The Gear Foundation Inc
- Assets
- $177.5k
- Revenue
- $20.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Franklin, TN
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 20-5480584
Organization Overview
The Gear Foundation Inc is located in Franklin, TN. The organization was established in 2008. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gear 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 12/2021, Gear Foundation Inc generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $112.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GEAR FOUNDATION ASSISTS IN MAINSTREAMING SPECIAL NEEDS YOUNG ADULTS BY PROVIDING THEM THE OPPORTUNITY TO WORK AND INTERACT IN A WARM AND FRIENDLY PUBLIC SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GEAR FOUNDATION ASSISTS IN MAINSTREAMING SPECIAL NEEDS YOUNG ADULTS BY PROVIDING THEM THE OPPORTUNITY TO WORK AND INTERACT IN A WARM AND FRIENDLY PUBLIC SETTING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Krikac Program Director | Trustee | 40 | $64,615 |
Dave Krikac Principal Officer | OfficerTrustee | 40 | $0 |
Nancy Tidwell Board Chair | OfficerTrustee | 2 | $0 |
Amanda Cecconi Director | Trustee | 1 | $0 |
Phil King Director | Trustee | 1 | $0 |
Andy Norwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,261 |
| Total Program Service Revenue | $15,352 |
| Investment income | $89 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,055 |
| Office expenses | $3,280 |
| Information technology | $1,066 |
| Royalties | $0 |
| Occupancy | $18,025 |
| Travel | $1,006 |
| 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 | $636 |
| All other expenses | $1,922 |
| Total functional expenses | $112,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,188 |
| Savings and temporary cash investments | $108,299 |
| 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 | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $177,488 |
| Accounts payable and accrued expenses | $1,329 |
| 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 | $1,329 |
| Net assets without donor restrictions | $176,159 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $177,488 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Gear Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Didlake Inc Manassas, VA | $83,729,100 | $98,283,544 |
Easter Seals North Georgia Inc Clarkston, GA | $16,338,473 | $35,024,605 |
Bobby Dodd Institute Inc Atlanta, GA | $15,439,617 | $18,957,191 |
Employment Solutions Inc Lexington, KY | $14,556,479 | $16,573,430 |
Community Alternatives Incorporated Norfolk, VA | $5,227,014 | $13,773,753 |
Eastern Carolina Vocational Center Inc Greenville, NC | $26,970,682 | $10,804,799 |
Portco Inc Suffolk, VA | $2,077,717 | $9,434,318 |
Park Center Nashville, TN | $31,811,535 | $21,739,362 |
Wiregrass Rehabilitation Center Inc Dothan, AL | $13,393,058 | $8,461,901 |
Johnston County Industries Inc Selma, NC | $6,782,486 | $8,118,141 |
Steps Inc Farmville, VA | $3,388,656 | $7,256,385 |
Durham Exchange Club Industries Inc Durham, NC | $24,396,757 | $5,688,631 |