Gumbo Foundation
- Assets
- $3.7m
- Revenue
- $189.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 12/2003
- Data as of
- 11/2023
- EIN
- 04-3727883
Organization Overview
Gumbo Foundation is located in Santa Fe, NM. The organization was established in 2003. 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. Gumbo 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 11/2023, Gumbo Foundation generated $189.2k 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 (6.2%) each year. All expenses for the organization totaled $462.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise W Schmidt President | 3 | $0 | |
Paul B Schmidt Secretary/treas | 5 | $0 | |
Tracey Elise Hogan Vice President | 1 | $0 | |
Mary Emily Hogan Vice President | 1 | $0 | |
William Hobson Hogan Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,520 |
| Capital Gain Net Income | $95,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187 |
| Total operating and administrative expenses | $57,182 |
| Contributions, gifts, grants paid | $405,000 |
| Total expenses and disbursements | $462,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,784 |
| Savings and temporary cash investments | $408,314 |
| 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 | $13,848 |
| Total assets | $3,662,336 |
| 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 | $9,746 |
| Total liabilities | $9,746 |