Gettel Foundation Inc
- Assets
- $10.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 06-1639333
Organization Overview
Gettel Foundation Inc is located in Bradenton, FL. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community 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. Gettel 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 12/2022, Gettel Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $315.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gettel Foundation Inc has awarded 120 individual grants totaling $693,598. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING FOR COMMUNITY ORGANIZATION'S AND PUBLIC CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING CALENDAR YEAR 2015, THE ORGANIZATION OBTAINED FUNDS FROM CONTRIBUTORS TO BE USED IN FUTURE PERIODS FOR CHARITABLE DISTRIBUTIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,636,469 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$84,149 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,830,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,013 |
| Total operating and administrative expenses | $38,558 |
| Contributions, gifts, grants paid | $276,452 |
| Total expenses and disbursements | $315,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,755 |
| Savings and temporary cash investments | $10,678,540 |
| 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 | $1,120 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,770,415 |
| 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, Gettel Foundation Inc has awarded $276,452 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: OPERATIONAL SUPPORT | $1,000 |
ALL FAITHS FOOD BANK PURPOSE: OPERATIONAL SUPPORT | $2,500 |
AMERICAN CANCER SOCIETY PURPOSE: OPERATIONAL SUPPORT | $1,500 |
ATHLETIC DIRECTOR BOOKER HIGH SCHOOL PURPOSE: OPERATIONAL SUPPORT | $2,275 |
BOYS AND GIRLS CLUB OF CHARLOTTE COUNTY PURPOSE: OPERATIONAL SUPPORT | $10,000 |
BREAD OF THE MIGHTY FOOD BANK PURPOSE: OPERATIONAL SUPPORT | $2,500 |