Edwin J Gregson Foundation
- Assets
- $2.3m
- Revenue
- $199.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 91-2052076
Organization Overview
Edwin J Gregson Foundation is located in Arcadia, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwin J Gregson 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, Edwin J Gregson Foundation generated $199.2k 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 (4.2%) each year. All expenses for the organization totaled $348.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS FOR THE BENEFIT OF CALIFORNIA THOROUGHBRED RACEHORSE INDUSTRY STABLE-AREA WORKERS AND THEIR FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS - PROVIDED FOR CHILDREN OF ELIGIBLE STABLE-AREA WORKERS LOCATED THROUGHOUT CALIFORNIA. APPLICATIONS ARE ACCEPTED ANNUALLY AND REVIEWED BY A SCHOLARSHIP COMMITTEE.
RECREATION PROGRAMS - CONSIST OF A VARIETY OF RECREATIONAL ACTIVITIES AVAILABLE TO STABLE WORKERS LOCATED AT THE MAJOR CALIFORNIA RACETRACKS OF SANTA ANITA PARK, GOLDEN GATE FIELDS, SAN LUIS REY DOWNS, DEL MAR AND LOS ALAMITOS RACETRACK. TRIPS ARE OFFERED TO WATER AND AMUSEMENT PARKS, TO PROFESSIONAL SPORTING EVENTS, SUCH AS BASEBALL AND SOCCER GAMES. THERE ARE ALSO VARIOUS COORDINATED SOFTBALL AND SOCCER LEAGUES, AS WELL AS WEEKLY TOURNAMENTS (I.E., POOL, DOMINOES, POKER, ETC.) FOR ALL WORKERS WISHING TO PARTICIPATE.
SANTA ANITA RECREATIONAL CENTER (SARC) - LOCATED AT SANTA ANITA RACETRACK IN ARCADIA, CA, THIS FACILITY CONTAINS A FULLY-EQUIPPED EXERCISE GYM, VIDEO/MOVIE/SPORTS VIEWING ROOM, CARD AND GAME ROOM, AND LAUNDRY FACILITIES FOR THE BENEFIT OF ALL STABLE AREA PERSONNEL. THERE IS A STAFF OF APPROXIMATELY SEVEN TO SERVE THE NEEDS OF WORKERS UTILIZING THE FACILITY DAILY FROM 10:00 A.M. TO 8:00 P.M. THE CENTER IS ALSO UTILIZED TO CONDUCT WEEKLY CATHOLIC MASS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Carmona Secretary | OfficerTrustee | 0 | $10,000 |
Jill Baffert Director | Trustee | 0 | $0 |
Edward Halpern Director | Trustee | 0 | $0 |
William Strauss Director | Trustee | 0 | $0 |
Gail Gregson Director | Trustee | 0 | $0 |
Jay Privman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,733 |
| Total Program Service Revenue | $0 |
| Investment income | $35,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $212,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $513 |
| Advertising and promotion | $0 |
| Office expenses | $2,336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,434 |
| All other expenses | $100 |
| Total functional expenses | $348,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,134 |
| Savings and temporary cash investments | $224,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,308 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,988,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,262,369 |
| Accounts payable and accrued expenses | $15,629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,629 |
| Net assets without donor restrictions | $2,246,740 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,262,369 |