The Kelly Gibson Foundation
- Assets
- $1.2m
- Revenue
- $691.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Mandeville, LA
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-3413020
Organization Overview
The Kelly Gibson Foundation is located in Mandeville, LA. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Kelly Gibson Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelly Gibson 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, Kelly Gibson Foundation generated $691.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $536.0k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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 2015, Kelly Gibson Foundation has awarded 14 individual grants totaling $262,330. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN IMPROVING THE LIVES OF THOSE WHO LIVE IN NEW ORLEANS AND THE [CONT'D ON SCH O] SURROUNDING AREAS WITH AN EMPHASIS ON SUPPORTING CHILDREN'S ATHLETIC PROGRAMS AND INITIATIVES FOR FIRST RESPONDERS AND MILITARY PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH JUNIOR GOLF PROGRAMMING, THE KELLY GIBSON FOUNDATION PRODUCED 19 JUNIOR GOLF TOURNAMENTS SPANNING FROM LAKE CHARLES, BATON ROUGE, THE GREATER NEW ORLEANS AREA TO THE GULF COAST REGION, AND ALABAMA.THE KELLY GIBSON JUNIOR GOLF TOUR IS AN INTRODUCTION TO COMPETITION AND IS OPEN TO BOTH MALE AND FEMALE JUNIOR GOLFERS AGES 7-22. MEMBERS OF THE TOUR COMPETE IN UP TO SEVEN ONE-DAY TOURNAMENTS DURING THE SUMMER FROM JUNE TO JULY.THE OSCAR J TOLMAS MENTORSHIP PROGRAM PROVIDES A POSITIVE LEARNING EXPERIENCE FOR BOYS AGES 7-10 AND GIRLS AGES 7-13. MENTORS ARE JUNIORS IN HIGH SCHOOL THROUGH 5TH YEAR SENIORS IN COLLEGE [CONT'D ON SCH O] WHO WALK WITH THEIR MENTEES DURING THEIR 9-HOLE ROUND. THEY TEACH ETIQUETTE, PACE OF PLAY, BASIC RULES AND COURSE MANAGEMENT TO PROVIDE A MORE ENJOYABLE EXPERIENCE.THE ALLSTATE SUGAR BOWL FALL SERIES ARE TWO-DAY JUNIOR GOLF TOURNAMENTS PRODUCED FROM AUGUST TO DECEMBER SPANNING FROM LAKE CHARLES TO THE GULF COAST REGION AND ALABAMA. THESE EVENTS PROVIDE MORE LOCAL PLAYING OPPORTUNITIES FOR BOYS AGES 10-18 AND GIRLS AGES 13-18 WHO WANT TO TAKE THEIR GAME TO THE NEXT LEVEL.THE ALLSTATE SUGAR BOWL TOMMY MOORE MEMORIAL IS AN ANNUAL INTERNATIONAL JUNIOR GOLF TOURNAMENT FEATURING 84 TOP-RANKED JUNIOR GOLFERS FROM ACROSS THE COUNTRY AND WORLD EACH HOLIDAY SEASON IN NEW ORLEANS AT TPC LOUISIANA, HOME OF THE PGA TOUR'S ZURICH CLASSIC.
DURING 2023, THE KELLY GIBSON FOUNDATION AWARDED $19,500 IN COLLEGE SCHOLARSHIPS TO 10 MEMBERS OF THE KELLY GIBSON JUNIOR GOLF TOUR. SINCE 2010, ALONG WITH VARIOUS COMMUNITY PARTNERSHIPS, 338 SCHOLARSHIPS HAVE BEEN AWARDED TOTALING $784,300. SCHOLARSHIPS ARE AWARDED BASED ON COMMUNITY SERVICE, ACADEMICS AND FINANCIAL NEED; NOT GOLFING ABILITY. ELIGIBLE APPLICANTS MUST SATISFY MENTORSHIP AND PLAYING REQUIREMENTS ON THE JUNIOR TOUR AND BE A JUNIOR IN HIGH SCHOOL OR OLDER.THERE ARE CURRENTLY EIGHT SCHOLARSHIPS THAT HAVE YET TO BE REDEEMED TOTALING $16,000. THESE SCHOLARSHIPS WILL BE PAID WITHIN THREE YEARS. THE FOUNDATION PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS THAT SHARE OUR MISSION. DURING 2023, THE FOUNDATION GRANTED A TOTAL OF $10,997 TO VARIOUS ORGANIZATIONS.
THE KELLY GIBSON FOUNDATION IS PROUD TO AWARD SCHOLARSHIPS TO CHILDREN OF MILITARY FAMILIES THROUGH THE OSCAR J TOLMAS MEMORIAL SCHOLARSHIP FUND AS PART OF OUR SWING HARD FOR SOLDIERS EVENT EACH WEEK OF VETERANS MONTH. THIS GOLF TOURNAMENT IS A PATRIOTIC DAY THAT HONORS OUR NATION'S VETERANS AND AWARDS SCHOLARSHIPS TO ANY CHILD WHO IS A JUNIOR IN HIGH SCHOOL THROUGH 5TH YEAR SENIOR IN COLLEGE AND A DIRECT DESCENDANT OF SOMEONE WHO HAS SERVED IN ANY OF THE MAJOR BRANCHES OF MILITARY. IN 2023, $51,000 IN SCHOLARSHIPS WERE AWARDED TO 17 YOUNG MEN AND WOMEN. SINCE 2018, 77 SCHOLARSHIPS HAVE BEEN AWARDED TOTALING $191,000.THERE ARE CURRENTLY 19 SCHOLARSHIPS THAT HAVE YET TO BE REDEEMED TOTALING $55,600. THESE SCHOLARSHIPS WILL BE PAID WITHIN THREE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly M Gibson Chairman | OfficerTrustee | 15 | $0 |
James Hingle President | OfficerTrustee | 1 | $0 |
Steve Sawyer Vice President | OfficerTrustee | 1 | $0 |
Elizabeth P Gibson Secretary/treasurer | OfficerTrustee | 4 | $0 |
Ken Friend Jr Director | Trustee | 1 | $0 |
Patrick Cawthorne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,268 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,759 |
| Total Program Service Revenue | $185,603 |
| Investment income | $40,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,733 |
| Net Income from Fundraising Events | $43,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,997 |
| Grants and other assistance to domestic individuals. | $55,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,388 |
| Compensation of current officers, directors, key employees. | $5,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,731 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $44,077 |
| Office expenses | $2,473 |
| Information technology | $6,779 |
| Royalties | $0 |
| Occupancy | $24,989 |
| Travel | $9,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,268 |
| All other expenses | $0 |
| Total functional expenses | $536,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $795,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,108 |
| Investments—publicly traded securities | $394,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,201,904 |
| Accounts payable and accrued expenses | $57,198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,198 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,144,706 |
| Total liabilities and net assets/fund balances | $1,201,904 |
Grants Awarded
Over the last fiscal year, The Kelly Gibson Foundation has awarded $94,884 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UDT-SEAL ASSOCIATION PURPOSE: TO ASSIST WITH VETERAN SUPPORT PROGRAMS. | $15,000 |
CHRIST EPISCOPAL SCHOOL PURPOSE: TO ASSIST THE SCHOOL BY BUILDING A PUTTING GREEN TO SUPPORT THE CHRIST EPISCOPAL GOLF TEAM. | $79,884 |