The Gb Foundation
- Assets
- $1.4m
- Revenue
- $143.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Sunbury, PA
- Founding
- 01/2006
- Data as of
- 12/2023
- 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 12/2023, Gb Foundation generated $143.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $234.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gb Foundation has awarded 20 individual grants totaling $958,000. 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 | $1,674 |
| Dividends & Interest | $50,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,325 |
| Capital Gain Net Income | $91,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,936 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,518 |
| Contributions, gifts, grants paid | $225,000 |
| Total expenses and disbursements | $234,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,222 |
| 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 | $1,405,027 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Gb Foundation has awarded $225,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE LOYOLA SCHOOL PURPOSE: LOYOLA SCHOOL CAPITAL CAMPAIGN | $25,000 |
UNION OF ORTHODOX JEWISH CONGREGATIONS OF AMERICA PURPOSE: JEWISH LEARNING INITIATIVE ON CAMPUS (JLIC MICHIGAN-GENERAL DONATION) | $50,000 |
SUSQUEHANNA UNIVERSITY PURPOSE: SIGFRIED WEIS GRANT SWSB OUTSTANDING FACULTY, SIGFRIED WEIS PRIZE SWSB OUTSTANDING STUDENT, & SIGFRIED WEIS SPEAKERS FUND | $125,000 |
UNION OF ORTHODOX JEWISH CONGREGATIONS OF AMERICA PURPOSE: JEWISH LEARNING INITIATIVE ON CAMPUS. JLIC-JLIC CHESED FUND | $25,000 |