Golden Rule Foundation
- Assets
- $924.5k
- Revenue
- $925.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 74-2701169
Organization Overview
Golden Rule Foundation is located in Corpus Christi, TX. The organization was established in 1995. 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. Golden Rule 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, Golden Rule Foundation generated $925.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (60.9%) each year. All expenses for the organization totaled $1.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Golden Rule Foundation has awarded 41 individual grants totaling $113,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SCHOLARSHIPS TO HIGHER EDUCATION STUDENTS AND EDUCATIONAL GANTS TO NON-PROIFT ENTITIES AND SCHOOL DISTRICTS. NO SCHOLARSHIPS OR GRANTS WERE MADE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer J Bowen President | 0 | $0 | |
Russell Gregorczyk Secretary | 0 | $0 | |
Caroline White Director | 0 | $0 | |
Lisa Cowger White Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $925 |
| 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 | $0 |
| Total Revenue | $925 |
| 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 | $312 |
| Total operating and administrative expenses | $1,312 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,539 |
| 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 | $924,539 |
| 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, Golden Rule Foundation has awarded $67,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DAPHANIE PERALTA PURPOSE: EDUCATIONAL SCHOLARSHIP | $500 |
NEW LIFE BEHAVIOR MINISTRIES PURPOSE: EDUCATIONAL GRANT | $12,000 |
CORPUS CHRISTI BOTANICAL GARDENS PURPOSE: EDUCATIONAL GRANT | $5,000 |
PREMONT INDEPENDENT SCHOOL DISTRICT PURPOSE: EDUCATIONAL SCHOLARSHIPS | $50,000 |