David Gopen Foundation
- Assets
- $256.2k
- Revenue
- $5.5k
- Investments
- $215.8k
- Employees
- 0
- Location
- Allston, MA
- Founding
- 07/1964
- Data as of
- 05/2024
- EIN
- 04-6071034
Organization Overview
David Gopen Foundation is located in Allston, MA. The organization was established in 1964. 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. David Gopen 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 05/2024, David Gopen Foundation generated $5.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $13.9k during the year ending 05/2024. While expenses have increased by 1.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Gopen Trustee | 5 | $2,500 | |
Stuart Gopen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $866 |
| Dividends & Interest | $5,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $3,002 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $6,833 |
| Contributions, gifts, grants paid | $7,038 |
| Total expenses and disbursements | $13,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,283 |
| Savings and temporary cash investments | $36,093 |
| 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 | $256,176 |
| 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, David Gopen Foundation has awarded $7,038 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
PARK AVE SYNGOGUE PURPOSE: RELIGIOUS | $188 |
BOYS AND GIRLS CLUB OF BOSTON PURPOSE: EDUCATIONAL | $1,250 |
FRIENDS OF IDF PURPOSE: CIVIC | $2,000 |
BRIDGE OVER TROUBLED WATERS PURPOSE: CIVIC | $800 |
UNIVERSITY OF MIAMI PURPOSE: EDUCATION | $100 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: MEDICAL | $200 |