Good Gifts Foundation
- Assets
- $252.5k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-2049616
Organization Overview
Good Gifts Foundation is located in Coral Gables, FL. The organization was established in 2012. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Gifts 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 12/2022, Good Gifts Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Good Gifts Foundation has awarded 65 individual grants totaling $649,076. 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
THE GOOD GIFTS FOUNDATION PROVIDES FUNDS TO OR FOR THE BENEFIT OF ONE OR MORE INDIGENT INDIVIDUALS FOR BASIC NEEDS, INCLUDING, BUT NOT LIMITED TO, FOOD, CLOTHING AND SHELTER, AND TO ONE OR MORE ORGANIZATIONS. IN ADDITION, THE FOUNDATION GROWS "GREEN" PRODUCE AND LIVESTOCK BY USING AN ENVIRONMENTALLY FRIENDLY FARMING APPROACH AND DONATES SUCH ITEMS TO INDIGENT INDIVIDUALS. DURING THE YEAR THE FOUNDATION DONATED 220 POUNDS OF BEEF AND 740 POUNDS OF FRESH PRODUCE TO ORGANIZATIONS THAT FEED INDIGENT INDIVIDUALS. THE FOOD WAS FARMED BY THE FOUNDATION AND HAD A MARKET VALUE OF $3,176 OF WHICH $1,295 IS INCLUDED IN PART I, LINE 25, AND $1,881 IS REPORTED ON LINE 23, COLUMN D. LASTLY, THE FOUNDATION PROVIDES EDUCATIONAL PROGRAMS, AT NO COST, TO CHILDREN AND ADULTS REGARDING THEIR ENVIRONMENTALLY FRIENDLY FARMING APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Kohan President & Director | 2 | $0 | |
Norma M Castillo Secretary & Director | 2 | $0 | |
Dora Somma Treasurer & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,326,624 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $200,224 |
| Other Income | $0 |
| Total Revenue | $2,526,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,475,654 |
| Pension plans, employee benefits | $65,507 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $42,569 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $678,429 |
| Total operating and administrative expenses | $2,422,846 |
| Contributions, gifts, grants paid | $75,696 |
| Total expenses and disbursements | $2,498,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,469 |
| 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 | $252,469 |
| 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, Good Gifts Foundation has awarded $75,696 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES BUREAU INC PURPOSE: CONTRIBUTION TO GENERAL FUND OF FARM WORKERS MINISTRY PROGRAM | $12,000 |
FEEDING NORTHEAST FLORIDA PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,400 |
GENEVIEVE WOOLSEY PURPOSE: ASSIST WITH HARDSHIP EXPENSES | $12,000 |
MY FATHER'S STOREHOUSE PURPOSE: FOOD DONATION | $578 |
SOUTH PUTNAM CHRISTIAN SERVICES CENTER PURPOSE: CONTRIBUTION TO GENERAL FUND | $24,000 |
SOUTH PUTNAM CHURCH PURPOSE: CONTRIBUTION TO GENERAL FUND | $12,000 |