Garbar Family Foundation
- Assets
- $1.8m
- Revenue
- $96.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- El Paso, TX
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4800144
Organization Overview
Garbar Family Foundation is located in El Paso, TX. 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. Garbar 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Schwartz Secretary | 0 | $0 | |
Meyer Marcus Vice President | 0 | $0 | |
Gerald J Rubin President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,820 |
| Dividends & Interest | $38,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,730 |
| Capital Gain Net Income | $54,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,035 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,419 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $100,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309 |
| Savings and temporary cash investments | $36,529 |
| 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 | $1,488,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,779,300 |
| 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, Garbar Family Foundation has awarded $565,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS TECH UNIVERSITY HEALTH SCIENC PURPOSE: HEALTH SERVICES | $500,000 |
EL PASO JEWISH ACADEMY PURPOSE: GENERAL CHARITABLE | $40,000 |
CONGREGATION BNAI ZION PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |