The Gb Foundation
- Assets
- $1.5m
- Revenue
- $43.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sunbury, PA
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-6686325
Organization Overview
The Gb Foundation is located in Sunbury, PA. The organization was established in 2006. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gb 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, Gb Foundation generated $43.5k 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 (16.5%) each year. All expenses for the organization totaled $133.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gb Foundation has awarded 12 individual grants totaling $608,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $43,452 |
| 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 | $43,488 |
| 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 | $0 |
| Total operating and administrative expenses | $7,505 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $133,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,243 |
| 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 | $1,536,770 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,250 |
| Total liabilities | $2,250 |
Grants Awarded
Over the last fiscal year, The Gb Foundation has awarded $126,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN - UM ISRAEL PARTNERSHIP PURPOSE: JEWISH LIFE AND LEARNING | $50,000 |
Washington, DC PURPOSE: ACQUIRE PLANATARIUM/SOFTWARE | $36,000 |
Sunbury, PA PURPOSE: DENTAL HEALTH | $25,000 |
Cedarhurst, NY PURPOSE: AID IN EDUCATIONAL FUNDING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A Kid Again Inc Columbus, OH | $4,676,072 | $6,585,940 |
Sheetz Family Charities Inc Altoona, PA | $8,145,405 | $4,240,002 |
Ryans Case For Smiles Wayne, PA | $1,412,033 | $1,300,303 |
Clothes That Work Dayton, OH | $853,719 | $1,373,672 |
Center Of Hope Family Services Inc Toledo, OH | $281,129 | $1,208,489 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Global Hands Inc Odenton, MD | $542,883 | $827,002 |
Donation Nation Inc Gaithersburg, MD | $20,416 | $749,090 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Balakian Family Foundation Tenafly, NJ | $0 | -$1,634 |