Gbc 8806 Foundation Inc
- Assets
- $68.6k
- Revenue
- $475.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Gun Barrel City, TX
- Founding
- Data as of
- 12/2020
- EIN
- 71-0989876
Organization Overview
Gbc 8806 Foundation Inc is located in Gun Barrel City, TX. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gbc 8806 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 12/2020, Gbc 8806 Foundation Inc generated $475.1k in total revenue. All expenses for the organization totaled $479.6k during the year ending 12/2020.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS SCHOLARSHIPS WERE AWARDED DURING YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Snyder President | 1 | $0 | |
Derrick Hoelscher Vice Pres. | 1 | $0 | |
Pat Mullaney Director | 1 | $0 | |
Jerry Nolan Secretary | 1 | $0 | |
Richard Avery Exec. Director | 1 | $0 | |
Joe Mcneil Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $469,318 |
| Total Revenue | $475,090 |
| 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 | $1,470 |
| Occupancy | $5,891 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $470,316 |
| Total operating and administrative expenses | $479,621 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $479,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,816 |
| 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 | $20,736 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,067 |
| Total assets | $68,619 |
| 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 |
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