Garber Family Foundation
- Assets
- $3.1m
- Revenue
- $371.2k
- Investments
- $620.3k
- Employees
- 0
- Location
- Cedar Park, TX
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 74-2940367
Organization Overview
Garber Family Foundation is located in Cedar Park, TX. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Garber Family 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 12/2021, Garber Family Foundation generated $371.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $512.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Garber Family Foundation has awarded 22 individual grants totaling $1,861,188. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross B Garber President | 0 | $0 | |
Laurie A Garber Vice President | 0 | $0 | |
Hailey Copland Trustee | 0 | $0 | |
Adele Garber Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,010 |
| Dividends & Interest | $34,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,344 |
| Capital Gain Net Income | $266,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,652 |
| Total Revenue | $371,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,300 |
| Taxes | $460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,499 |
| Total operating and administrative expenses | $52,259 |
| Contributions, gifts, grants paid | $460,527 |
| Total expenses and disbursements | $512,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,049 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,317 |
| 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 | $2,242,559 |
| Total assets | $3,119,269 |
| 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, Garber Family Foundation has awarded $386,004 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PASSTHROUGH FROM Q-BLK REAL ASSETS II LP PURPOSE: FROM PASSTHROUGH ENTITY | $3 |
BREAKTHROUGH COLLABORATIVE PURPOSE: GENERAL SUPPORT | $20,000 |
PASSTHROUGH FROM AJ CAP RE FUND II PURPOSE: FROM PASSTHROUGH ENTITY | $1 |
COMMUNITIES IN SCHOOL PURPOSE: CLIENT ASSISTANCE PROGRAM & SNACK PACK | $85,000 |
SUN VALLEY MUSEUM ART PURPOSE: GENERAL SUPPORT | $25,000 |
CHARITY WATER PURPOSE: GENERAL SUPPORT | $200,000 |