Gasol Foundation
- Assets
- $151.7k
- Revenue
- $674.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 11/2014
- Data as of
- 08/2023
- EIN
- 47-1155758
Organization Overview
Gasol Foundation is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Gasol Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gasol 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 08/2023, Gasol Foundation generated $674.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $565.1k during the year ending 08/2023. While expenses have increased by 18.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE CHILDHOOD OBESITY RATES THROUGH THE PROMOTION OF HEALTHY HABITS TO CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALACTIC SPORTS - GASOL FOUNDATION PROGRAMS THAT USES SPORTS AND PHYSICAL ACTIVITY TO PROMOTE HEALTHY LIFESTYLES AND FUNDAMENTAL VALUES TO AT-RISK YOUTH.
COMMUNITY WELLNESS IS A COMMUNITY-BASED PROGRAM FOR CHILDREN AND THEIR PARENTS. THE GOAL OF COMMUNITY WELLNESS IS TO REDUCE RISK OF CHILDHOOD OBESITY BY TEACHING BASIC HEALTHY HABITS: DIET, PHYSICAL ACTIVITY, SLEEP, AND EMOTIONAL WELL-BEING.
ENERGY - HEALTH AND WELLNESS CAMP IS A SUMMER CAMP IN PARTNERSHIP WITH THE YMCA. KIDS TRAVEL THE "HEALTHY GALAXY" THROUGH AN 8 WEEK SUMMER CAMP PROGRAM WHERE THEY LEARN ABOUT HEALTHY EATING, PHYSICAL ACTIVITY AND SPORT, SLEEP QUALITY AND DURATION AND EMOTIONAL WELL-BEING. THE PROGRAM SERVED OVER 400 KIDS AGES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pau Gasol Director/president | OfficerTrustee | 2 | $0 |
Marc Gasol Director/vice President | OfficerTrustee | 2 | $0 |
Michele Chan Soon-Shiong Director | Trustee | 1 | $0 |
Bobby J Turner Director (until 12/22) | Trustee | 1 | $0 |
Dr Martha Molina Bernadett Director | Trustee | 1 | $0 |
Hector DE La Torre Executive Director (until 7/23) | Officer | 40 | $120,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $674,238 |
| Noncash contributions included in lines 1a–1f | $75,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,238 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,033 |
| Compensation of current officers, directors, key employees. | $17,828 |
| Compensation to disqualified persons | $201,464 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,000 |
| Payroll taxes | $29,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,721 |
| Fees for services: Accounting | $19,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,335 |
| Advertising and promotion | $9,390 |
| Office expenses | $12,447 |
| Information technology | $2,194 |
| Royalties | $0 |
| Occupancy | $12,908 |
| Travel | $6,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,685 |
| All other expenses | $11,910 |
| Total functional expenses | $565,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $151,693 |
| Total liabilities and net assets/fund balances | $151,693 |
Grants Awarded
Over the last fiscal year, Gasol Foundation has awarded $8,450 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF LOS ANGELES PURPOSE: TO ALLOW THE ORGANIZATION TO CARRY OUT THEIR ASSISTANCE OF OTHERS | $8,450 |