G Foundation Corp
- Assets
- $18.5m
- Revenue
- $113.7k
- Investments
- $17.6m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/2005
- Data as of
- 06/2023
- EIN
- 20-1897544
Organization Overview
G Foundation Corp is located in Boca Raton, FL. The organization was established in 2005. 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. G Foundation Corp 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 06/2023, G Foundation Corp generated $113.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, G Foundation Corp has awarded 91 individual grants totaling $1,401,860. 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 |
|---|---|---|---|
Clifford J Cideko CEO | 10 | $70,000 | |
John S Hand Director | 2 | $10,000 | |
Randolph H James Secy/treas | 10 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $513,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$400,240 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| 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 | $923 |
| Other expenses | $8,330 |
| Total operating and administrative expenses | $329,958 |
| Contributions, gifts, grants paid | $947,000 |
| Total expenses and disbursements | $1,276,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,069 |
| Savings and temporary cash investments | $362,131 |
| 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 | $9,811,449 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,474,601 |
| 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 | $854 |
| Total liabilities | $854 |
Grants Awarded
Over the last fiscal year, G Foundation Corp has awarded $947,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
GAY MEN'S CHORUS OF SOUTH FLORIDA PURPOSE: UNRESTRICTED PERFORMING ARTS RELATED DONATION | $22,000 |
POVERELLO PURPOSE: UNRESTRICTED HIV/AIDS RELATED SUPPORT GRANT | $10,000 |
NATIONAL FEDERATION FOR THE BLIND PURPOSE: UNRESTRICTED OPERATING GRANT FOR THE BENEFIT OF THE BLIND | $10,000 |
ISLAND CITY STAGE PURPOSE: UNRESTRICTED PERFORMING ARTS RELATED OPERATING DONATION | $20,000 |
LAMBDA LEGAL PURPOSE: UNRESTRICTED OPERATING DONATION FOR THE SUPPORT OF LGBTQ CIVIL RIGHTS | $45,000 |
BOCA HELPING HANDS INC PURPOSE: UNRESTRICTED OPERATING DONATION TO PROVIDE FOOD, MEDICAL AND FINANCIAL ASSISTANCE TO THE INDIGENT | $40,000 |