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Gess Foundation EIN 04-3539095

Gess Foundation

EIN  04-3539095 Private foundation / grantmaker Wellesley, MA
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Size
$100K–1M
What they do
A private foundation based in Wellesley, MA. It reported about $220K in revenue for 2024.
Leadership
Gerald Slavet · Trustee
Money in and out
$220K revenue, $204K expenses
Bottom line
—

A private foundation based in Wellesley, MA. It reported about $220K in revenue for 2024. For fiscal year 2024 it reported $220K in revenue, $204K in expenses, and $3.0M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Total assets
3.0M
deployed as grants and operations
Grants paid
183K
in FY2024
Grants made
26grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 26 grants · $183K · 2024–2024
From the Top INCMA · FY2024$60,500
30 Mile River Watershed AssociationME · FY2024$25,000
La Jolla Music SocietyCA · FY2024$13,000
West Newton Cinema Foundation INCMA · FY2024$10,000
Vanguard CultureCA · FY2024$10,000
North Coast Repertory TheaterFY2024$10,000
Jewish Grandparents Network INCMD · FY2024$10,000
Temple Beth ElohimMA · FY2024$8,600
Illustration InstituteME · FY2024$7,500
Anti-Defamation LeagueNY · FY2024$5,000
Maine Defamation LeagueFY2024$3,500
The Old GlobeFY2024$3,000
House on the MoonFY2024$2,500
Hebrew Senior LifeFY2024$2,500
WburFY2024$2,000
Mt Vernon Fire DepartmentFY2024$1,550
WqxrFY2024$1,500
WgbhFY2024$1,000
See all 26 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV14
Average grantPart XV$7K
Median grantPart XV$2K
Largest grantPart XV$60K
Top cause focusNTEEArts & Culture (27%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$220K
FY2024▼ -34%
Expenses
$204K
FY2024▲ +45%
Total assets
$3.0M
FY2024▲ +1%
Total liabilities
$5K
FY2024
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Total assetsPt II$3.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGess Foundation
EINHdr · item D04-3539095
Principal addressHdr · item CWellesley, MA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJan 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gess Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$220K
Other revenue$108
Total revenueLn 12$220K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.89 Operating & administrative $0.11
Grants & contributions paid89%$183K
Operating & administrative11%$22K
Total functional expensesLn 25$204K

Balance Sheet

Part X · end of year
CashLn 1$151K
Total assetsLn 16$3.0M
Total liabilitiesLn 26$5K
Total net assetsLn 32$3.0M
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $220K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $220K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $220K · Prior year $331K
-34%
Revenue CAGR
FY2020 $304K · FY2024 $220K
-8%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $220K · Expenses $204K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0M
—
Net-asset ratio
Net assets $3.0M · Total assets $3.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Gerald Slavet · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $204K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -34%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$220K revenue · viewing · ⤓ 990 PDF
FY2023$331K revenue · ⤓ 990 PDF
FY2022$96K revenue · ⤓ 990 PDF
FY2021$407K revenue · ⤓ 990 PDF
FY2020$304K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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