Gelco Charitable Foundation
- Assets
- $6.1m
- Revenue
- -$474.4k
- Investments
- $5.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-3818744
Organization Overview
Gelco Charitable Foundation is located in Wilmington, DE. The organization was established in 2006. 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. Gelco Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Gelco Charitable Foundation has awarded 518 individual grants totaling $2,089,061. 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 |
|---|---|---|---|
Kelly Keudell VP | 1 | $0 | |
Kristin Mccall VP | 1 | $0 | |
James D Monaghan Pres, Dir, Sec | 1 | $0 | |
Kevin Monaghan VP | 1 | $0 | |
Lorna Monaghan VP | 1 | $0 | |
Corinne Raffensperger VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,499 |
| Dividends & Interest | $145,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$624,675 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,881 |
| Total Revenue | -$474,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,099 |
| Total operating and administrative expenses | $79,968 |
| Contributions, gifts, grants paid | $346,000 |
| Total expenses and disbursements | $425,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $768,039 |
| 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 | $6,144,258 |
| 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, Gelco Charitable Foundation has awarded $346,000 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
40 DAYS FOR LIFE PURPOSE: GENERAL & UNRESTRICTED | $14,500 |
ARCHBISHOP FRANCIS NORBERT BLANCHET SCHOOL PURPOSE: RELIGIOUS EDUCATION AND CATHOLIC ICONS | $3,000 |
ARCHDIOCESE OF PORTLAND IN OREGON PURPOSE: ARCHBISHOP'S CATHOLIC APPEAL QUEEN OF PEACE PARISH FUND | $2,000 |
ARCHDIOCESE OF PORTLAND IN OREGON PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ASSISTANCE LEAGUE OF SALEM-KEIZER OREGON PURPOSE: GENERAL & UNRESTRICTED | $500 |
BLANCHET CATHOLIC SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |