Gorecki Family Foundation
- Assets
- $1.9m
- Revenue
- $387.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 03/2014
- Data as of
- 06/2024
- EIN
- 46-0573768
Organization Overview
Gorecki Family Foundation is located in Glastonbury, CT. The organization was established in 2014. 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. Gorecki Family 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 06/2024, Gorecki Family Foundation generated $387.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $384.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gorecki Family Foundation has awarded 19 individual grants totaling $1,110,500. 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 |
|---|---|---|---|
Thomas Gorecki Trustee | 1 | $0 | |
Melissa Scavetta Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $232 |
| Dividends & Interest | $79,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $308,454 |
| Capital Gain Net Income | $308,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $387,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,067 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $384,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,845 |
| 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 | $573 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,676,524 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,927,049 |
| 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, Gorecki Family Foundation has awarded $355,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES | $50,000 |
NEW HORIZONS FOUNDATION PURPOSE: GENERAL PURPOSE | $300,000 |
STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |