Gordon Foundation
- Assets
- $1.3m
- Revenue
- $3.0m
- Investments
- $472.7k
- Employees
- 0
- Location
- Danvers, MA
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 04-2794647
Organization Overview
Gordon Foundation is located in Danvers, MA. The organization was established in 1983. 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. Gordon Foundation 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 12/2022, Gordon Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gordon Foundation has awarded 83 individual grants totaling $48,553,811. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard M Gordon Trustee | 1 | $0 | |
Daniel Lewis Gordon Trustee | 1 | $0 | |
Sophia Gordon Trustee | 1 | $0 | |
Robert Stewart Trustee | 1 | $0 | |
Frank Coppolino Trustee | 1 | $0 | |
Frederick Lane Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,014,158 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,033 |
| Capital Gain Net Income | $541,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,986,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,068 |
| Total operating and administrative expenses | $20,263 |
| Contributions, gifts, grants paid | $2,420,000 |
| Total expenses and disbursements | $2,440,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,585 |
| Savings and temporary cash investments | $564,462 |
| 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 | $254,159 |
| Total assets | $1,292,875 |
| 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, Gordon Foundation has awarded $2,420,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY FOR TECHNION PURPOSE: UNRESTRICTED GRANT | $530,000 |
EYE CORPS INC PURPOSE: UNRESTRICTED GRANT | $50,000 |
GLOUCESTER EDUCATION FOUNDATION PURPOSE: UNRESTRICTED GRANT | $30,000 |
LAHEY HOSPITAL & MEDICAL CENTER PURPOSE: UNRESTRICTED GRANT | $75,000 |
NORTH SHORE INNOVENTURES PURPOSE: UNRESTRICTED GRANT | $25,000 |
NORTHEASTERN UNIVERSITY PURPOSE: UNRESTRICTED GRANT | $1,400,000 |