Gullquist-Mullin Family Foundation
- Assets
- $877.6k
- Revenue
- $39.3k
- Investments
- $792.4k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 13-6982699
Organization Overview
Gullquist-Mullin Family Foundation is located in Vero Beach, FL. The organization was established in 1993. 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. Gullquist-Mullin Family 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 12/2023, Gullquist-Mullin Family Foundation generated $39.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $84.7k during the year ending 12/2023. While expenses have increased by 5.5% 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.
Since 2015, Gullquist-Mullin Family Foundation has awarded 81 individual grants totaling $677,925. 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 Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert Gullquist Trustee/as Required | 0 | $0 | |
Anne K Gullquist Trustee/as Required | 0 | $0 | |
J Vincent Boyle Trustee/as Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118 |
| Capital Gain Net Income | $118 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $2,677 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $84,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,825 |
| Savings and temporary cash investments | $71,957 |
| 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 | $265,273 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,375 |
| Total assets | $877,559 |
| 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, Gullquist-Mullin Family Foundation has awarded $82,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: UNRESTRICTED | $10,000 |
DENISON UNIVERSITY PURPOSE: UNRESTRICTED | $10,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED | $7,500 |
SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY PURPOSE: UNRESTRICTED | $15,000 |
GEORGETOWN UNIVERSITY PURPOSE: UNRESTRICTED | $500 |
SHELTERING ARMS PURPOSE: UNRESTRICTED | $16,000 |