G M L Foundation
- Assets
- $1.1m
- Revenue
- $19.2k
- Investments
- $858.5k
- Employees
- 0
- Location
- Port Angeles, WA
- Founding
- 06/1941
- Data as of
- 12/2022
- EIN
- 91-6030844
Organization Overview
G M L Foundation is located in Port Angeles, WA. The organization was established in 1941. 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. G M L 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, G M L Foundation generated $19.2k 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 (15.7%) each year. All expenses for the organization totaled $75.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, G M L Foundation has awarded 43 individual grants totaling $202,918. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AID DISBURSEMENTS
WIDOWS ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Macklin Director | 0 | $350 | |
Ken Williams President | 0 | $350 | |
Harbir Bower Treasurer | 0 | $315 | |
Kate Dexter Director | 0 | $315 | |
Laura Murray Director | 0 | $210 | |
Gail Wheatley Secretary | 0 | $175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $86 |
| Dividends & Interest | $25,346 |
| Net Rental Income | $38,400 |
| Net Gain on Sale of Assets | -$45,201 |
| Capital Gain Net Income | $17,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $585 |
| Total Revenue | $19,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,715 |
| Other employee salaries and wages | $10,990 |
| Pension plans, employee benefits | $1,897 |
| Interest | $0 |
| Taxes | $2,854 |
| Depreciation | $6,463 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,748 |
| Total operating and administrative expenses | $53,856 |
| Contributions, gifts, grants paid | $21,725 |
| Total expenses and disbursements | $75,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,070 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $59 |
| 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 | $177,631 |
| Other assets | $0 |
| Total assets | $1,052,302 |
| Accounts payable and accrued expenses | $140 |
| 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 | $140 |
Grants Awarded
Over the last fiscal year, G M L Foundation has awarded $21,725 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Port Angeles, WA PURPOSE: LOW INCOME DENTRISTRY | $12,000 |
CHRISTMAS CHECKS FOR 24 WIDOWS PURPOSE: CHRISTMAS CHECKS FOR 29 WIDOWS | $2,400 |
ADVANTA DENTAL PURPOSE: DENTISTRY | $1,916 |
LIFELINE PURPOSE: LIFE LINE FOR MULTIPLE INDIVIDUALS | $1,472 |
ROCHA FAMILY AUTO SALES PURPOSE: BACK PAYMENTS | $1,140 |
CLALLAM COUNTY PUD PURPOSE: UTILITIES | $1,089 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that G M L Foundation has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Eugene M Clary Foundation Inc Marietta, GA PURPOSE: CHARITABLE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Ken Birdwell Foundation Bellevue, WA | $76,202,815 | $4,458,349 |
Rose Foundation Vancouver, WA | $0 | $16,480 |
Apex Foundation Bellevue, WA | $126,367,624 | $451,103 |
Maybelle Clark Macdonald Fund Bend, OR | $136,588,963 | $11,503,848 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA | $0 | $6,421,793 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bullitt Foundation Seattle, WA | $60,942,002 | $1,220,943 |