Gebbie Foundation Inc
- Assets
- $75.2m
- Revenue
- $2.9m
- Investments
- $73.3m
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 11/1965
- Data as of
- 12/2023
- EIN
- 16-6050287
Organization Overview
Gebbie Foundation Inc is located in Jamestown, NY. The organization was established in 1965. 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. Gebbie 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 12/2023, Gebbie Foundation Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gebbie Foundation Inc has awarded 206 individual grants totaling $54,656,366. 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 |
|---|---|---|---|
Nancy Gleason President | 5 | $0 | |
Derek Watkins Vice-President | 5 | $0 | |
Simone Sellstrom Treasurer | 5 | $0 | |
Jacqeiline Phelps Secretary | 5 | $0 | |
Elizabeth Bauman Director | 5 | $0 | |
Dr Lynn Dunham Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $761 |
| Dividends & Interest | $1,825,616 |
| Net Rental Income | -$10,796 |
| Net Gain on Sale of Assets | $634,116 |
| Capital Gain Net Income | $634,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $414,584 |
| Total Revenue | $2,885,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $298,300 |
| Pension plans, employee benefits | $58,365 |
| Interest | $0 |
| Taxes | $53,559 |
| Depreciation | $7,064 |
| Occupancy | $42,050 |
| Travel, conferences, and meetings | $7,750 |
| Printing and publications | $0 |
| Other expenses | $68,855 |
| Total operating and administrative expenses | $841,874 |
| Contributions, gifts, grants paid | $3,650,004 |
| Total expenses and disbursements | $4,491,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,471 |
| Savings and temporary cash investments | $336,185 |
| 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 | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,017 |
| Net Investments - land, buildings, equipment | $1,278,973 |
| Investments—mortgage loans | $0 |
| Investments—other | $73,304,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $64,419 |
| Total assets | $75,226,464 |
| Accounts payable and accrued expenses | $4,675 |
| Grants payable | $3,574,996 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,282 |
| Total liabilities | $3,581,953 |
Grants Awarded
Over the last fiscal year, Gebbie Foundation Inc has awarded $6,024,189 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CHAUTAUQUA INSTITUTION PURPOSE: BELLINGER AWARD | $1,000 |
CHAUTAUQUA REGION COMMUNITY FOUNDATION PURPOSE: COMMUNITY SERVICE GRANTS AND NEY/STINEMAN SCHOLARSHIP FUND | $31,000 |
GLENWOOD CEMETERY FOUNDATION INC PURPOSE: ANNUAL GRANT | $2,000 |
CITY OF JAMESTOWN URBAN RENEWAL AGENCY PURPOSE: URBAN DESIGN | $70,000 |
DIRECTORS DISCRETIONARY GRANTS PURPOSE: VARIOUS ORGANIZATIONS AND ECONOMIC DEVELOPMENT | $87,859 |
JAMESTOWN CENTER CITY DEVELOPMENT CORP PURPOSE: ICE ARENA OPERATIONS/CAPITAL IMPROVEMENTS/SINKING FUND-TAXABLE REFUNDING BONDS/ARENA EXPANSION PROJECT | $2,008,828 |