Chris And Dee Dee Gibson Foundation
- Assets
- $6.2m
- Revenue
- $154.6k
- Investments
- $5.6m
- Employees
- 0
- Location
- Reston, VA
- Founding
- Data as of
- 12/2023
- EIN
- 85-1497261
Organization Overview
Chris And Dee Dee Gibson Foundation is located in Reston, VA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chris And Dee Dee Gibson 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, Chris And Dee Dee Gibson Foundation generated $154.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (58.2%) each year. All expenses for the organization totaled $720.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher L Gibson President/director | 1 | $0 | |
Marcella C Gibson Vice President/secretary/director | 1 | $0 | |
Sarah E Gibson Treasurer/director | 20 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $658 |
| Dividends & Interest | $135,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,775 |
| Capital Gain Net Income | $18,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,715 |
| Interest | $0 |
| Taxes | $22,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $634 |
| Total operating and administrative expenses | $190,667 |
| Contributions, gifts, grants paid | $530,000 |
| Total expenses and disbursements | $720,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,026 |
| Savings and temporary cash investments | $24,403 |
| 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 | $5,580,047 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,201,476 |
| 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, Chris And Dee Dee Gibson Foundation has awarded $530,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL UNIVERSITY OF SOUTH CAROLINA PURPOSE: NEW MEDICAL FACILITY ON JOHN'S ISLAND, SC | $250,000 |
STERLING DONOR ADVISED FUND PURPOSE: GENERAL SUPPORT | $280,000 |