Gb Foundation Inc
- Assets
- $590.9k
- Revenue
- $62.3k
- Investments
- $585.2k
- Employees
- 0
- Location
- Somerset, KY
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 27-1393433
Organization Overview
Gb Foundation Inc is located in Somerset, KY. The organization was established in 2013. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gb 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 12/2021, Gb Foundation Inc generated $62.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $46.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gb Foundation Inc has awarded 78 individual grants totaling $682,247. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - JUST DONATIONS TO CHARITABLE OR RELIGIOUS ORGANIZATONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Godby Chairman | 0 | $0 | |
Lawrence J Botzman Director | 0 | $0 | |
Janet Godby Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,713 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,279 |
| Capital Gain Net Income | $8,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,175 |
| Contributions, gifts, grants paid | $42,200 |
| Total expenses and disbursements | $46,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,756 |
| 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 | $590,931 |
| 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, Gb Foundation Inc has awarded $42,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS | $18,000 |
Fort Myers, FL PURPOSE: RELIGIOUS | $5,000 |
Boone, NC PURPOSE: RELIGIOUS | $4,500 |
STARTING RIGHT NOW PURPOSE: ENDING HOMELESSNESS | $3,000 |
Frankfort, KY PURPOSE: RELIGIOUS | $3,000 |
FRIENDSHIP COMMUNITY CHURCH PURPOSE: RELIGIOUS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Galesburg Community Foundation Galesburg, IL | $41,357,933 | $5,623,656 |
Dismas Charities Properties Inc Louisville, KY | $71,077,691 | $7,449,643 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Iba Foundation Inc Indianapolis, IN | $12,440,961 | $2,236,680 |