Lewis M Gabbe Foundation Inc
- Assets
- $1.5m
- Revenue
- $81.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Brielle, NJ
- Founding
- 04/1977
- Data as of
- 02/2024
- EIN
- 22-2130042
Organization Overview
Lewis M Gabbe Foundation Inc is located in Brielle, NJ. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewis M Gabbe 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 02/2024, Lewis M Gabbe Foundation Inc generated $81.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $99.1k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lewis M Gabbe Foundation Inc has awarded 422 individual grants totaling $890,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Mortenson Trustee | 0.75 | $5,000 | |
James G Mortenson Trustee | 1 | $8,000 | |
Peter D Mortenson Trustee | 0.25 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,920 |
| Dividends & Interest | $28,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,288 |
| Capital Gain Net Income | $30,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| 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 | $10,290 |
| Total operating and administrative expenses | $30,090 |
| Contributions, gifts, grants paid | $69,000 |
| Total expenses and disbursements | $99,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,528 |
| 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 | $866,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,532,813 |
| 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, Lewis M Gabbe Foundation Inc has awarded $69,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE FELLOWSHIP PURPOSE: GENERAL OPERATING FUND | $5,000 |
THE KINGS DAUGHTERS PURPOSE: GENERAL OPERATING FUND | $1,000 |
ST PETERS PREP PURPOSE: GENERAL OPERATING FUND | $4,000 |
FURNITURE ASSIST PURPOSE: GENERAL OPERATING FUND | $1,000 |
MONTCLAIR AMBULANCE PURPOSE: GENERAL OPERATING FUND | $1,000 |
AMERICAN ACADEMY OF PERIODONTOLOGY PURPOSE: GENERAL OPERATING FUND | $500 |