Gellin Foundation Inc
- Assets
- $744.0k
- Revenue
- $35.5k
- Investments
- $744.0k
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- 12/1961
- Data as of
- 10/2023
- EIN
- 13-6125385
Organization Overview
Gellin Foundation Inc is located in Scarsdale, NY. The organization was established in 1961. 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. Gellin 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 10/2023, Gellin Foundation Inc generated $35.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $53.1k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gellin Foundation Inc has awarded 206 individual grants totaling $315,361. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilda Zalaznick President & Treasurer | 0.5 | $500 | |
Regina Cane Vice President & Secretary | 0.5 | $500 | |
Brian Zalaznick Assistant Treasurer | 0 | $0 | |
Dana Aberman Officer | 0.5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $196 |
| Dividends & Interest | $29,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,060 |
| Capital Gain Net Income | $6,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $784 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,629 |
| Total operating and administrative expenses | $10,113 |
| Contributions, gifts, grants paid | $43,000 |
| Total expenses and disbursements | $53,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $668,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $743,961 |
| 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 | $3,757 |
| Total liabilities | $3,757 |
Grants Awarded
Over the last fiscal year, Gellin Foundation Inc has awarded $43,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON VALLEY FIRE DEPARTMENT PURPOSE: CIVIC | $500 |
BOCA PATON REGIONAL HOSPITAL PURPOSE: MEDICAL | $3,000 |
ANDERSON VALLEY FIRE DEPARTMENT PURPOSE: CIVIC | $500 |
CALVARY HOSPITAL PURPOSE: MEDICAL | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL | $3,500 |
ETHICAL CULTURE FIELDSTON SCHOOL PURPOSE: EDUCATION | $1,000 |