2024-11-14T07:31:35-06:00 2023-12-31 351327464 SACKRIDER & COMPANY INC 1925 Wabash Ave Terre Haute IN 47807 990 2023-01-01 351718781 The Gibault Foundation Inc GIBA 8122983201 PO Box 10355 Terre Haute IN 478010355 Amy Atchley CFO 8122983201 2024-11-08 1 0 Craig A Todd CPA P00593406 8122329492 2023 2024-10-15 13:58:12Z Jeff Guenther PO Box 10355 Terre Haute IN 478010355 22862652 0 X N/A X 1987 IN Provide support to Gibault, Inc. (a 501(c)(3) organization). 7 7 0 0 0 0 237053 28738 825000 825000 415604 575928 61300 17624235 1538957 19053901 850000 858000 0 0 0 0 0 0 0 487880 1015173 1337880 1873173 201077 17180728 15146507 33402109 1441446 1842904 13705061 31559205 Provide support to Gibault, Inc. (a 501(c)(3) organization). 0 0 858000 858000 30507 The Gibault Foundation, Inc. is dedicated to benefiting, servicing, and solely supporting Gibault, Inc. (a Not-for-Profit 501(c)(3) organization). The Foundation contributes to Gibault, Inc. for programs and operations. 865038 In support of Gibault Inc.'s future growth, development, and financial well-being, the Foundation owns and maintains the buildings, land and land improvements. The buildings are leased by Gibault, Inc. for various programs. Depreciation expense was $821,180 in 2023. Additionally, the Foundation paid interest expense to a local bank related to a bond issue incurred to renovate existing buildings. Interest paid during 2023 was $44,917. The Foundation received lease payments from Gibault, Inc. totaling $825,000 during 2023. 1723038 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IN X Amy Atchley CFO 8122983201 6401 S US Hwy 41 Terre Haute IN 47802 Paul Zielinski Secretary 1.00 X X 0 0 0 Jeffrey R Guenther Treasurer 1.00 X X 0 0 0 Scott Crossen Vice President 1.00 X X 0 0 0 Martin McCoy Director 1.00 X 0 0 0 Scott Schutte President 1.00 X X 0 0 0 James Funk Director 1.00 X 0 0 0 James Winning Director 1.00 X 0 0 0 Michele Madley CEO 1.00 49.00 X 0 354256 12782 0 354256 12782 0 0 1 0 0 28738 28738 Lease Income 531190 825000 825000 825000 213462 213462 4171217 3808751 362466 362466 362466 Excess of assets acquired over li 900099 17593728 17593728 Miscellaneous 900099 30507 30507 17624235 19053901 17624235 0 1400928 858000 858000 25000 25000 41087 41087 210 210 44917 44917 821180 821180 Miscellaneous Expense 39131 39131 Capital Lease Expense 21852 21852 Property Taxes 21796 21796 1873173 1723038 150135 0 369489 345553 22894 30358 36937784 13520233 5977623 23417551 8587257 9422350 36004 37042 153240 149255 15146507 33402109 17942 12080 1423504 1830824 1441446 1842904 X 13515697 31367569 189364 191636 13705061 31559205 15146507 33402109 17180728 673416 0 X X 0 1 X 1 0 X X 1 Gibault Inc 350868093 2 1 858000 0 1 858000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10995497 27930 573237 167859 41087 11387718 10629649 236240 320749 147823 43318 10995497 9628643 131069 1041426 125531 45958 10629649 9559092 1124 277299 169208 39664 9628643 9443809 3078 293362 137126 44031 9559092 0.98476 0.01524 0 0 586510 586510 34221605 12618912 21602693 2129669 901321 1228348 23417551 Annuity Liabilities 190668 Bonds Payable 998032 Due to related party 611877 Lease Obligation - Finance 30247 1830824 19686230 673416 673416 19012814 41087 41087 19053901 1832086 0 1832086 41087 41087 1873173 Part V, Line 4: The Gibault Foundation, Inc. is a supporting organization whose purpose is to support Gibault, Inc. At least annually, Gibault Foundation transfers investment income from the endowment pool to Gibault, Inc. to be used for supporting Gibault, Inc.'s programs and activities. Additional funds may also be transferred as needs arise by Gibault, Inc. 1 Gibault Inc 6401 S US Hwy 41 Terre Haute IN 47802 350868093 858000 0 To provide operating support. 1 0 X 0 0 0 0 0 0 0 0 0 Michele Madley CEO 0 240427 0 52000 0 61829 0 9552 0 3230 0 367038 0 0 Form 990, Part VI, Section A, line 2 Line 2 explanation - Business Relationship - Michele Madley is a key employee and the President/CEO of a related party - Gibault, Inc.; Additionally, board members Jeff Guenther and James Funk are also board members of a related company - Gibault Care, Inc. Additionally, board members Paul Zielinski, Scott Schutte, and James Funk are also a board members of Gibault Inc., a related company. Form 990, Part VI, Section A, line 3 Line 3 explanation - The Foundation through a management contract with a related company (Gibault, Inc.), contracted out the daily management function of the organization. This included the daily accounting and administrative services. The Foundation has no employees and relies on the management contract for these services. Form 990, Part VI, Section B, line 11b Line 11b Explanation - Board of Directors does not review 990; Chief Financial Officer of related company - Gibault, Inc. - reviews prior to submission. Form 990, Part VI, Section B, line 12c Annual requirement to update conflict of interest policy as administered by the Human Resources department. Conflict of interest policy sign off form maintained in employee/director personnel file. Form 990, Part VI, Section C, line 19 Chief Financial Officer maintains all pertinent documents which may be obtained upon request. Part XII, Line 2(c) Gibault, Inc. has established an audit committee for the oversight of the audit and selection of the independent auditors. Part VI, Section B, Line 15a and 15b The Foundation does not have any employees. The Foundation purchases accounting and administrative support from a related company through a management contract. The Foundation does have a Chief Executive Officer (CEO) that is elected by the board of directors. Annual review of the CEO is performed by the board of directors. Gibault Inc 6401 S Hwy 41 Terre Haute IN 47802 350868093 Residential treatment facility of children IN 501(c)(3) Line 2 N/A 0 Gibault Care Inc 2907 East 136th Street Carmel IN 46033 352139972 Nursing home IN 501(c)(3) Line 10 N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 Gibault Inc J 825000 Per contract Gibault Inc M 25000 Per contract Gibault Inc B 858000 Per budget