Josephine Herbert Gleis Foundation
- Assets
- $13.2m
- Revenue
- $816.9k
- Investments
- $12.8m
- Employees
- 0
- Location
- Corona Del Mar, CA
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 33-0876494
Organization Overview
Josephine Herbert Gleis Foundation is located in Corona Del Mar, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Josephine Herbert Gleis 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 12/2023, Josephine Herbert Gleis Foundation generated $816.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Josephine Herbert Gleis Foundation has awarded 267 individual grants totaling $6,038,500. 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 |
|---|---|---|---|
Gavin Herbert Jr Co-Trustee | 0.5 | $0 | |
Richard Hausman Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66,777 |
| Dividends & Interest | $299,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $342,274 |
| Capital Gain Net Income | $342,274 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,416 |
| Total Revenue | $816,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,398 |
| Total operating and administrative expenses | $204,783 |
| Contributions, gifts, grants paid | $935,000 |
| Total expenses and disbursements | $1,139,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $278,254 |
| 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 | $6,449,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,409 |
| Total assets | $13,173,459 |
| 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, Josephine Herbert Gleis Foundation has awarded $935,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH PURPOSE: GENERAL USE | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL USE | $25,000 |
BOY SCOUTS OF AMERICA - ORANGE COUNTY CHAPTER PURPOSE: GENERAL USE | $10,000 |
BRAILLE INSTITUTE PURPOSE: GENERAL USE | $10,000 |
CASA DE AMPARO PURPOSE: GENERAL USE | $50,000 |
CITY OF HOPE PURPOSE: SUPPORT JAMES WAISMAN ENDOWMENT FOR BREAST CANCER RESEARCH AND TREATMENT | $25,000 |