Gula Tech Foundation
- Assets
- $10.5m
- Revenue
- $2.4m
- Investments
- $8.9m
- Employees
- 0
- Location
- Fulton, MD
- Founding
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Gula Tech Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (45.2%) each year.
Since 2021, Gula Tech Foundation has awarded 21 individual grants totaling $4,000,000. 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.
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 |
|---|---|---|---|
Ronald Gula President | 0 | $0 | |
Cynthia Gula Director, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,472,168 |
| Interest on Savings | $55,374 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $883,639 |
| Capital Gain Net Income | $2,112,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,411,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,717 |
| Total operating and administrative expenses | $56,024 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,056,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,587,764 |
| 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 | $10,465,399 |
| 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 11 organizations.
| Grant Recipient | Amount |
|---|---|
SECURED INC PURPOSE: HELPING ACADEMIC INSTITUTIONS BUILD A CYBER-READY WORKFORCE | $150,000 |
CYBER WYOMING ALLIANCE PURPOSE: WORKS WITH LOCAL COMMUNITIES TO INCREASE CYBER AWARENESS AND EDUCATION | $100,000 |
DARK ENTERPRISES PURPOSE: ADVANCES THE MISSION OF DEVELOPING, SUPPORTING, AND STEWARDING CYBERSECURITY EDUCATION INITIATIVES IN THE UNITED STATES | $200,000 |
CODEPATHORG PURPOSE: PROVIDE SUPPORT CENTERED ON THE NEEDS OF BLACK, LATINO/A, INDIGENOUS, AND LOW-INCOME STUDENTS. | $250,000 |
YEAR UP INC PURPOSE: TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATIONTO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION | $100,000 |
MIDALTLANTIC GIGABIT INNOVATION COLLABORATORY PURPOSE: BUILDING TECH COMMUNITIES THROUGHCUTTING EDGE INNOVATION, ENTREPRENEURIAL INCUBATION AND PUBLIC EDUCATIONBUILDING TECH COMMUNITIES THROUGHCUTTING EDGE INNOVATION, ENTREPRENEURIAL INCUBATION AND PUBLIC EDUCATION | $100,000 |