Gax Insurance Education Foundation Inc
- Assets
- $342.7k
- Revenue
- $30.2k
- Investments
- $284.9k
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 09/2013
- Data as of
- 12/2020
- EIN
- 46-2380055
Organization Overview
Gax Insurance Education Foundation Inc is located in Springfield, MA. The organization was established in 2013. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gax Insurance Education Foundation 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 12/2020, Gax Insurance Education Foundation Inc generated $30.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $224.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gax Insurance Education Foundation Inc has awarded 11 individual grants totaling $340,826. 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 |
|---|---|---|---|
Greg Mcroberts Clerk/director | 0.75 | $0 | |
Paul Fox President/director | 0.75 | $0 | |
Michael P Ryan Director | 0.75 | $0 | |
Marilyn Kelleher Director | 0.25 | $0 | |
Joseph Dileo Treasurer/director | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,326 |
| Capital Gain Net Income | $20,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,362 |
| Total operating and administrative expenses | $14,173 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $224,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,555 |
| 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 | $213 |
| Total assets | $342,703 |
| 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, Gax Insurance Education Foundation Inc has awarded $210,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FINSECAGAMA FOUNDATION PURPOSE: PRODUCE EDUCATION RESOURCES FOR FIELD LEADERS IN INSURANCE AND FINANCIAL SERVICES | $187,500 |
THE AMERICAN COLLEGE OF FINANCIAL SERVICES PURPOSE: FINANCIAL EDUCATION FOR SECURITIES, BANKING AND INSURANCE PROFESSIONALS | $12,500 |
New Brunswick, NJ PURPOSE: PROVIDE MEDICAL EDUCATION FOR HEALTH CARE PROFESSIONALS AND RESEARCH AND CLINICAL CARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Planned Parenthood Action Fund Inc New York, NY | $10,201,758 | $35,671,884 |
Monroe Plan For Medical Care Inc Pittsford, NY | $126,451,300 | $24,457,288 |
Alliance Health Services Manchester, NH | $2,953,026 | $17,372,223 |
Patientrightsadvocate Org Inc Newton, MA | $16,831,821 | $23,214,386 |
Health Leads Inc Boston, MA | $7,390,477 | $12,819,904 |
North Country Healthcare Inc Whitefield, NH | $3,297,109 | $7,107,750 |
National Latina Institute For Reproductive Justice New York, NY | $9,926,135 | $6,374,361 |
Health Care For All Inc Boston, MA | $7,303,569 | $5,595,389 |
Hospital Association Of Rhode Island Providence, RI | $1,648,804 | $2,589,217 |
New Hampshire Hospital Association Concord, NH | $4,512,482 | $2,616,289 |
Needymeds Inc Gloucester, MA | $906,653 | $2,079,796 |
Health Equity Solutions Inc Hartford, CT | $981,432 | $1,949,718 |