Nonprofit · EIN 41-1989478
GEGAX FAMILY FOUNDATION
Tax-exempt · DETROIT, MI 48275
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $45,416 | $49,945 | -$4,529 | $901,163 | $0 | $901,163 |
| December 31, 2023 | 990-PF | $34,712 | $60,790 | -$26,078 | $929,642 | $0 | $929,642 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $42,857
- Interest
- $23
- Net gain from sales of assets
- $2,536
Expenses
- Grants and similar amounts paid
- $43,300
- Disbursements for charitable purposes
- $44,721
- Excise tax on investment income
- $564
Balance sheet and other
- Total assets, start of year
- $929,642
- Total assets, end of year
- $901,163
- Total liabilities, end of year
- $0
- Net assets, end of year
- $901,163
- Fair market value of assets
- $823,000
- Qualifying distributions
- $44,721
- Net investment income
- $45,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GEGAX 2810 W LAKE OF THE ISLES PARKWAY, MINNEAPOLIS, MN 55416 | DIRECTOR/PRESIDENT | 1 | $0 |
| MARY WESCOTT 2810 W LAKE OF THE ISLES PARKWAY, MINNEAPOLIS, MN 55416 | DIRECTOR/VICE PRES./TREASURER | 1 | $0 |
| T TRENT GEGAX 604 B WEST MARY ST, AUSTIN, TX 78704 | DIRECTOR/VICE PRES/SECRETARY | 1 | $0 |
| CHRISTOPHER GEGAX 4336 YORK AVE S 3, MINNEAPOLIS, MN 55410 | DIRECTOR/MEDIA | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GEGAX 2810 W LAKE OF THE ISLES PARKWAY, MINNEAPOLIS, MN 55416 | DIRECTOR/PRESIDENT | 1 | $0 |
| MARY WESCOTT 2810 W LAKE OF THE ISLES PARKWAY, MINNEAPOLIS, MN 55416 | DIRECTOR/VICE PRES./TREASURER | 1 | $0 |
| T TRENT GEGAX 604 B WEST MARY ST, AUSTIN, TX 78704 | DIRECTOR/VICE PRES/SECRETARY | 1 | $0 |
| CHRISTOPHER GEGAX 4336 YORK AVE S 3, MINNEAPOLIS, MN 55410 | DIRECTOR/MEDIA | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 75000, DETROIT, MI 48275-7874
- In care of
- % U S TRUST COMPANY
- Signed the 990-PF
- TOM GEGAX, DIRECTOR
- Phone
- (612) 217-6902
- Return prepared by
- KPMG LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-1989478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $901,163
- Income (IRS master file)
- $204,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $45,416 | $49,945 | $901,163 | XML |
| 990-PF | December 2023 | $34,712 | $60,790 | $929,642 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1989478).
Questions about GEGAX FAMILY FOUNDATION
- What is the EIN of GEGAX FAMILY FOUNDATION?
- The employer identification number (EIN) of GEGAX FAMILY FOUNDATION is 41-1989478.
- Is GEGAX FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GEGAX FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GEGAX FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GEGAX FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEGAX FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GEGAX FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GEGAX FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $45,416, expenses of $49,945 and total assets of $901,163 at year end.
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