Gilliam Foundation Inc
- Assets
- $4.4m
- Revenue
- $353.6k
- Investments
- $4.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 51-0386285
Organization Overview
Gilliam Foundation Inc is located in Wilmington, DE. The organization was established in 2000. 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. Gilliam 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 06/2022, Gilliam Foundation Inc generated $353.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $325.0k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 3 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.
Since 2020, Gilliam Foundation Inc has awarded 15 individual grants totaling $510,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOARD WILL DISTRIBUTE FUNDS FOR CHARITABLE PURPOSES AT THEIR DISCRETION.
5 ORGANIZATIONS RECEIVED FUNDS DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Gilliam-Johnson President | 10 | $7,500 | |
Alexis R Gilliam-Lerner Secretary | 6 | $5,625 | |
Leslie B Gilliam Treasurer | 9 | $7,500 | |
Bernard Fisher Assistant Treasurer | 3 | $13,561 | |
Cydney Teal Vice President | 6 | $7,500 | |
Micah Johnson Officer | 6 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34,096 |
| Dividends & Interest | $93,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $225,718 |
| Capital Gain Net Income | $225,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,186 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13 |
| Taxes | $16,760 |
| Depreciation | $0 |
| Occupancy | $9,768 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,678 |
| Total operating and administrative expenses | $125,000 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $325,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,143 |
| 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 | $4,338,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,362,679 |
| 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, Gilliam Foundation Inc has awarded $200,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN AND FAMILIES FIRST PURPOSE: DUAL GENERATION CARE | $20,000 |
DELAWARE STATE UNIV FOUNDATION PURPOSE: WORDS ARE CREATIVE FORCE PROJECT | $60,000 |
HARPER'S HEART PURPOSE: GRANT FOR PROGRAMS | $40,000 |
THE GRAND PURPOSE: DIVERSITY FUND | $50,000 |
YMCA-WALNUT STREET BRANCH PURPOSE: PROGRAM GRANT | $30,000 |