Gbl Foundation Inc
- Assets
- $2.2m
- Revenue
- $31.5k
- Investments
- $2.1m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8056266
Organization Overview
Gbl Foundation Inc is located in Waltham, MA. The organization was established in 2007. 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. Gbl 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 12/2022, Gbl Foundation Inc generated $31.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $160.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gbl Foundation Inc has awarded 57 individual grants totaling $1,025,185. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Labossiere President/treasurer | 0 | $20,000 | |
Judith Brunaccini Clerk/director | 0 | $0 | |
Robert Labossiere Director | 0 | $0 | |
Nancy Higgins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $302 |
| Dividends & Interest | $77,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,768 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $31,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,167 |
| Contributions, gifts, grants paid | $115,250 |
| Total expenses and disbursements | $160,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,763 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,197,050 |
| 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, Gbl Foundation Inc has awarded $115,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER CANCER INSTITUTE PURPOSE: CANCER RESEARCH | $25,000 |
MASS GENERAL HOSPITAL PURPOSE: MEDICAL RESEARCH | $20,000 |
ENDICOTT COLLEGE PURPOSE: SUPPORT OF EDUCATIONAL PROGRAMS | $35,000 |
CAM NEELY FOUNDATION PURPOSE: TO SUPPORT CANCER RESEARCH. | $10,000 |
CHILDRENS HOSPITAL PURPOSE: UNRESTRICTED | $25,000 |
PAUL LOGUE CHARITABLE FOUNDATION PURPOSE: RECREATION, SPORTS, LEISURE, AND ATHLETICS THE NEEDY. | $250 |