Lance & Janiece Gad Foundation Inc
- Assets
- $1.0m
- Revenue
- $49.1k
- Investments
- $537.6k
- Employees
- 0
- Location
- Singer Island, FL
- Founding
- 04/1988
- Data as of
- 04/2024
- EIN
- 13-3452161
Organization Overview
Lance & Janiece Gad Foundation Inc is located in Singer Island, FL. The organization was established in 1988. 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. Lance & Janiece Gad 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 04/2024, Lance & Janiece Gad Foundation Inc generated $49.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $18.0k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lance & Janiece Gad Foundation Inc has awarded 59 individual grants totaling $152,438. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance S Gad President | 2 | $0 | |
Janiece F Gad Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $2,166 |
| Contributions, gifts, grants paid | $15,860 |
| Total expenses and disbursements | $18,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,938 |
| 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 | $1,002,532 |
| 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, Lance & Janiece Gad Foundation Inc has awarded $15,860 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF SINGER ISLAND PURPOSE: UNRESTRICTED | $200 |
JCC OF HARRISON PURPOSE: UNRESTRICTED | $10,100 |
KRAVIS CENTER OF PERF ARTS PURPOSE: UNRESTRICTED | $100 |
JEWISH COMMUNITY PROJECT PURPOSE: UNRESTRICTED | $4,650 |
FLORIDA SHERIFFS ASSOCIATION PURPOSE: UNRESTRICTED | $25 |
FORUM CLUB OF THE PALM BEACHES PURPOSE: UNRESTRICTED | $25 |