The Gap Partnership Foundation
- Assets
- $61.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Big Stone Gap, VA
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-4982055
Organization Overview
The Gap Partnership Foundation is located in Big Stone Gap, VA. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gap Partnership 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, Gap Partnership Foundation generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (59.2%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
2023 WAS A YEAR OF SIGNIFICANT ORGANIZATIONAL RESTRUCTURING WITH NEW OFFICERS AND ALIGNMENT WITH THE MAIN STREET AMERICA TO WORK ON CERTIFICATION AS A MAIN STREET AMERICA COHORT THAT WILL FOCUS IT'S PARTNERSHIP WITH THE GOVERNMENTAL ENTITY OF THE TOWN OF BIG STONE GAP VIRGINIA AND FORGE AHEAD AND FOCUS ON HISTORICAL PRESERVATION AND STIMULATE ECONOMIC DEVELOPMENT. THE FOUNDATION ASPECT OF THE GAP CORPORATION HAD NO ACTIVITY OTHER THAN INTEREST EARNED ON THE BANK ACCOUNT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Dillon Murray President | 15 | $0 | |
Elise Bloomer Vice President | 15 | $0 | |
Tabitha Hibbits-Grieger Vice President | 15 | $0 | |
David Mcartin Treasurer | 15 | $0 | |
Wendy M Warden Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,197 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,207 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,671 |
| Other assets | $0 |
| Total assets | $61,671 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,671 |