Gellman Foundation
- Assets
- $1.0m
- Revenue
- $48.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 58-1765283
Organization Overview
Gellman Foundation is located in Spokane, WA. The organization was established in 1988. 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. Gellman 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 12/2023, Gellman Foundation generated $48.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $78.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gellman Foundation has awarded 176 individual grants totaling $450,060. 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 |
|---|---|---|---|
Arthur M Gellman Trustee | 0.5 | $0 | |
George I Gellman Trustee | 0.5 | $0 | |
Deborah Gellman Zaretsky Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $291 |
| Dividends & Interest | $24,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,571 |
| Capital Gain Net Income | $23,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,888 |
| Contributions, gifts, grants paid | $65,500 |
| Total expenses and disbursements | $78,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$28,364 |
| 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 | $26,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $944,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,049,464 |
| 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, Gellman Foundation has awarded $65,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BRENNAN CENTER FOR JUSTICE PURPOSE: CHARITABLE | $2,000 |
CHABAD HOUSE OF SPOKANE PURPOSE: CHARITABLE | $3,800 |
CHABAD OF EUGENE PURPOSE: CHARITABLE | $2,000 |
COMMUNITY HEALTH ASSOCIATION OF SPOKANE PURPOSE: CHARITABLE | $12,500 |
JEWISH BIG BROTHERS OF LOS ANGELES PURPOSE: CHARITABLE | $1,000 |
JEWISH NATIONAL FUND PURPOSE: CHARITABLE | $1,000 |