Arthur & Linda Gelb Tr Charitable Foundation
- Assets
- $581.6k
- Revenue
- $91.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 04-6691831
Organization Overview
Arthur & Linda Gelb Tr Charitable Foundation is located in Belmont, MA. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arthur & Linda Gelb Tr Charitable 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 12/2023, Arthur & Linda Gelb Tr Charitable Foundation generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $38.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Arthur & Linda Gelb Tr Charitable Foundation has awarded 91 individual grants totaling $193,820. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Gelb Trustee | 0 | $0 | |
Linda Gelb Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $139 |
| Dividends & Interest | $8,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,973 |
| Capital Gain Net Income | $83,973 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$600 |
| Total Revenue | $91,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $35 |
| Total operating and administrative expenses | $35 |
| Contributions, gifts, grants paid | $38,750 |
| Total expenses and disbursements | $38,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,566 |
| Savings and temporary cash investments | $0 |
| 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 | $581,566 |
| 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, Arthur & Linda Gelb Tr Charitable Foundation has awarded $38,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CRADLES TO CRAYONS PURPOSE: GENERAL FUNDS | $500 |
AMERICAN ACADEMY OF ART & SCIENCES PURPOSE: GENERAL FUNDS | $1,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: GENERAL FUNDS | $10,000 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL FUNDS | $1,000 |
AMERICANS FOR PEACE AND TOLERANCE PURPOSE: GENERAL FUNDS | $5,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL FUNDS | $5,000 |