Philip O Geib Private Family Foundation
- Assets
- $7.0m
- Revenue
- $1.3m
- Investments
- $7.0m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- Data as of
- 12/2023
- EIN
- 86-6734935
Organization Overview
Philip O Geib Private Family Foundation is located in Virginia Beach, VA. 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. Philip O Geib Private Family 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, Philip O Geib Private Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $415.5k during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Philip O Geib Private Family Foundation has awarded 31 individual grants totaling $891,025. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVMS - SCHOLORSHIP FUND
BENJAMIN GOLDBERG FOUNDATION - PROGRAMMING SUPPORT
VA BEACH LIFEGUARD ASSOCIATION - MEDICAL EDUCATION
EDMARC HOSPICE - PROGRAM SUPPORT
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,025 |
| Dividends & Interest | $113,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$222,595 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,400,213 |
| Total Revenue | $1,291,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,176 |
| Total operating and administrative expenses | $66,538 |
| Contributions, gifts, grants paid | $348,925 |
| Total expenses and disbursements | $415,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,944 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,979,941 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $243,000 |
| 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 | $243,000 |
Grants Awarded
Over the last fiscal year, Philip O Geib Private Family Foundation has awarded $348,925 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VIRGINIA MEDICAL SCHOOL PURPOSE: SCHOLORSHIP PROGRAM | $50,000 |
FOODBANK PURPOSE: FOOD PANTRY | $2,000 |
EASTERN VIRGINIA MEDICAL SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $50,000 |
BENJAMIN GOLDBERG FOUNDATION PURPOSE: PROGRAM SUPPORT | $40,000 |
BENJAMIN GOLDBERG FOUNDATION PURPOSE: PROGRAM SUPPORT | $22,425 |
VIRGINIA BEACH LIFEGUARD ASSOC PURPOSE: MEDICAL EDUCATION SCHOLARSHIPS | $50,000 |