George E Gordy Family Educational Trust Fund
- Assets
- $1.3m
- Revenue
- $37.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/1985
- Data as of
- 06/2023
- EIN
- 22-2561832
Organization Overview
George E Gordy Family Educational Trust Fund is located in Wilmington, DE. The organization was established in 1985. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George E Gordy Family Educational Trust Fund 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 06/2023, George E Gordy Family Educational Trust Fund generated $37.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $75.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, George E Gordy Family Educational Trust Fund has awarded 50 individual grants totaling $156,312. 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 | $1,242 |
| Dividends & Interest | $47,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,640 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,055 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,200 |
| Total operating and administrative expenses | $28,399 |
| Contributions, gifts, grants paid | $47,000 |
| Total expenses and disbursements | $75,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,665 |
| 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 | $928,475 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,157 |
| Total assets | $1,252,773 |
| 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, George E Gordy Family Educational Trust Fund has awarded $47,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY PURPOSE: EDUCATION | $3,000 |
TUFTS UNIVERSITY PURPOSE: EDUCATION | $2,000 |
UNIVERSITY OF BRIDGEPORT PURPOSE: EDUCATION | $2,000 |
UNIVERSITY OF NEW HAVEN PURPOSE: EDUCATION | $2,000 |
LEBANON VALLEY COLLEGE PURPOSE: EDUCATION | $2,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATION | $3,000 |