Gb Foundation Inc
- Assets
- $492.8k
- Revenue
- -$6.2k
- Investments
- $445.5k
- Employees
- 0
- Location
- Somerset, KY
- Founding
- 01/2013
- Data as of
- 12/2022
- 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.
Since 2015, Gb Foundation Inc has awarded 84 individual grants totaling $784,547. 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
2022
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 |
|---|---|---|---|
Janet Godby President, D | 0 | $0 | |
Melvin Godby Chairman, Di | 0 | $0 | |
Lawrence J Botzman Treasurer, D | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,297 |
| Capital Gain Net Income | $1,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$6,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $516 |
| Total operating and administrative expenses | $4,411 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $91,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,291 |
| 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 | $492,822 |
| 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 $87,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BILLY GRAHAM PURPOSE: RELIGIOUS | $3,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS | $24,000 |
FRIENDSHIP COMMUNITY CHURCH PURPOSE: RELIGIOUS | $3,000 |
SAMARITANS PURSE PURPOSE: RELIGIOUS | $5,500 |
STARTING RIGHT NOW PURPOSE: ENDING HOMELESSNESS | $2,500 |
MILLVILLE CHRISTIAN CHURCH PURPOSE: RELIGIOUS | $3,000 |