Debs And Vernelle Gamblin Foundation
- Assets
- $40.7k
- Revenue
- $3.7k
- Investments
- $40.7k
- Employees
- 0
- Location
- Salado, TX
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 74-2829931
Organization Overview
Debs And Vernelle Gamblin Foundation is located in Salado, TX. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Debs And Vernelle Gamblin 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, Debs And Vernelle Gamblin Foundation generated $3.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.1k during the year ending 12/2023. 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
SUPPORT OF CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debs Gamblin President/director | 2 | $0 | |
Vernelle Gamblin Secretary/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $585 |
| Interest on Savings | $0 |
| Dividends & Interest | $452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,664 |
| Capital Gain Net Income | $2,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $585 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $3,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13 |
| 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 | $40,701 |
| 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, Debs And Vernelle Gamblin Foundation has awarded $2,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN HAGEE MINISTRY PURPOSE: CHARITABLE | $2,000 |
CAL FARLEYS BOYS RANCH PURPOSE: CHARITABLE | $400 |
ST JOSEPH INDIAN SCHOOL PURPOSE: CHARITABLE | $100 |