Gumball Foundation
- Assets
- $27.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2014
- Data as of
- 12/2017
- EIN
- 45-2531481
Organization Overview
Gumball Foundation is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gumball Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
THE GUMBALL FOUNDATION SEEKS TO FOSTER THE NEXT GENERATION OF SOCIAL ENTREPRENEURS BY EQUIPPING THEM WITH THE TOOLS AND EQUIPMENT TO START A VENTURE. EARLY ON, WE TEACH STUDENTS TO BECOME STAKEHOLDERS IN THEIR FUTURE BY SELLING PRODUCTS THROUGH VENDING MACHINES, INSTEAD OF DRUGS. THROUGH INCENTIVES AND GOOD ACADEMIC GRADES, STUDENTS EXCHANGE THEIR ACADEMIC GRADES FOR AN OPPORTUNITY OF HAVING A SPACE TO PUT HIS/HER VENDING MACHINES AND EARN MONEY FOR COLLEGE. THE STUDENTS ENGAGE IN THEIR COMMUNITIES WITH A STRONG MISSION OF SELF-IMPROVEMENT, ALLOWING THEM TO GAIN PRIDE IN THEIR BLIGHTED COMMUNITIES WHILE WALKING THEIR STREETS IN A POSITIVE WAY AND ENGAGING WITH LOCAL AND CORPORATE BUSINESS INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezequiel Olvera President & CEO | 40 | $0 | |
Daisy Rios Director | 0 | $0 | |
Ronald Getty Director | 0 | $0 | |
Richard Zelaya Director | 0 | $0 | |
Roxana Godinez Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,975 |
| 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 | $23,975 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,793 |
| Total expenses | $22,793 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,182 |
| Other assets | $0 |
| Total assets | $27,182 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,182 |