Garippa Foundation Inc
- Assets
- $837.2k
- Revenue
- $143.9k
- Investments
- $431.5k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 08/2007
- Data as of
- 06/2024
- EIN
- 01-0846118
Organization Overview
Garippa Foundation Inc is located in Naples, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garippa Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Garippa Foundation Inc generated $143.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $65.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Garippa Foundation Inc has awarded 39 individual grants totaling $1,440,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION - THE NAPLES GATHERING CHURCH, NAPLES, FL
CONTRIBUTION - KINGDOM FM, FT MYERS, FL
CONTRIBUTION - FELLOWSHIP OF CHRISTIAN ATHLETES, KANSAS CITY, MO
CONTRIBUTION - PRE-BORN, INDIANAPOLIS, IN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Garippa Director | 1 | $0 | |
Linda Garippa Director | 1 | $0 | |
John S Garippa Director | 6 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,459 |
| Interest on Savings | $9,368 |
| Dividends & Interest | $7,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,835 |
| Capital Gain Net Income | $148,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,040 |
| Total operating and administrative expenses | $53,217 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $65,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,834 |
| Savings and temporary cash investments | $360,936 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $837,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Garippa Foundation Inc has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN HARBOR CHURCH PURPOSE: CHARITABLE CONTRIBUTION. | $10,000 |
KINGDOM FM 915 PURPOSE: CHARITABLE CONTRIBUTION. | $2,500 |