Gastonia Police Foundation Inc
- Assets
- $161.7k
- Revenue
- $54.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 11/2009
- Data as of
- 06/2022
- EIN
- 26-4509829
Organization Overview
Gastonia Police Foundation Inc is located in Gastonia, NC. The organization was established in 2009. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gastonia Police 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 06/2022, Gastonia Police Foundation Inc generated $54.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $33.9k during the year ending 06/2022. While expenses have increased by 13.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IN PARTNERSHIP WITH THE GASTONIA POLICE, THE FOUNDATION STRIVES TO HELP PROMOTE THE DEPARTMENT'S MISSION OF "PROTECTING, SERVING AND ENHANCING THE QUALITY OF LIFE FOR ALL" IN GASTONIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOP WITH A COP - LOCAL POLICE OFFICERS TAKING UNDERPRIVILEGED CHILDREN FROM THE COMMUNITY CHRISTMAS SHOPPING.
GENERAL LAW ENFORCEMENT AND COMMUNITY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Gibson President | OfficerTrustee | 2 | $0 |
Sheree Pruett Vice Preside | OfficerTrustee | 2 | $0 |
Bob Spencer Secretary | OfficerTrustee | 2 | $0 |
Stephen B Driscoll Treasurer | OfficerTrustee | 2 | $0 |
David Conner Director | Trustee | 1 | $0 |
Wesley Styers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,286 |
| Total Program Service Revenue | $7,228 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133 |
| Advertising and promotion | $0 |
| Office expenses | $1,197 |
| Information technology | $245 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $3,010 |
| Total functional expenses | $33,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,678 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $161,678 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $161,678 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gastonia Police Foundation Inc has recieved totaling $355.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Bar Foundation Inc Columbia, SC | $13,847,134 | $7,249,403 |
Tennessee Bar Foundation Nashville, TN | $11,655,415 | $1,860,355 |
National Center For Police Defense Inc Fairfax, VA | $156,728 | $1,250,517 |
Irondog K9 International Inc McDonough, GA | $765,128 | $1,651,128 |
Nashville Community Bail Fund Nashville, TN | $1,312,348 | $309,922 |
Greater Richmond Bar Foundation Richmond, VA | $304,120 | $287,963 |
Tennessee Fraternal Order Of Police Charitable Foundation Clarksville, TN | $172,171 | $137,152 |
Winston Salem Police Foundation Winstonsalem, NC | $272,386 | $44,688 |
Georgia Elks Charities Inc Griffin, GA | $586,715 | $148,595 |
Change 4 Georgia Duluth, GA | $8,902 | $0 |
Chesterfield County Police Foundation Inc Chesterfield, VA | $822,935 | $159,372 |
Gastonia Police Foundation Inc Gastonia, NC | $161,678 | $54,627 |