The Kelly Gibson Foundation
- Assets
- $845.3k
- Revenue
- $647.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Mandeville, LA
- Founding
- 11/2005
- Data as of
- 12/2021
- 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 12/2021, Kelly Gibson Foundation employed 3 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 12/2021, Kelly Gibson Foundation generated $647.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $367.5k during the year ending 12/2021. 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
2021
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 CREATES A POSITIVE LEARNING EXPERIENCE THROUGH GOLF BY PROVIDING GOLF TOURNAMENTS THROUGHOUT THE YEAR.THE JUNIOR GOLF TOUR IS OPEN TO BOTH MALE AND FEMALE GOLFERS AGES 7-22. MEMBERS OF THE KGJGT (KELLY GIBSON JUNIOR GOLF TOUR) WILL COMPETE IN JUNIOR GOLF TOURNAMENTS THROUGHOUT NEW ORLEANS, LA AND THE GULF COAST REGION. THE ALLSTATE SUGAR BOWL TOMMY MOORE MEMORIAL JUNIOR GOLF CHAMPIONSHIP IS AN ANNUAL TOURNAMENT INVITING TOP-RANKED JUNIOR GOLFERS FROM ACROSS THE COUNTRY EACH HOLIDAY SEASON IN NEW ORLEANS, LOUISIANA.
DURING 2021, THE KELLY GIBSON JUNIOR GOLF TOUR AWARDED $22,000 IN COLLEGE SCHOLARSHIPS TO 12 PARTICIPANTS. SINCE 2010, 284 SCHOLARSHIPS VALUED AT APPROXIMATELY $655,800, HAVE BEEN AWARDED TO MEMBERS OF THE KGJGT THROUGH VARIOUS COMMUNITY PARTNERSHIPS. THESE SCHOLARSHIPS ARE GIVEN BASED ON COMMUNITY SERVICE, GRADE POINT AVERAGE, AND FINANCIAL NEED; NOT GOLFING ABILITY. MEMBERS OF THE KGJGT WHO ARE AT LEAST JUNIORS IN HIGH SCHOOL ARE ELIGIBLE TO APPLY.THE FOUNDATION PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS THAT SHARE OUR COMMITMENT IN HELPING THOSE WHO LIVE IN NEW ORLEANS AND THE SURROUNDING AREAS. DURING 2021, THE FOUNDATION GRANTED A TOTAL OF $6,055 TO VARIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Capouch Executive Director | Officer | 40 | $68,058 |
Celest Wilson Marketing Coordinator | Officer | 40 | $24,281 |
Allea Burge Resigned 2021 Marketing Director | Officer | 40 | $9,317 |
James Hingle President | OfficerTrustee | 1 | $0 |
Kelly M Gibson Chairman | OfficerTrustee | 15 | $0 |
Elizabeth P Gibson Secretary/treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,549 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,373 |
| Total Program Service Revenue | $130,005 |
| Investment income | $5,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,282 |
| Net Income from Fundraising Events | $64,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,055 |
| Grants and other assistance to domestic individuals. | $68,392 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,375 |
| Compensation of current officers, directors, key employees. | $3,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,326 |
| Fees for services: Other | $114 |
| Advertising and promotion | $26,604 |
| Office expenses | $3,066 |
| Information technology | $8,439 |
| Royalties | $0 |
| Occupancy | $22,877 |
| Travel | $5,189 |
| 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 | $7,309 |
| All other expenses | $0 |
| Total functional expenses | $367,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,719 |
| 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 | $276,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $845,284 |
| Accounts payable and accrued expenses | $44,189 |
| 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 | $44,189 |
| 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 | $801,095 |
| Total liabilities and net assets/fund balances | $845,284 |
Grants Awarded
Over the last fiscal year, The Kelly Gibson Foundation has awarded $94,884 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST EPISCOPAL SCHOOL PURPOSE: TO ASSIST THE SCHOOL BY BUILDING A PUTTING GREEN TO SUPPORT THE CHRIST EPISCOPAL GOLF TEAM. | $79,884 |
Virginia Beach, VA PURPOSE: TO ASSIST WITH VETERAN SUPPORT PROGRAMS. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Kelly Gibson Foundation has recieved totaling $156,000.
| Awarding Organization | Amount |
|---|---|
The Oscar J Tolmas Charitable Trust Metairie, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $73,000 |
Sugar Bowl Louisiana Superdome New Orleans, LA PURPOSE: TO SPONSOR THE TOMMY MOORE JUNIOR GOLF TOURNAMENT AND TO PROVIDE SCHOLARSHIPS TO DESERVING YOUTH GOLFERS, BASED ON PERFORMANCE AND COMMUNITY SERVICE. | $35,000 |
The Oscar J Tolmas Charitable Trust Metairie, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $30,000 |
Fore Kids Foundation Inc Avondale, LA PURPOSE: GENERAL ASSISTANCE | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |
Partnership With Native Americans Addison, TX | $31,954,909 | $29,203,956 |