American Gold Star Home
- Assets
- $13.7m
- Revenue
- $238.1k
- Investments
- $7.8m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1961
- Data as of
- 12/2023
- EIN
- 95-2073905
Organization Overview
American Gold Star Home is located in Long Beach, CA. The organization was established in 1961. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Gold Star Home 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, American Gold Star Home generated $238.1k 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 (13.4%) each year. All expenses for the organization totaled $827.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Gold Star Home has awarded 13 individual grants totaling $2,645,745. 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 Mission:
Part 3 - Line 1
TO SUPPORT AMERICAN GOLD STAR MANOR AND AMERICAN GOLD STAR MOTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT AND BENEFITS TO TWO CHARITABLE CORPORATIONS, AMERICAN GOLD STAR MANOR, WHICH PROVIDES LOW COST HOUSING TO FAMILIES OF SERVICEMEN AND LOWER INCOME FAMILIES, AND AMERICAN GOLD STAR MOTHERS, INC., WHICH SUPPORTS MOTHERS WHO HAVE LOST A CHILD IN SERVICE TO OUR COUNTRY. SUPPORT IS PROVIDED THROUGH GRANTS GIVEN TO THE ORGANIZATIONS, RECREATIONAL PROGRAMS PUT ON FOR INDIVIDUALS LIVING IN THE APARTMENTCOMPLEX, AND MAINTENANCE OF THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Patrick President & CEO | 6 | $32,992 | |
Sarah Bergman CFO | 8 | $35,596 | |
Nicholas Sramek Chair | 2 | $0 | |
Steven Keesal Vice Chair | 2 | $0 | |
Gregory Pierson Secretary | 2 | $0 | |
Febien Lijiam Ghebreyesus Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,425 |
| Interest on Savings | $55 |
| Dividends & Interest | $245,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,025 |
| Capital Gain Net Income | $100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $438 |
| Total Revenue | $238,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,213 |
| Other employee salaries and wages | $71,363 |
| Pension plans, employee benefits | $52,263 |
| Interest | $0 |
| Taxes | $35,187 |
| Depreciation | $215,374 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,565 |
| Printing and publications | $0 |
| Other expenses | $221,278 |
| Total operating and administrative expenses | $772,004 |
| Contributions, gifts, grants paid | $54,964 |
| Total expenses and disbursements | $826,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $200,218 |
| Net Accounts receivable | $4,613 |
| 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 | $42,659 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,065 |
| Net Land, buildings, and equipment | $5,483,481 |
| Other assets | $216,250 |
| Total assets | $13,721,647 |
| Accounts payable and accrued expenses | $78,369 |
| 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 | $24,877 |
| Total liabilities | $103,246 |
Grants Awarded
Over the last fiscal year, American Gold Star Home has awarded $54,964 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN GOLD STAR MOTHERS INC PURPOSE: GENERAL SUPPORT | $49,139 |
AMERICAN GOLD STAR MOTHERS INC PURPOSE: GIVING GRACE FUND | $3,000 |
AMERICAN GOLD STAR MOTHERS INC PURPOSE: CHIMNEY REPAIRS | $2,825 |