Goldring Family Foundation Inc
- Assets
- $21.7m
- Revenue
- $1.1m
- Investments
- $14.9m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 22-3407792
Organization Overview
Goldring Family Foundation Inc is located in Palm Beach, FL. The organization was established in 1996. 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. Goldring Family 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 12/2022, Goldring Family Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Goldring Family Foundation Inc has awarded 14 individual grants totaling $7,525,087. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary F Goldring President\treasurer\director | 0 | $0 | |
Rebecca Goldring Director | 0 | $0 | |
Gregory Goldring Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $549 |
| Dividends & Interest | $94,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,852 |
| Capital Gain Net Income | $2,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,045,241 |
| Total Revenue | $1,142,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $695 |
| Total operating and administrative expenses | $29,695 |
| Contributions, gifts, grants paid | $1,022,194 |
| Total expenses and disbursements | $1,051,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,840,232 |
| 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 | $12,950,775 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,729,003 |
| 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, Goldring Family Foundation Inc has awarded $1,022,194 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NAMES SEE ATTACHED SCHEDULE #1 PURPOSE: THE PURPOSE OF THE CASH CONTRIBUTIONS IS TO AID EACH DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION. | $697,194 |
GREAT HOLLOW MANAGEMENT INC PURPOSE: THE PURPOSE OF THE CASH CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION. | $325,000 |