Gibson-Woodbury Charitable Foundation
- Assets
- $3.8m
- Revenue
- $407.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- North Conway, NH
- Founding
- 10/2010
- Data as of
- 06/2022
- EIN
- 27-2986345
Organization Overview
Gibson-Woodbury Charitable Foundation is located in North Conway, NH. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gibson-Woodbury 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 2015, Gibson-Woodbury Charitable Foundation has awarded 77 individual grants totaling $1,257,646. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS BASED UPON SOLICITATIONS AND GRANT PROPOSALS AT SEMI-ANNUAL BOARD MEETINGS. AS PART OF THIS PROGRAM THE ORGANIZATION'S EXECUTIVE DIRECTOR ALSO CONSULTS WITH LOCAL NON-PROFIT CHARITIES WITH REGARDS TO ASSISTING IN THE CONCEPTUAL ASPECTS OF THEIR OPERATIONS AND CAPITAL CAMPAIGNS AT NO COST TO THE ORGANIZATIONS.
DURING THE YEAR ENDED JUNE 30, 2018 THE FOUNDATION PURCHASED AND IMPROVED THE FORMER NORTH CONWAY COMMUNITY CENTER IN ORDER TO ESTABLISH A NORTH CONWAY HOME FOR THE NEW ENGLAND SKI MUSEUM (A 501(C)(3) PUBLIC CHARITY). THE FOUNDATION LEASES THIS PROPERTY TO THE MUSEUM FOR $1 PER ANNUM. DURING THE YEAR ENDED JUNE 30, 2022 THE FOUNDATION INCURRED $6,838 OF IMPROVEMENTS ON THE PROPERTY.
ONE OF THE FOUNDATION'S ONGOING PROGRAMS PROVIDES FOR MAINTENANCE AND REPAIRS OF LOCAL CEMETERIES THAT HAVE FALLEN INTO DISREPAIR OR HAVE BEEN SUBJECT TO VANDALISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Butterfield Trustee/exec. Dir. | 40 | $60,000 | |
Kenneth V Cargill ESQ Trustee | 2 | $7,000 | |
Thomas Smith Advisor | 0.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $29,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $377,838 |
| Capital Gain Net Income | $377,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $407,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $19,103 |
| Interest | $0 |
| Taxes | $8,608 |
| Depreciation | $3,965 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,249 |
| Total operating and administrative expenses | $112,790 |
| Contributions, gifts, grants paid | $146,500 |
| Total expenses and disbursements | $259,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,915 |
| 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 | $140,745 |
| Other assets | $0 |
| Total assets | $3,841,579 |
| 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, Gibson-Woodbury Charitable Foundation has awarded $146,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MWV TRAILS ASSOCIATION PURPOSE: GRANT TOWARDS CAPITAL CAMPAIGN FOR CONSTRUCTION OF NEW PUBLIC TRAIL SYSTEM | $30,000 |
North Conway, NH PURPOSE: FUNDING TOWARDS OPERATING AND LANDSCAPING COSTS AT COMMUNITY CENTER | $20,000 |
Conway, NH PURPOSE: FUNDING TOWARDS PURCHASE OF ENVIROMENTAL LAND EASEMENT PURCHASE | $15,000 |
Albany, NH PURPOSE: FUNDING TOWARDS ENVIROMENTAL EDUCATIONAL PROGRAMS | $15,000 |
North Conway, NH PURPOSE: FUNDING TOWARDS ELDERLY HEALTH CARE AND HOSPICE SERVICES | $10,000 |
North Conway, NH PURPOSE: FUNDING TOWARDS FINANCIAL AID FOR CANCER PATIENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |