Gates Industrial Corporation Foundation
- Assets
- $6.6m
- Revenue
- $462.9k
- Investments
- $6.4m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 31-1207183
Organization Overview
Gates Industrial Corporation Foundation is located in Denver, CO. The organization was established in 1989. 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. Gates Industrial Corporation 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 12/2022, Gates Industrial Corporation Foundation generated $462.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $669.5k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Montgomery President & Secretary | 1 | $0 | |
Mark Swanson Vice President Global Tax | 1 | $0 | |
Jeffrey Davison Assistant Treasurer | 1 | $0 | |
Cristen Bracken Assistant Secretary | 1 | $0 | |
Sylvia Church Director | 1 | $0 | |
Gwen Montgomery Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,719 |
| Dividends & Interest | $240,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,822 |
| Capital Gain Net Income | $189,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $462,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | -$18,565 |
| Taxes | $10,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | -$8,196 |
| Contributions, gifts, grants paid | $677,725 |
| Total expenses and disbursements | $669,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,071 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,273 |
| 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 | $6,630,450 |
| 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 |