The Gores Foundation
- Assets
- $14.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 68-0634782
Organization Overview
The Gores Foundation is located in Boulder, CO. The organization was established in 2006. 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. Gores 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 06/2022, Gores Foundation generated $1.0m in total revenue. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 6 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.
Since 2015, Gores Foundation has awarded 94 individual grants totaling $7,174,850. 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 |
|---|---|---|---|
Alec E Gores President | 0 | $0 | |
Heidieh Gores Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $993,010 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,965 |
| Capital Gain Net Income | $6,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $999,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $584 |
| Total operating and administrative expenses | $3,084 |
| Contributions, gifts, grants paid | $1,450,000 |
| Total expenses and disbursements | $1,453,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,466 |
| 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 | $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 | $14,466 |
| 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, The Gores Foundation has awarded $1,450,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: HOMELESSNESS INITIATIVE | $650,000 |
Cary, NC PURPOSE: CANCER RESEARCH | $500,000 |
Santa Monica, CA PURPOSE: CANCER RESEARCH | $100,000 |
WMU FOUNDATION PURPOSE: FOOTBALL EXCELLENCE FUND | $100,000 |
Beverly Hills, CA PURPOSE: TRANSDENOMINATIONAL CONGREGATION | $35,000 |
Los Angeles, CA PURPOSE: YOUTH EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |