Gbc Foundation
- Assets
- $13.6k
- Revenue
- $1.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blasdell, NY
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 76-0288217
Organization Overview
Gbc Foundation is located in Blasdell, NY. The organization was established in 1990. 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. Gbc 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 12/2022, Gbc Foundation generated $1.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (68.4%) each year. All expenses for the organization totaled $2.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADUATE BUSINESS CONFERENCE 2022THE CONFERENCE IS ATTENDED BY THE INCOMING AND OUTGOING PRESIDENTS FROM THE TOP 50 MBA PROGRAMS WORLDWIDE AS WELL AS ALUMNI WHO HAVE ATTENDED CONFERENCES IN THE PAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Niall O'hea Chairman | 8 | $0 | |
Joseph Sciarrino CFO | 4 | $0 | |
Virginia Frantz VP Marketing/communication | 8 | $0 | |
Wieteke Dupain CEO | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| 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 | $1 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $216 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,865 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,575 |
| Savings and temporary cash investments | $11,001 |
| 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 | $13,576 |
| 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, Gbc Foundation has awarded $4,042 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE UNIVERSITY OF HONG KONG STU PURPOSE: TO REWARD STUDENTS OF THE CHINESE UNIVERSITY OF HONG KONG FOR THEIR OUTSTANDING STUDENT LEADERSHIP EFFORTS. | $1,217 |
CHINA EUROPE INTERNATIONAL BUSINESS PURPOSE: TO REWARD STUDENTS OF THE CHINA EUROPE INTERNATIONAL BUSINESS SCHOOL FOR THEIR OUTSTANDING STUDENT LEADERSHIP EFFORTS. | $825 |
GEORGETOWN UNIVERSITY STUDENTS PURPOSE: TO REWARD STUDENTS OF GEORGETOWN UNIVERSITY FOR THEIR OUTSTANDING STUDENT LEADERSHIP EFFORTS | $2,000 |