Gb Charities Inc
- Assets
- $1.0m
- Revenue
- $257.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Baltimore, MD
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 52-1783906
Organization Overview
Gb Charities Inc is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Gb Charities 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 06/2023, Gb Charities Inc generated $257.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $425.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gb Charities Inc has awarded 31 individual grants totaling $569,691. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GB CHARITIES, INC, IS DEDICATED TO IMPROVING THE BALTIMORE METROPOLITAN COMMUNITY (SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
G.B.CHARITIES (GBC), INC., IS DEDICATED TO IMPROVING THE BALTIMORE METROPOLITAN COMMUNITY THROUGH THE EDUCATION OF ITS YOUTH. GBC SPONSORS PROMISING CHILDREN AND ADOLESCENTS FROM HARD-WORKING, LOW-INCOME FAMILIES LIVING IN AT-RISK AREAS, PAYING THEIR TUITION AT ACCREDITED FAITH-BASED SCHOOLS. BY PROVIDING THESE STUDENTS WITH A STABLE, NUTURING EDUCATIONAL ENVIRONMENT AND ENSURING THAT THEY CONTINUE TO ENJOY STRONG FAMILY SUPPORT AND PARTICIPATE IN CONSTRUCTIVE EXTRACURRICULAR ACTIVITIES, GBC OFFERS THEM THE OPPORTUNITY TO REACH THEIR HIGHEST POTENTIAL - THUS CONTRIBUTING, ONE YOUNG PERSON AT A TIME, TO A POSITIVE SOCIAL CYCLE FUELED BY STRONG VALUES, SELF-CONFIDENCE, AND HOPE FOR A BETTER TOMORROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Dietz President | OfficerTrustee | 0 | $0 |
Anthony Golden Vice President | OfficerTrustee | 0 | $0 |
Paul Biser Treasurer | OfficerTrustee | 0 | $0 |
Don Brennan Secretary | OfficerTrustee | 0 | $0 |
Tara Mccoy Board Member | Trustee | 0 | $0 |
Jeffrey Bozel Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,370 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,947 |
| Total Program Service Revenue | $0 |
| Investment income | $33,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $136,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $166,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $986 |
| Fees for services: Investment Management | $6,696 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,048 |
| All other expenses | $0 |
| Total functional expenses | $424,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,227 |
| 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 | $680,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,029,123 |
| 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 | $1,029,123 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,029,123 |
Grants Awarded
Over the last fiscal year, Gb Charities Inc has awarded $110,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME PREPARATORY SCHOOL PURPOSE: ENDOWMENT | $25,000 |
CALVERT HALL COLLEGE HIGH SCHOOL PURPOSE: ENDOWMENT | $25,000 |
LOYOLA HIGH SCHOOL BLAKEFIELD PURPOSE: ENDOWMENT | $25,000 |
MARYVALE PREPARATORY SCHOOL PURPOSE: ENDOWMENT | $25,000 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: ENDOWMENT | $5,000 |
ST IGNATIUS LOYOLA ACADEMY PURPOSE: ENDOWMENT | $5,000 |