Form 990 for tax year 2024
Filed by KIRK H AND JOANN P GIBSON FAMILY FOUNDATION FOR PARKINSONS RESEARCH.
Totals
- Total revenue
- $7,658,722
- Total expenses
- $1,275,293
- Contributions and grants received
- $7,578,027
- Grants paid
- $200,803
- Program service revenue
- $0
- Investment income
- $156,734
- Other revenue
- -$76,039
- Total assets, end of year
- $17,223,018
- Total liabilities, end of year
- $7,236,828
- Net assets or fund balances, end of year
- $9,986,190
- Program services expenses (Part IX)
- $762,584
- Management and general expenses
- $216,328
- Fundraising expenses
- $296,381
- Program service expenses (Part III)
- $762,584
Program services were 59.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$373,925
-
1f · All other contributions, gifts and grants
$7,204,102
-
1g · Noncash contributions included above
$27,847
-
3 · Investment income
total $114,707 · excluded $114,707
-
7a · Gross sales of assets other than inventory
securities $1,566,635
-
7b · Less cost or other basis and sales expenses
securities $1,524,608
-
7c · Gain or loss
securities $42,027
-
7d · Net gain or loss
total $42,027 · excluded $42,027
-
8a · Fundraising events: gross income
$127,066
-
8a · Fundraising events: contributions included on line 1c
$373,925
-
8b · Fundraising events: direct expenses
$204,549
-
8c · Net income from fundraising events
total -$77,483 · excluded -$77,483
-
11a · Other revenue: MISCELLANEOUS
total $1,444 · related or exempt $1,444
-
11e · Other revenue, total
$1,444
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $200,803 · program services $200,803
-
5 · Compensation of officers, directors and key employees
total $241,777 · program services $145,066 · management and general $36,267 · fundraising $60,444
-
7 · Other salaries and wages
total $218,821 · program services $65,242 · management and general $82,991 · fundraising $70,588
-
9 · Other employee benefits
total $5,663 · program services $2,586 · management and general $1,466 · fundraising $1,611
-
10 · Payroll taxes
total $30,363 · program services $13,525 · management and general $7,643 · fundraising $9,195
-
11b · Fees: legal
total $17,811 · management and general $17,811
-
11c · Fees: accounting
total $14,100 · management and general $14,100
-
11f · Fees: investment management
total $16,220 · management and general $16,220
-
11g · Fees: other
total $50,417 · program services $30,582 · fundraising $19,835
-
12 · Advertising and promotion
total $122,605 · program services $79,730 · management and general $3,359 · fundraising $39,516
-
13 · Office expenses
total $9,136 · program services $5,005 · management and general $2,088 · fundraising $2,043
-
14 · Information technology
total $18,180 · program services $6,363 · management and general $5,681 · fundraising $6,136
-
16 · Occupancy
total $222,502 · program services $204,691 · management and general $8,563 · fundraising $9,248
-
17 · Travel
total $8,145 · program services $2,525 · management and general $5,620
-
22 · Depreciation, depletion and amortization
total $7,966 · program services $2,788 · management and general $2,489 · fundraising $2,689
-
23 · Insurance
total $5,863 · program services $2,052 · management and general $1,832 · fundraising $1,979
-
24a · Other expenses: FUNDRAISING EXPENSES
total $71,472 · program services $0 · management and general $0 · fundraising $71,472
-
24b · Other expenses: MISCELLANEOUS
total $13,449 · program services $1,626 · management and general $10,198 · fundraising $1,625
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $247,296 · end of year $4,262,551
-
3 · Pledges and grants receivable
end of year $3,001,000
-
4 · Accounts receivable
beginning of year $5,404 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $19,882 · end of year $17,891
-
10a · Land, buildings and equipment: cost or other basis
$136,384
-
10b · Land, buildings and equipment: accumulated depreciation
$9,450
-
10c · Land, buildings and equipment, net
beginning of year $25,632 · end of year $126,934
-
11 · Investments: publicly traded securities
beginning of year $3,297,227 · end of year $2,775,127
-
15 · Other assets
beginning of year $92,293 · end of year $7,039,515
-
17 · Accounts payable and accrued expenses
beginning of year $169,930 · end of year $139,026
-
25 · Other liabilities
beginning of year $96,104 · end of year $7,097,802
-
27 · Net assets without donor restrictions
beginning of year $3,421,700 · end of year $3,397,332
-
28 · Net assets with donor restrictions
end of year $6,588,858
Mission and programs · 2024
Mission
OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE OF THOSE LIVING WITH PARKINSON'S THROUGH THE DEVELOPMENT AND DELIVERY OF ACTIVITY-BASED PROGRAMS.
-
IN 2024 THE FOUNDATION CONTINUED TO SUPPORT ACTIVITY-BASED PROGRAMMING THROUGH GRANT FUNDING SUPPORT TO PROGRAMS FOR YOGA, DANCE, BOXING AND SPEECH CLASSES AS WELL AS ASSISTING A NONPROFIT GRANTEE PROVIDE ALMOST 14,000 HOURS OF RESPITE CARE FOR 176 FAMILIES OF THOSE WITH PARKINSON'S. ADDITIONALLY, THE FOUNDATION SECURED A 10-YEAR LEASE ON A 40,000 SQUARE FOOT BUILDING AS HOME TO A NEW PARKINSON'S WELLNESS CENTER. SIGNIFICANT INVESTMENT WAS MADE IN THE PLANNING AND DESIGN OF THE CENTER, SCHEDULED TO BE OPENED IN THE FALL OF 2025.
Expenses $762,584 · Grants $200,803 · Revenue $1,444
-
N/A
-
N/A
As filed on the 2024 return.
Listed in Part VII
-
Kirk H GibsonKIRK H GIBSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Joann P GibsonJOANN P GIBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve AnnearSTEVE ANNEAR
CEO & DIRECTOR
- Total calculated
- $244,433
- From this org
- $241,777
- From related orgs
- $0
- Other
- $2,656
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,777
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $2,656
- Filer's total
- $244,433
-
Rich LaschRICH LASCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom ArchipleyTOM ARCHIPLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter HumannWALTER HUMANN
CFO & TREASURER
- Total calculated
- $0
- Hours/week
- 35
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- BOARD MEMBERS USED THE MICHIGAN NON-PROFIT COMPENSATION REPORT AND SURVEY THAT IS AVAILABLE EVERY YEAR TO DISCUSS AND ESTABLISH COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER HAS A WRITTEN EMPLOYMENT CONTRACT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SUPPORT FOR OPENING OF THE KGC PARKINSON'S FACILITY
-
$25,000
PARKINSON'S PROGRESSION MARKERS INITIATIVE
-
EVERYBODY VS PARKINSON'S PROGRAM MOVEMENT AND SPEECH THERAPY CLASSES
-
MICHIGAN PARKINSONS FOUNDATION
$10,000
SUPPORT THE RESPITE CARE AND TRAIN THE TRAINER EXERCISE PROGRAM
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE KIRK GIBSON CENTER FOR PARKINSON'S WELLNESS
501(C)(3) · TO PERFORM FUNCTIONS FOR THE KIRK H. AND JOANN P. GIBSON FAMILY FOUNDATION · MI
Directly controlled by THE KIRK H AND JOANN P GIBSON FAMILY FOUNDATION FOR PARKINSON'S RESEARCH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349305153
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.