Gihon Foundation
- Assets
- $4.0m
- Revenue
- $1.3m
- Investments
- $3.2m
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 80-0267626
Organization Overview
Gihon Foundation is located in Woodland Hills, CA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gihon 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, Gihon Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $424.7k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND DISPLAY OF AN ART COLLECTION AND A DOCUMENTARY FILM ON THE COLLECTION.
PROVIDING A VENUE FOR DISCUSSIONS OF IMPORTANT WORLD ISSUES.
COUNCIL ON IDEAS - THINK TANK FOR IDEAS TO PROMOTE THE WELL BEING OF HUMANS ON EARTH AND PERFORMING ARTS.
3-D COMPUTER EVENT PRESENTATION OF ART AND MUSIC APPRECIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Nesmith Vice President/trustee | 0 | $0 | |
Michael Nesmith President/trustee | 0 | $0 | |
Jessica Kent Secretary | 0 | $0 | |
Jonathan Nesmith Trustee | 0 | $0 | |
Jason Nesmith Trustee | 0 | $0 | |
Jessica Nesmith Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,577 |
| Dividends & Interest | $135,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,121,026 |
| Capital Gain Net Income | $1,121,026 |
| Net ST Capital Gain | $24,317 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,274,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $220,854 |
| Pension plans, employee benefits | $21,599 |
| Interest | $37,001 |
| Taxes | $28,208 |
| Depreciation | $4,263 |
| Occupancy | $19,200 |
| Travel, conferences, and meetings | $3,953 |
| Printing and publications | $0 |
| Other expenses | $35,154 |
| Total operating and administrative expenses | $407,211 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $424,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355 |
| 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 | $962,448 |
| Net Land, buildings, and equipment | $851,798 |
| Other assets | $0 |
| Total assets | $4,041,203 |
| 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 | $13,032 |
| Total liabilities | $13,032 |
Grants Awarded
Over the last fiscal year, Gihon Foundation has awarded $17,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $11,350 |
KOYAMADA INTERNATIONAL FOUNDATION PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $5,000 |
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $750 |
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |