Gackstatter Foundation Inc
- Assets
- $1.3m
- Revenue
- $64.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Hillsborough, NJ
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 22-3504051
Organization Overview
Gackstatter Foundation Inc is located in Hillsborough, NJ. The organization was established in 1997. 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. Gackstatter 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.
Since 2016, Gackstatter Foundation Inc has awarded 62 individual grants totaling $640,477. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO AID CHARITABLE ORGANIZATIONS AND INSTITUTIONS WHOSE PURPOSE IS FOR THE FURTHERANCE OF CHARITABLE, RELIGIOUS, SCIENTIFIC, EDUCATIONAL, LITERARY AND CULTURAL PURPOSES . TO ISSUE AWARDS TO INDIVIDUALS WHICH ARE INTENDED FOR THE PURPOSE OF PROMOTING AND SUPPORTING UNDERGRADUATE AND POST GRADUATE EDUCATION AS WELL AS THE ACHIEVEMENT OF SPECIFIC OBJECTIVES SUCH AS THE PROMOTION OF A REPORT OR SIMILAR PRODUCT, TO IMPROVE OR ENHANCE A LITERARY, ARTISTIC, MUSICAL, SCIENTIFIC, TEACHING OR SIMILAR CAPACITY, SKILL OR TALENT OF THE RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renate Maley President | 2 | $0 | |
Karen Gackstatter Vice President | 2 | $0 | |
Christian Gackstatter Treasurer | 2 | $0 | |
Jaclyn Neuwirth Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,539 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,212 |
| Capital Gain Net Income | $27,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,751 |
| 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 | $13,698 |
| Total operating and administrative expenses | $13,698 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $101,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,670 |
| Savings and temporary cash investments | $0 |
| 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 | $1,265,303 |
| 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, Gackstatter Foundation Inc has awarded $88,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAS GROW-A-ROW PURPOSE: TO PROVIDE FUNDS TO HELP FIGHT HUNGER | $30,000 |
ST JUDE PURPOSE: CHILDHOOD CANCER HELP | $10,000 |
THE CENTER SCHOOL PURPOSE: TO AID STUDENTS WITH DISABILITIES | $17,000 |
SOURLAND CONSERVATORY PURPOSE: TO SAVE THE FORESTS AND WETLANDS | $16,000 |
CARMEL CONNECTION FOUNDATION PURPOSE: TO PROVIDE AID TO INNER CITY STUDENTS | $5,000 |
THE HIGHLANDS NATURE FRIENDS INC PURPOSE: TO PRESERVE NATURE | $10,000 |