G & B Foundations Inc
- Assets
- $12.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 06/2007
- Data as of
- 10/2023
- EIN
- 41-2218138
Organization Overview
G & B Foundations Inc is located in Bronx, NY. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G & B Foundations 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 10/2023, G & B Foundations Inc generated $27.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $25.0k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Benfield President | 20 | $0 | |
Beverly Wheeler Secretary | 5 | $0 | |
Lottie Tann Treasurer | 5 | $0 | |
Ann Lindsey Advisor | 1 | $0 | |
Annette Merritt Executive Commitee Mbr | 1 | $0 | |
Sandra Walters Executive Commitee Mbr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,664 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,664 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,140 |
| Other expenses | $16,045 |
| Total expenses | $25,016 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,399 |
| Other assets | $0 |
| Total assets | $12,399 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,399 |