Garcia Family Foundation I Inc
- Assets
- $0.0
- Revenue
- $7.0m
- Investments
- $29.5m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 02/2003
- Data as of
- 12/2020
- EIN
- 54-2085787
Organization Overview
Garcia Family Foundation I Inc is located in Tampa, FL. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Garcia Family Foundation I 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 12/2020, Garcia Family Foundation I Inc generated $7.0m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 154.6% per year over the past 4 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 2018, Garcia Family Foundation I Inc has awarded 43 individual grants totaling $2,763,512. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Garcia President/director | 12 | $0 | |
Martin L Garcia Director | 1 | $0 | |
Kennedy R Garcia Secretary/treasurer | 1 | $0 | |
Myrna Garcia-Haag Director | 1 | $0 | |
Gates Garcia Director | 1 | $0 | |
Candace Rich Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $601,737 |
| Interest on Savings | $0 |
| Dividends & Interest | $376,099 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,993,014 |
| Total Revenue | $6,970,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $638,793 |
| Contributions, gifts, grants paid | $1,232,230 |
| Total expenses and disbursements | $1,871,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $2,088 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $200,112 |
Grants Awarded
Over the last fiscal year, Garcia Family Foundation I Inc has awarded $1,334,282 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GENERAL OPERATIONS | $1,079,582 |
THE FEDERALIST SOCIETY PURPOSE: GENERAL OPERATIONS | $53,000 |
CHRIST THE KING CATHOLIC SCHOOL PURPOSE: GENERAL OPERATIONS | $36,000 |
Tampa, FL PURPOSE: GENERAL OPERATIONS | $35,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $30,000 |
Tampa, FL PURPOSE: GENERAL OPERATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
The St Joe Community Foundation Inc Panama City Beach, FL | $5,065,380 | $5,661,153 |