R Leon Gibson & Mary F Gibson Foundation
- Assets
- $916.9k
- Revenue
- $20.9k
- Investments
- $913.8k
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 75-2340623
Organization Overview
R Leon Gibson & Mary F Gibson Foundation is located in Kilgore, TX. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. R Leon Gibson & Mary F Gibson 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, R Leon Gibson & Mary F Gibson Foundation generated $20.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $55.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R Leon Gibson & Mary F Gibson Foundation has awarded 106 individual grants totaling $488,694. 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 |
|---|---|---|---|
Lori Beck Trustee | 0.5 | $2,000 | |
Julie Hope Treasurer | 0.5 | $2,000 | |
Robert Hope President | 0.5 | $2,000 | |
Suzanne Gibson Trustee | 0 | $0 | |
Jeff Beck Trustee | 0 | $0 | |
Debra Goertz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,250 |
| Dividends & Interest | $37,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,579 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19 |
| Taxes | $1,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,244 |
| Contributions, gifts, grants paid | $48,290 |
| Total expenses and disbursements | $55,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,308 |
| 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 | $808,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $831 |
| Total assets | $916,899 |
| 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, R Leon Gibson & Mary F Gibson Foundation has awarded $48,290 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Kilgore, TX PURPOSE: FINANCIAL NEEDS | $8,850 |
HIWAY 80 RESCUE MISSION PURPOSE: FINANCIAL NEEDS | $7,000 |
KILGORE RESCUE UNIT PURPOSE: FINANCIAL NEEDS | $6,000 |
BASTROP CHILD ADVOCACY CENTER PURPOSE: FINANCIAL NEEDS | $5,500 |
Henderson, TX PURPOSE: FINANCIAL NEEDS | $4,500 |
SABINE VOLUNTEER FIRE DEPARTMENT PURPOSE: FINANCIAL NEEDS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |