Gils Hills Inc
- Assets
- $369.8k
- Revenue
- $128.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsville, NY
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 16-1176388
Organization Overview
Gils Hills Inc is located in Wellsville, NY. The organization was established in 1983. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Gils Hills 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, Gils Hills Inc generated $128.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $168.3k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Pettenati Chairman | 5 | $0 | |
Paige Lounsberry Vice-Chairperson | 5 | $0 | |
Linda A Baker Secretary | 5 | $0 | |
Carl Goodridge Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,872 |
| Interest on Savings | $23 |
| 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 | $0 |
| Total Revenue | $128,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,297 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $16,248 |
| Occupancy | $29,246 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,119 |
| Other expenses | $30,790 |
| Total operating and administrative expenses | $168,275 |
| Contributions, gifts, grants paid | $1 |
| Total expenses and disbursements | $168,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,591 |
| Savings and temporary cash investments | $98,340 |
| 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 | $240,841 |
| Other assets | $0 |
| Total assets | $369,772 |
| Accounts payable and accrued expenses | $1,963 |
| 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 | $1,963 |