Gsgn Foundation
- Assets
- $210.5k
- Revenue
- $17.0k
- Investments
- $196.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-1616193
Organization Overview
Gsgn Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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. Gsgn Foundation 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, Gsgn Foundation generated $17.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gsgn Foundation has awarded 52 individual grants totaling $104,793. 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 |
|---|---|---|---|
Gabriel C Lam Pres, Dir, Sec | 1 | $0 | |
Sharon Lam Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124 |
| Dividends & Interest | $9,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,507 |
| Capital Gain Net Income | $10,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $402 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,527 |
| Total operating and administrative expenses | $12,127 |
| Contributions, gifts, grants paid | $23,628 |
| Total expenses and disbursements | $35,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,760 |
| 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 | $210,483 |
| 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, Gsgn Foundation has awarded $23,628 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PALOS VERDES PENINSULA EDUCATION FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $4,500 |
LOVE WITHOUT BOUNDARIES FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
A KAMIYAMA PURPOSE: HARDSHIP ASSISTANCE GRANT | $3,000 |
PALOS VERDES PENINSULA HIGH SCHOOL ATHLETIC BOOSTE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Menifee, CA PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Rllng Hls Est, CA PURPOSE: GENERAL & UNRESTRICTED | $2,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |
The Nicholas J And Anna K Bouras Summit, NJ | $115,819,881 | $10,500,209 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Kennedy Krieger Foundation Inc Baltimore, MD | $94,709,715 | $9,828,353 |
Poise Foundation Pittsburgh, PA | $17,239,498 | $10,674,894 |
The Schechter Institutes Inc Jenkintown, PA | $4,883,553 | $6,382,140 |
The Fund For The School District Of Philadelphia Philadelphia, PA | $9,470,254 | $6,362,097 |