Max L Gibson & Jacqueline Gibson Foundation
- Assets
- $4.7m
- Revenue
- $2.6m
- Investments
- $1.9m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 05/1985
- Data as of
- 11/2023
- EIN
- 35-6417568
Organization Overview
Max L Gibson & Jacqueline Gibson Foundation is located in Terre Haute, IN. The organization was established in 1985. 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. Max L Gibson & Jacqueline Gibson 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 11/2023, Max L Gibson & Jacqueline Gibson Foundation generated $2.6m in total revenue. All expenses for the organization totaled $193.8k during the year ending 11/2023. While expenses have increased by 19.0% per year over the past 4 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.
Since 2020, Max L Gibson & Jacqueline Gibson Foundation has awarded 335 individual grants totaling $640,798. 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 |
|---|---|---|---|
Terre Haute Savings Bank Agent | 1 | $0 | |
Max Gibson Foundation Mana | 1 | $0 | |
Gregory Gibson Foundation Mana | 1 | $0 | |
Jami Patterson Foundation Mana | 1 | $0 | |
Lisa Gibson Foundation Mana | 1 | $0 | |
Jill Short Foundation Mana | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,462,189 |
| Interest on Savings | $26,167 |
| Dividends & Interest | $119,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,553 |
| Capital Gain Net Income | $1,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,973 |
| Total Revenue | $2,616,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,667 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,688 |
| Total operating and administrative expenses | $5,530 |
| Contributions, gifts, grants paid | $188,250 |
| Total expenses and disbursements | $193,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,795,004 |
| 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 | $204,112 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,655,110 |
| 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, Max L Gibson & Jacqueline Gibson Foundation has awarded $188,250 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
14TH AND CHESTNUT COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $500 |
BEREAN BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $200 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $1,000 |
CAMPUS MINISTRY USA PURPOSE: GENERAL SUPPORT | $4,000 |
CATHOLIC CHARITIES OF TERRE HAUTE PURPOSE: GENERAL SUPPORT | $500 |
CLAY COUNTY HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $5,200 |