Elizabeth M Gitt Foundation
- Assets
- $844.8k
- Revenue
- $29.2k
- Investments
- $761.2k
- Employees
- 0
- Location
- Kutztown, PA
- Founding
- 09/1995
- Data as of
- 05/2024
- EIN
- 23-2790834
Organization Overview
Elizabeth M Gitt Foundation is located in Kutztown, PA. The organization was established in 1995. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Elizabeth M Gitt Foundation 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 05/2024, Elizabeth M Gitt Foundation generated $29.2k 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 (4.5%) each year. All expenses for the organization totaled $139.4k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elizabeth M Gitt Foundation has awarded 194 individual grants totaling $1,059,595. 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 |
|---|---|---|---|
Carson G Taylor Esquire President | 0 | $0 | |
Andrew L Schaeffer Treasurer | 0 | $0 | |
Cynthia Gitt Secretary | 0 | $0 | |
Douglas F Rebert Director | 0 | $0 | |
Jessica G Nembhard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,973 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,775 |
| Total operating and administrative expenses | $20,396 |
| Contributions, gifts, grants paid | $119,000 |
| Total expenses and disbursements | $139,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,571 |
| 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 | $17,458 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,759 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $52,000 |
| 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 | $52,000 |
Grants Awarded
Over the last fiscal year, Elizabeth M Gitt Foundation has awarded $119,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS REPRODUCTIVE CARE SOUTHEAST PURPOSE: SAFE/COMPASSIONATE REPRODUCTIVE CARE | $4,000 |
CURE ALZHEIMER'S FUND PURPOSE: RESEARCH PURPOSES | $4,000 |
EAST YARD COMMUNITIES ENVIRONMENTAL PURPOSE: ENVIRONMENTAL JUSTICE | $2,000 |
ECOLOGICAL DEMOCRACY INST PURPOSE: EDUCATIONAL ASST/GEO GENERAL OPERAT | $15,000 |
EVEN GROUND PURPOSE: EDUCATION IN SOUTH AFRICA | $15,000 |
ENGINEERS WITHOUT BORDERS MONTANA PURPOSE: MSU CHAPTER INFRASTRUCTURE PROJECTS | $5,000 |