Ann B Gipson Charitable Foundation Inc
- Assets
- $3.5m
- Revenue
- $418.8k
- Investments
- $3.4m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 08/2012
- Data as of
- 06/2022
- EIN
- 27-4340754
Organization Overview
Ann B Gipson Charitable Foundation Inc is located in Louisville, KY. The organization was established in 2012. 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. Ann B Gipson Charitable 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 06/2022, Ann B Gipson Charitable Foundation Inc generated $418.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $192.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ann B Gipson Charitable Foundation Inc has awarded 115 individual grants totaling $2,505,798. 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 |
|---|---|---|---|
Ann B Gipson President | 0.5 | $0 | |
Patrick J Reeves Secretary | 0.25 | $0 | |
Eric Reeves Vice-Preside | 0.25 | $0 | |
Angela Reeves Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $490 |
| Dividends & Interest | $50,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $473,339 |
| Capital Gain Net Income | $473,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$105,471 |
| Total Revenue | $418,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,071 |
| Contributions, gifts, grants paid | $168,070 |
| Total expenses and disbursements | $192,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,777 |
| 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 | $3,397,478 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,461,255 |
| 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, Ann B Gipson Charitable Foundation Inc has awarded $168,070 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING AMERICA PURPOSE: FEED AMERICA'S HUNGRY | $5,000 |
WHOLEHEARTED ORPHANAGE PURPOSE: OPS: PROVIDE CHRIST-CENTERED HAITI | $10,000 |
SALVATION ARMY PURPOSE: OPS: MEET AND HELP HUMANS IN JESUS | $5,000 |
WHOLEHEARTED ORPHANAGE PURPOSE: OPS: PROVIDE CHRIST-CENTERED HAITI | $10,000 |
SALVATION ARMY PURPOSE: OPS: MEET AND HELP HUMANS IN JESUS | $5,000 |
HAITIAN CHRISTIAN MISSION PURPOSE: OPS: BUILD BETTER HAITIAN COMMUNITY | $25,000 |