Jd Gibbs Legacy Foundation
- Assets
- $1.0m
- Revenue
- $143.7k
- Investments
- $995.0k
- Employees
- 0
- Location
- Cornelius, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-0980763
Organization Overview
Jd Gibbs Legacy Foundation is located in Cornelius, NC. 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. Jd Gibbs Legacy 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, Jd Gibbs Legacy Foundation generated $143.7k in total revenue. All expenses for the organization totaled $111.8k during the year ending 12/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Gibbs Chairman | 0 | $0 | |
Joe J Gibbs Director | 0 | $0 | |
William M Gibbs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,096 |
| Interest on Savings | $1,186 |
| Dividends & Interest | $25,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,363 |
| Capital Gain Net Income | $4,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,578 |
| Total operating and administrative expenses | $11,845 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $111,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,182 |
| 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 | $995,024 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,009,206 |
| 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, Jd Gibbs Legacy Foundation has awarded $55,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TIM TEBOW FOUNDATION PURPOSE: OPERATIONS | $10,000 |
BRIDGING THE GAP FUND YOUNG LIFE PURPOSE: OPERATIONS | $10,000 |
COOKIES FOR KIDS CANCER PURPOSE: OPERATIONS | $10,000 |
YOUTH FOR TOMORROW PURPOSE: OPERATIONS | $10,000 |
HARVEST EQUIPPERS PURPOSE: OPERATIONS | $10,000 |
THE X FOR BOYS LIFE PREPARATORY SCHOOL PURPOSE: OPERATIONS | $5,000 |