The Golden Gate Restaurant Assoc Scholarship And Education Foundati
- Assets
- $428.3k
- Revenue
- $16.2k
- Investments
- $248.9k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 23-7012819
Organization Overview
The Golden Gate Restaurant Assoc Scholarship And Education Foundati is located in San Francisco, CA. The organization was established in 1969. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Gate Restaurant Assoc Scholarship And Education Foundati 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, Golden Gate Restaurant Assoc Scholarship And Education Foundati generated $16.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES ARE LIMITED TO AWARDING EDUCATIONAL GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rubenstein Trustee | 0.5 | $0 | |
Mariann Costello Trustee | 0.5 | $0 | |
Jeff Jones Trustee | 0.5 | $0 | |
Elliot Katz Trustee | 0.5 | $0 | |
Jennifer Rudd Trustee | 0.5 | $0 | |
Martino Di Grande Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,667 |
| Dividends & Interest | $8,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $649 |
| Total operating and administrative expenses | $2,380 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $52,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $179,452 |
| 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 | $428,339 |
| 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 Golden Gate Restaurant Assoc Scholarship And Education Foundati has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE BREAD PROJECT PURPOSE: CULINARY TRAINING GRANT | $15,000 |
CITY COLLEGE SAN FRANCISCO-CULINARY PURPOSE: HOSPITALITY PROGRAM GRANT | $10,000 |
THE SALVATION ARMY PURPOSE: CULINARY TRAINING GRANT | $15,000 |
USF SCHOOL OF HOSPITALITY MGMT PURPOSE: CULINARY TRAINING GRANT | $10,000 |