Garcia Family Foundation I Inc
- Assets
- $30.3m
- Revenue
- $1.2m
- Investments
- $30.0m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 02/2003
- Data as of
- 12/2022
- 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 12/2022, Garcia Family Foundation I Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Garcia Family Foundation I Inc has awarded 67 individual grants totaling $5,128,973. 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 |
|---|---|---|---|
Martin L Garcia Director | 1 | $0 | |
Kennedy R Garcia Director | 1 | $0 | |
Marshall Garrett Garcia President | 12 | $0 | |
Myrna Garcia-Haag Director | 1 | $0 | |
Rendall Gates Garcia Director | 1 | $0 | |
Candace Rich Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $448,966 |
| Interest on Savings | $2,061 |
| Dividends & Interest | $618,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,117 |
| Capital Gain Net Income | $178,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,247,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $40 |
| Taxes | $2,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,074 |
| Contributions, gifts, grants paid | $2,220,361 |
| Total expenses and disbursements | $2,230,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $242,975 |
| 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 | $70,393 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,273,299 |
| 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, Garcia Family Foundation I Inc has awarded $2,220,361 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER HORIZONS PURPOSE: GENERAL OPERATIONS | $2,058,189 |
ST JOHNS EPISCOPAL PARISH DAY SCHOOL PURPOSE: GENERAL OPERATIONS | $45,000 |
CHRIST THE KING CATHOLIC SCHOOL PURPOSE: GENERAL OPERATIONS | $36,000 |
FAMILES EMPOWERED PURPOSE: GENERAL OPERATIONS | $15,000 |
FRAMEWORKS OF TAMPA BAY PURPOSE: GENERAL OPERATIONS | $15,000 |
LITERACY IS KEY PURPOSE: GENERAL OPERATIONS | $10,000 |