Gambino Medical & Science Foundation Inc
- Assets
- $330.0k
- Revenue
- $946.3k
- Investments
- $0.0
- Employees
- 0
- Location
- North Bergen, NJ
- Founding
- 05/1992
- Data as of
- 12/2023
- EIN
- 13-3586460
Organization Overview
Gambino Medical & Science Foundation Inc is located in North Bergen, NJ. The organization was established in 1992. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gambino Medical & Science 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 12/2023, Gambino Medical & Science Foundation Inc generated $946.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gambino Medical & Science Foundation Inc has awarded 26 individual grants totaling $3,392,160. 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 |
|---|---|---|---|
Thomas C Gambino President | 0 | $0 | |
Carl Gambino Secretary-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,479 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $863,785 |
| Total Revenue | $946,264 |
| 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 | $258,966 |
| Total operating and administrative expenses | $260,466 |
| Contributions, gifts, grants paid | $1,017,040 |
| Total expenses and disbursements | $1,277,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,989 |
| 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 | $329,989 |
| Accounts payable and accrued expenses | $8,986 |
| 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 | $8,986 |
Grants Awarded
Over the last fiscal year, Gambino Medical & Science Foundation Inc has awarded $1,017,040 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWELL HEALTH FOUNDATION PURPOSE: 2022 CHILD LIFE | $70,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2022 PROFESSORSHIP INTEREST | $47,040 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2022 PROFESSORSHIP PLEDGE | $250,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2022 PROFESSORSHIP | $400,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: COHEN CHILDRENS MEDICAL CENTER | $250,000 |