Gods Gift
- Assets
- $54.3m
- Revenue
- $502.2k
- Investments
- $53.1m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 33-0831475
Organization Overview
Gods Gift is located in San Diego, CA. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gods Gift 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, Gods Gift generated $502.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gods Gift has awarded 621 individual grants totaling $17,266,100. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Bartlett President | 20 | $73,000 | |
Daniel Lovaas Cfo/secretary | 25 | $60,833 | |
Laura Lovaas Director | 4 | $0 | |
Theresa Bell Director | 4 | $0 | |
Christine Lovaas Knuttila Director | 4 | $0 | |
Cindy Westwood Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,498,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,026,603 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,000 |
| Total Revenue | $502,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,833 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,627 |
| Total operating and administrative expenses | $609,548 |
| Contributions, gifts, grants paid | $2,029,700 |
| Total expenses and disbursements | $2,639,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,113,493 |
| 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 | $33,560 |
| Total assets | $54,258,844 |
| 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, Gods Gift has awarded $2,029,700 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
40 DAYS FOR LIFE PURPOSE: GENERAL SUPPORT | $2,000 |
AGNUS DEI FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
AGNUS DEI FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
ANVIL OF HOPE PURPOSE: GENERAL SUPPORT | $1,000 |
ANVIL OF HOPE PURPOSE: GENERAL SUPPORT | $1,500 |
BEAR VALLEY COMMUNITY CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |