Glenn Garcelon Foundation
- Assets
- $113.0k
- Revenue
- $147.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Coppell, TX
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 61-1623385
Organization Overview
Glenn Garcelon Foundation is located in Coppell, TX. The organization was established in 2011. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenn Garcelon 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 12/2022, Glenn Garcelon Foundation generated $147.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $152.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE TO BRAIN TUMOR PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, 169 BRAIN TUMOR PATIENTS RECEIVED GRANTS FOR THE FOLLOWING TYPES OF BILLS BEING PAID: RENT, MORTGAGE, UTILITIES, MEDICAL, CREDIT CARD, CAR PAYMENTS, INSURANCE, STORAGE UNIT, HOSPICE, ORTHOTICS, LODGING DURING TREATMENT, MATTRESSES AND SUPPORT DOG TRAINING. THE FOUNDATION HOLDS FIVE FUNDRAISING EVENTS EACH YEAR TO PROVIDE FUNDING FOR ITS GRANT ALLOCATION PROGRAM. THE 11TH ANNUAL GLENN GARCELON FOUNDATION GOLF CLASSIC CONITUNES TO BE A SUCCESSFUL EVENT WITH 133 GOLFERS PARTICIPATING RAISING OVER 47,000 TO SUPPORT THE MISSION OF THE FOUNDATION. OVER 13,000 OF THAT WAS SPONSORSHIPS, WITH MAIN SPONSORS BEING PEPSICO, MCALISTER'S DELI AND PLATINUM MECHANICAL. THE 3RD ANNUAL DENIM AND DIAMONDS GALA HOSTED 196 GUESTS FOR DINNER, DANCING, SILENT AUCTION AND RAFFLE. THIS EVENT RAISED OVER 26,000 AND THE FOUNDATION WAS BLESSED TO HAVE BARROW NEUROLOGICAL INSTITUTE AS ONE OF THE SPONSORS. THE FOUNDATION HOLDS THREE TASTE OF HOPE GALAS EACH YEAR THAT ARE BILLED AS EVENINGS OF FOOD, FUN, AND PHILANTHROPY, THE 8TH ANNUAL DENVER TASTE OF HOPE WAS A BENEFIT DINNER ATTENDED BY 100 GUESTS AND RAISED OVER 25,000. FOUR GRANT RECIPIENTS WERE ABLE TO ATTEND. THE 3RD ANNUAL PORTLAND TASTE OF HOPE WAS A BENEFIT DINNER ATTENDED BY 70 GUESTS AND RAISED OVER 26,775. CGC FINANCIAL WAS THE EVENT SPONSOR. FIVE GRANT RECIPIENTS ATTENDED THE EVENT. THE 3RD ANNUAL DALLAS TASTE OF HOPE WAS A CASINO NIGHT CALLED ALL IN FOR HOPE. 110 GUESTS PARTICIPATED IN THE SILENT AUCTION AND WINE PULL WHEN THEY WEREN'T HAVING FUN AT THE CASINO TABLES. AN ANONYMOUS PERSON GAVE A LARGE SPONSORSHIP AND GAMMA TILE MEDICAL TECHNOLOGY WAS A FIRST TIME SPONSOR. THREE GRANT RECIPIENTS ATTENDED AND OVER 20,000 WAS RAISED FOR THE FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail M Garcelon President/di | OfficerTrustee | 40 | $0 |
Danielle E Hess Vice Pres/di | OfficerTrustee | 1 | $0 |
Nicole G Smith Secretary/di | OfficerTrustee | 1 | $0 |
Glen Clemans Director | Trustee | 1 | $0 |
Ellen Epstein Director | Trustee | 1 | $0 |
Judith N Johannesen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,308 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,434 |
| Noncash contributions included in lines 1a–1f | $43,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,742 |
| Total Program Service Revenue | $0 |
| Investment income | $2,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$56,947 |
| Net Income from Gaming Activities | $450 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376 |
| Advertising and promotion | $874 |
| Office expenses | $8,098 |
| Information technology | $5,440 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,142 |
| 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 | $1,256 |
| All other expenses | $510 |
| Total functional expenses | $152,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,522 |
| Savings and temporary cash investments | $4,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $489 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $95,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,965 |
| Accounts payable and accrued expenses | $1,617 |
| 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 | $1,617 |
| Net assets without donor restrictions | $111,348 |
| 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 | $112,965 |