Gift Foundation Inc
- Assets
- $78.3k
- Revenue
- $4.4k
- Investments
- $78.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 04-3396860
Organization Overview
Gift Foundation Inc is located in Boston, MA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Foundation Inc 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, Gift Foundation Inc generated $4.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $4.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Pierce President | 1 | $0 | |
Andrew Koh Treasurer | 1 | $0 | |
Stephen Riden Clerk | 1 | $0 | |
Chris Cavallerano Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,457 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,965 |
| Capital Gain Net Income | $2,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $448 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $4,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $293 |
| 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 | $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 | $0 |
| Other assets | $0 |
| Total assets | $78,292 |
| 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, Gift Foundation Inc has awarded $4,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BOSTON FOOD BANK PURPOSE: END HUNGER INGREATER BOSTON | $1,000 |
CAMP HARBOR VIEW PURPOSE: SUPPORT CHILDRENS &YOUTH PROGRAMS | $1,000 |
CAMP STARFISH PURPOSE: SUPPORT CHILDRENS &YOUTH PROGRAMS | $1,000 |
STRONG WOMEN STRONG GIRLS PURPOSE: SUPPORT CHILDRENS &YOUTH PROGRAMS | $1,000 |