Robert Gumbiner Foundation
- Assets
- $13.3m
- Revenue
- $966.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 95-4167110
Organization Overview
Robert Gumbiner Foundation is located in Long Beach, CA. The organization was established in 1988. 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. Robert Gumbiner 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 12/2021, Robert Gumbiner Foundation generated $966.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC ISLAND ETHNIC ART MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Deovlet Co-Chair/dir | 20 | $61,000 | |
Burke Gumbiner Co-Chair/sec | 2 | $0 | |
Alis Gumbiner Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,981 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,057 |
| Net Rental Income | $309,107 |
| Net Gain on Sale of Assets | -$1,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,170 |
| Other Income | $9,635 |
| Total Revenue | $966,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,000 |
| Other employee salaries and wages | $70,279 |
| Pension plans, employee benefits | $56,637 |
| Interest | $0 |
| Taxes | $85,945 |
| Depreciation | $253,387 |
| Occupancy | $20,287 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $312,404 |
| Total operating and administrative expenses | $968,288 |
| Contributions, gifts, grants paid | $479,400 |
| Total expenses and disbursements | $1,447,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,639,061 |
| Net Accounts receivable | $7,868 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $98,660 |
| Inventories for sale or use | $8,264 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,211,932 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,942,162 |
| Other assets | $1,493,126 |
| Total assets | $13,251,024 |
| 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 | $31,080 |
| Total liabilities | $31,080 |
Grants Awarded
Over the last fiscal year, Robert Gumbiner Foundation has awarded $479,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: PROMOTION OF VISUAL ARTS & CULTURE | $475,000 |
Burnsville, MN PURPOSE: UNRESTRICTED SUPPORT | $4,200 |
CHARITY GOLF INTL PURPOSE: UNRESTRICTED SUPPORT | $200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert Gumbiner Foundation has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA PURPOSE: TO PROMOTE THE ARTS IN LONG BEACH, CA | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |