Big G Charitable Foundation Corp
- Assets
- $2.1m
- Revenue
- $359.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 06/2009
- Data as of
- 08/2023
- EIN
- 80-0314377
Organization Overview
Big G Charitable Foundation Corp is located in Basking Ridge, NJ. The organization was established in 2009. 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. Big G Charitable Foundation Corp 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 08/2023, Big G Charitable Foundation Corp generated $359.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $299.4k during the year ending 08/2023. While expenses have increased by 25.8% per year over the past 8 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.
Since 2015, Big G Charitable Foundation Corp has awarded 110 individual grants totaling $1,154,927. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH OF BIOCENTRISM - AN ORGANIZATION THAT TEACHES THE PRINCIPLES OF BIOCENTRISM AND INTERDEPENDENCE AND THE LAWS OF ECOLOGY.
WORLD CENTRAL KITCHEN - PROVIDES MEALS IN RESPONSE TO HUMANITARIAN, CLIMATE AND COMMUNITY CRISES.
THE VALERIE FUND - PROVIDE SUPPORT FOR THE HEALTH CARE OF CHILDREN WITH CANCER AND BLOOD DISORDERS.
OCEAN ALLIANCE - OCEAN ALLIANCE'S MISSION IS TO PROTECT WHALES AND THEIR OCEAN ENVIRONMENT THROUGH RESEARCH, SCIENTIFIC COLLABORATION, PUBLIC EDUCATION, AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris J Galesi President | 0 | $0 | |
Andrew S Vita Jr Trustee | 0 | $0 | |
Katherine Markowitz Trustee | 0 | $0 | |
Michelle Galesi Trustee | 0 | $0 | |
Barbara Mackes Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,391 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,495 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $359,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,057 |
| Total operating and administrative expenses | $48,396 |
| Contributions, gifts, grants paid | $251,000 |
| Total expenses and disbursements | $299,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,400 |
| 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 | $2,100,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,148,092 |
| 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, Big G Charitable Foundation Corp has awarded $251,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CORAL REEF ALLIANCE PURPOSE: CHARITABLE PURPOSE | $10,000 |
CORE COMMUNITY ORGANIZED RELIEF PURPOSE: CHARITABLE PURPOSE | $10,000 |
FREE PUBLIC LIBRARY OF NEWARK PURPOSE: CHARITABLE PURPOSE | $5,000 |
FRIENDS OF RANDOLPH ANIMAL POUND PURPOSE: CHARITABLE PURPOSE | $6,000 |
INTERFAITH FOOD PANTRY PURPOSE: CHARITABLE PURPOSE | $5,000 |
THE RAPTOR TRUST PURPOSE: CHARITABLE PURPOSE | $10,000 |