Gummels Family Foundation Inc is located in Panama City Beach, FL. The organization was established in 2019. 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. Gummels Family Foundation Inc 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, Gummels Family Foundation Inc generated $233.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $95.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gummels Family Foundation Inc has awarded 79 individual grants totaling $264,200. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth Gummels President | 0 | $0 | |
Marilyn Gummels Vp/sec | 0 | $0 | |
Michael E Townsend Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $210 |
Dividends & Interest | $56,091 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $88,714 |
Capital Gain Net Income | $557 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $88,157 |
Total Revenue | $233,172 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $5,207 |
Total operating and administrative expenses | $5,207 |
Contributions, gifts, grants paid | $90,000 |
Total expenses and disbursements | $95,207 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $163,751 |
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 | $577,550 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,800,248 |
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 |
Over the last fiscal year, Gummels Family Foundation Inc has awarded $90,000 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
HABITAT FOR HUMANITY PURPOSE: PROVIDE SAFE & AFFORDABLE HOUSING | $5,000 |
PANAMA CITY SYMPHONY PURPOSE: LIVE SYMPHONIC MUSIC TO ENGAGE | $10,000 |
ANCHORAGE CHIILDREN'S HOME PURPOSE: PROVIDE SAFETY TO ABUSED & HOMELESS | $3,500 |
BIG BROTHERSBIG SISTERS OF NW FL PURPOSE: NURTURE CHILDREN & STRENGTHEN COMM. | $2,500 |
DISABLED AMERICAN VETERANS PURPOSE: PROVIDE SUPPORT&SERVICES TO VETERANS | $4,000 |
GEORGIA AGAPE INC PURPOSE: SERVICES FOR CHILDREN AND FAMILIES | $1,000 |