rental Property Income $26,100
10.3%
Net Fundraising $0
Sales of Assets $197,791
77.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,122,052
Total Liabilities $0
Net Assets $1,122,052

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,038
Expenses
$34,414
Net Income
$6,624
Net Assets
$902,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,411
18.1%
Bond Proceeds $0
Royalties $30,375
74.0%
Rental Property Income $3,252
7.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $902,293
Total Liabilities $0
Net Assets $902,293

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,848
Expenses
$30,915
Net Income
$18,933
Net Assets
$895,669
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,834
17.7%
Bond Proceeds $0
Royalties $36,714
73.7%
Rental Property Income $3,500
7.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $800
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $895,669
Total Liabilities $0
Net Assets $895,669

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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