Jerry Alexander Gorman Foundation
- Assets
- $259.4k
- Revenue
- $6.7k
- Investments
- $241.0k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-2681556
Organization Overview
Jerry Alexander Gorman Foundation is located in Austin, TX. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerry Alexander Gorman 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 12/2021, Jerry Alexander Gorman Foundation generated $6.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO BEAUTY CHANGES LIVES TO EMPOWER INDIVIDUALS WITH MENTORSHIP INSPIRATION AND SCHOLARSHIPS IN THE FIELD OF COSMETOLOGY.
DONATION TO THE NOBELITY PROJECT TO PROVIDE GLOBAL SCHOLARSHIPS TO BRIDGE THE GAP IN EDUCATION IN COMMUNITIES AROUND THE WORLD.
DONATION TO CAPITAL FUND FOR EDUCATION TO PROVIDE RESOURCES FOR HOMELESS AND AT-RISK YOUTH TO BEAT THE ODDS AND GET A QUALITY EDUCATION.
DONATION TO FOUNDATION COMMUNITIES TO PROVIDE AFFORDABLE HOUSING WITH ON-SITE SUPPORT SERVICES IN THE AREAS OF EDUCATION FINANCIAL STABILITY AND HEALTH.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $135 |
| Total operating and administrative expenses | $234 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $13,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,697 |
| Savings and temporary cash investments | $15,706 |
| 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 | $241,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $259,440 |
| 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, Jerry Alexander Gorman Foundation has awarded $13,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Poway, CA PURPOSE: BEAUTY SCHOOL SCHOLARSHIPS. | $4,000 |
CAPITAL CITY FUND FOR EDUCATION PURPOSE: TO HELP CHILDREN FACING HOMELESSNESS BEAT THE ODDS AND GET A QUALITY EDUCATION. | $3,000 |
Austin, TX PURPOSE: SCHOLARSHIP TUITION GRANT. | $3,000 |
Austin, TX PURPOSE: AFFORDABLE HOUSING WITH ON-SITE SUPPORT SERVICES IN THE AREAS OF EDUCATION FINANCIAL STABILITY AND HEALTH. | $1,500 |
PROJECT SCHOOLHOUSE PURPOSE: HELPING REMOTE COMMUNITIES BUILD SCHOOLS WATER SYSTEMS AND LATRINES. | $1,000 |
MEALS ON WHEELS CENTRAL TEXAS PURPOSE: DISTRIBUTING MEALS TO HOMEBOUND OLDER ADULTS AND PEOPLE WITH DISABILITIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |