H G Gillespie Foundation
- Assets
- $846.8k
- Revenue
- $40.9k
- Investments
- $722.1k
- Employees
- 0
- Location
- Edinboro, PA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 25-6035948
Organization Overview
H G Gillespie Foundation is located in Edinboro, PA. The organization was established in 2004. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. H G Gillespie 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 12/2021, H G Gillespie Foundation generated $40.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $39.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP THE ORGANIZATION PROVIDED $30,000 IN EDUCATIONAL SCHOLARSHIPS
COMMUNITY SUPPORT THE ORGANIZATION PROVIDES SUPPORT TO VARIOUS NONPROFIT COMMUNITY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Austin President | 2 | $0 | |
Pauline Kraus Secretary | 2 | $0 | |
Jon Foulkrod Treasurer | 2 | $0 | |
Robert Walker Director | 1 | $0 | |
Ted Scarlett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,229 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $39,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,508 |
| Savings and temporary cash investments | $18,204 |
| 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 | $722,106 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $846,818 |
| 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, H G Gillespie Foundation has awarded $86,127 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GENERAL MCLANE HIGH SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $37,500 |
EDINBORO VOLUNTEER FIRE DEPARTMENT PURPOSE: GRANT | $3,000 |
EDINBORO CEMETARY ASSOCIATION PURPOSE: GRANT | $38,127 |
MISCELLANEOUS GRANTS PURPOSE: GRANT | $7,500 |