Overview
What is Egbert M Freese Foundation?
The Egbert M Freese Foundation is a charitable organization located in Galion, Ohio. Its primary objective is to contribute to the betterment of the city's community. This is achieved by allocating seven-eighths of its annual income towards the upkeep and maintenance of Galion's facilities, such as parks, which ultimately benefit the city's residents. Remaining one-eighth of the yearly net income is set aside to provide scholarships for high school graduates from Galion, who are pursuing further education and training. The foundation's mission is to serve both the city's infrastructure and its future generations through its charitable, educational, and maintenance initiatives.
Is Egbert M Freese Foundation legitimate?
Egbert M Freese Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Egbert M Freese Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Egbert M Freese Foundation?
The Egbert M. Freese Foundation is established with a mission to serve charitable, educational, religious, literary, or scientific purposes. Seven-eighths of its annual income is dedicated to maintaining and enhancing city facilities, such as parks, benefiting the local community. The remaining one-eighth of the annual net income is managed and distributed as scholarships for high school graduates from the city who are pursuing post-secondary education and training.
Who is the CEO of Egbert M Freese Foundation?
Grant B Garverick is the President of Egbert M Freese Foundation.
What is the revenue of Egbert M Freese Foundation?
Egbert M Freese Foundation's revenue in 2022 was $222,069.
Who are the executives of Egbert M Freese Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Egbert M Freese Foundation?
Egbert M Freese Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Egbert M Freese Foundation
The Egbert M. Freese Foundation is a charitable organization with a dual mission. Primarily, it aims to contribute to the upkeep and maintenance of community facilities in Galion, benefiting its residents. This encompasses various public spaces, such as parks, that serve as vital resources for the local community.
In addition to this, the foundation has a secondary mission. It sets aside one-eighth of its annual net income to provide scholarships for high school graduates from Galion. These individuals are pursuing post-secondary education and training, enabling them to further their skills and contribute to the community in the future. The foundation's scholarships program is a testament to its commitment to investing in the next generation of Galion's residents, fostering their growth and development.
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Impact
October, 2024
The Egbert M. Freese Foundation significantly enhances the quality of life in Galion, Ohio, by allocating a substantial portion of its annual income for the upkeep and maintenance of local facilities, particularly parks. This commitment directly benefits the community by ensuring that public spaces are well-maintained, promoting recreational activities and enhancing the overall environment for residents.
Additionally, the foundation provides scholarships to high school graduates in Galion, supporting their pursuit of post-secondary education and training. This dual focus on both community infrastructure and educational support fosters a thriving, engaged, and well-educated population, ultimately contributing to the long-term development and well-being of the City of Galion.
This information is meant to be a general summary of Egbert M Freese Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $222,069
- Gross Receipts: $3,081,767
Assets and Liabilities:
- Total Assets: $9,400,829
- Total Liabilities: $0
- Net Assets: $9,400,829
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Organization Details
Founding Year
1999
Phone
(216) 689-7663Principal Officer
Grant B Garverick
Main Address
126 S MARKET ST, GALION, OH, 44833
NTEE Category
Code: S12 - Community improvement
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