E L Gibson Foundation
- Assets
- $2.5m
- Revenue
- $417.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Enterprise, AL
- Founding
- 07/1940
- Data as of
- 12/2023
- EIN
- 63-0383929
Organization Overview
E L Gibson Foundation is located in Enterprise, AL. The organization was established in 1940. 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. E L Gibson 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, E L Gibson Foundation generated $417.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $266.9k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMAR BARBER - LOAN FORGIVENESS (SEE GENERAL FOOTNOTE)
COFFEE COUNTY FAMILY SERVICES - GRANT
ENTERPRISE YMCA - GRANT
BOY SCOUTS - GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Williams Director | 0 | $0 | |
See Attached Schedule See Attached | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,836 |
| Dividends & Interest | $97,601 |
| Net Rental Income | $24,678 |
| Net Gain on Sale of Assets | $292,329 |
| Capital Gain Net Income | $23 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,365 |
| Total operating and administrative expenses | $72,684 |
| Contributions, gifts, grants paid | $194,216 |
| Total expenses and disbursements | $266,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,488 |
| Savings and temporary cash investments | $35,603 |
| 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 | $11,325 |
| 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 | $74,057 |
| Other assets | $0 |
| Total assets | $2,486,050 |
| 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 | $263 |
| Total liabilities | $263 |