Gilbert Foundation Inc
- Assets
- $823.5k
- Revenue
- $82.9k
- Investments
- $818.2k
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 61-1374986
Organization Overview
Gilbert Foundation Inc is located in Prospect, KY. The organization was established in 2002. 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. Gilbert 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 12/2022, Gilbert Foundation Inc generated $82.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $35.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gilbert Foundation Inc has awarded 80 individual grants totaling $245,611. 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 |
|---|---|---|---|
Candace G Medina Executive Director | 4 | $2,545 | |
Roger J Medina Secretary/treasurer | 2 | $0 | |
William R Wilson Director | 2 | $0 | |
Janice M Jewell Director | 2 | $0 | |
Denis Jewell Director | 2 | $0 | |
Brian Jewell Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,935 |
| Capital Gain Net Income | $70,935 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,545 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $937 |
| Total operating and administrative expenses | $5,452 |
| Contributions, gifts, grants paid | $29,970 |
| Total expenses and disbursements | $35,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826 |
| 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 | $4,454 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $818,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $823,485 |
| 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 | $389 |
| Total liabilities | $389 |
Grants Awarded
Over the last fiscal year, Gilbert Foundation Inc has awarded $59,940 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY COMMUNITY CLINIC INC PURPOSE: PUBLIC HEALTH - GENERAL OPERATIONS | $2,100 |
LIGHTHOUSE PROMISE INC PURPOSE: EDUCATIONAL - STEM SUPPLIES | $4,000 |
PASSIONIST EARTH & SPIRIT CENTER INC PURPOSE: ENVIRONMENT - TEAMBUILDING IN NATURE COURSE | $3,000 |
LIFEHOUSE INC PURPOSE: EDUCATIONAL - LYPC PROGRAM - UNRESTRICTED | $2,570 |
LYPC CO THE COMMUNITY FOUNDATION OF LOUISVILLE PURPOSE: EDUCATIONAL - LYPC OPERATIONS | $5,000 |
SUMMERBRIDGE LOUISVILLE PURPOSE: EDUCATIONAL - SUMMER PROGRAM | $2,100 |