Raymond V And Gladys H Gilmartin Foundation Inc
- Assets
- $707.4k
- Revenue
- $40.2k
- Investments
- $678.4k
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 22-3513913
Organization Overview
Raymond V And Gladys H Gilmartin Foundation Inc is located in Hobe Sound, FL. The organization was established in 1997. 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. Raymond V And Gladys H Gilmartin 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, Raymond V And Gladys H Gilmartin Foundation Inc generated $40.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $92.7k during the year ending 12/2023. While expenses have increased by 5.6% 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, Raymond V And Gladys H Gilmartin Foundation Inc has awarded 36 individual grants totaling $633,777. 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
NONE
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 |
|---|---|---|---|
Raymond V Gilmartin Trustee | 5 | $0 | |
Gladys H Gilmartin Trustee | 5 | $0 | |
Beth Gilmartin Trustee | 5 | $0 | |
Sara Gilmartin Trustee | 5 | $0 | |
John Gilmartin Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $114 |
| Dividends & Interest | $25,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,204 |
| Capital Gain Net Income | $14,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,640 |
| Contributions, gifts, grants paid | $82,046 |
| Total expenses and disbursements | $92,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,028 |
| 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 | $707,420 |
| 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, Raymond V And Gladys H Gilmartin Foundation Inc has awarded $82,046 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
2ND HARVEST OF SILICON VALLEY PURPOSE: DONATION | $12,046 |
EASESIDE COLLEGE PREP SCHOOL PURPOSE: DONATION | $15,000 |
ALEX'S LEMONADE STAND FDN PURPOSE: DONATION | $30,000 |
FRIENDS OF THE CHILDREN NEW YORK PURPOSE: DONATION | $25,000 |