R Leon Gibson & Mary F Gibson Foundation
- Assets
- $938.6k
- Revenue
- $41.9k
- Investments
- $917.7k
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 01/1991
- Data as of
- 12/2023
- 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 12/2023, R Leon Gibson & Mary F Gibson Foundation generated $41.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $39.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 9 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 128 individual grants totaling $558,023. 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 |
|---|---|---|---|
Debra Goertz Trustee | 0 | $0 | |
Suzanne Gibson Trustee | 0 | $0 | |
Lori Beck Trustee | 0.5 | $2,000 | |
Julie Hope Treasurer | 0.5 | $2,000 | |
Robert Hope President | 0.5 | $2,000 | |
Jeff Beck Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $40,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,193 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,216 |
| Contributions, gifts, grants paid | $32,999 |
| Total expenses and disbursements | $39,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,649 |
| 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 | $917,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $218 |
| Total assets | $938,556 |
| 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 $32,999 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HANDS OF KILGORE PURPOSE: FINANCIAL NEEDS | $4,919 |
HIWAY 80 RESCUE MISSION PURPOSE: FINANCIAL NEEDS | $4,000 |
KILGORE RESCUE UNIT PURPOSE: FINANCIAL NEEDS | $4,500 |
SABINE VOLUNTEER FIRE DEPARTMENT PURPOSE: FINANCIAL NEEDS | $4,500 |
CRIMS CHAPEL VOLUNTEER FIRE DEPARTM PURPOSE: FINANCIAL NEEDS | $4,500 |
KILGORE ISDFFA PURPOSE: FINANCIAL NEEDS - ADVERTISING FOR AGRICULTURE SALE | $1,690 |