The Gfc Foundation
- Assets
- $14.7m
- Revenue
- $480.3k
- Investments
- $14.4m
- Employees
- 0
- Location
- Pleasant Grove, UT
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 87-0529248
Organization Overview
The Gfc Foundation is located in Pleasant Grove, UT. The organization was established in 1994. 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. Gfc 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, Gfc Foundation generated $480.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gfc Foundation has awarded 123 individual grants totaling $18,985,042. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauralyn B Swim President | 2 | $0 | |
Brent Mckinley Director | 2 | $14,750 | |
Michale Ware Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76,724 |
| Dividends & Interest | $197,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,639 |
| Capital Gain Net Income | $164,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,888 |
| Total Revenue | $480,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,943 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,343 |
| Printing and publications | $0 |
| Other expenses | $10,869 |
| Total operating and administrative expenses | $95,779 |
| Contributions, gifts, grants paid | $1,186,591 |
| Total expenses and disbursements | $1,282,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,505 |
| 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 | $290,866 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,393,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,729,172 |
| 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, The Gfc Foundation has awarded $1,186,591 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HERITAGE SCHOOL PURPOSE: GENERAL PURPOSE | $113,091 |
PHILANTHROPY ROUNDTABLE PURPOSE: GENERAL PURPOSE | $1,000 |
INSTITUTE FOR FAMILY STUDIES PURPOSE: GENERAL PURPOSE | $20,000 |
SUTHERLAND INSTITUTE PURPOSE: GENERAL PURPOSE | $1,000,000 |
ACTION INSTITUTE PURPOSE: GENERAL PURPOSE | $2,500 |
ADOPT A NATIVE ELDER PURPOSE: GENERAL PURPOSE | $2,500 |