Gula Tech Foundation
- Assets
- $10.1m
- Revenue
- $526.0k
- Investments
- $9.1m
- Employees
- 0
- Location
- Fulton, MD
- Founding
- Data as of
- 12/2021
- EIN
- 85-4006945
Organization Overview
Gula Tech Foundation is located in Fulton, MD. 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. Gula Tech Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Gula President | 0 | $0 | |
Cynthia Gula Director, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,303 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $523,704 |
| Capital Gain Net Income | $1,592,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $526,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,962 |
| Total operating and administrative expenses | $154,737 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,154,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,057,400 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,110,242 |
| Accounts payable and accrued expenses | $51,500 |
| 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 | $51,500 |
Grants Awarded
Over the last fiscal year, Gula Tech Foundation has awarded $2,000,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK CYBERSECURITY ASSOCIATION PURPOSE: TO INCREASE AFRICAN AMERICAN ENGAGEMENT IN CYBERSECURITY | $500,000 |
Brooklyn, NY PURPOSE: TO INCREASE AFRICAN AMERICAN ENGAGEMENT IN CYBERSECURITY | $300,000 |
UNIVERSITY OF TEXAS PURPOSE: TO RAISE PUBLIC AWARENESS ABOUT CYBERSECURITY, FOCUS OF DATA CARE | $250,000 |
Phoenix, AZ PURPOSE: TO RAISE PUBLIC AWARENESS ABOUT CYBERSECURITY, FOCUS OF DATA CARE | $200,000 |
GIRL SECURITY PURPOSE: TO INCREASE AFRICAN AMERICAN ENGAGEMENT IN CYBERSECURITY | $200,000 |
NATIONAL CRYSTOLOGIC FOUNDATION PURPOSE: TO RAISE PUBLIC AWARENESS ABOUT CYBERSECURITY, FOCUS OF DATA CARE | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |