The Larry Gilbert Foundation Inc
- Assets
- $144.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 31-1524605
Organization Overview
The Larry Gilbert Foundation Inc is located in Lexington, KY. The organization was established in 1998. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larry Gilbert 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 12/2022, Larry Gilbert Foundation Inc generated $28.3k 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 (10.7%) each year. All expenses for the organization totaled $27.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE LARRY GILBERT INTER-CLUB JR. GOLF TOUR WAS HELD. THE TOUR GROSSED $1,201. THIS PROGRAM PROVIDED YOUTH GOLFERS INSTRUCTION AND PLAYING OPPORTUNITIES AT VARIOUS LEXINGTON AREA GOLF COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Turcotte Chairman | 10 | $0 | |
Ryan Key Treasurer, Co-Chairman | 2 | $0 | |
Todd Sallee Vice Chairman, Director | 2 | $0 | |
Carol Bryant Secretary, Director | 2 | $0 | |
Joe Brumley Director | 1 | $0 | |
Steve Deaton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $27,682 |
| Membership dues | $0 |
| Investment income | $396 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,328 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $849 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $40 |
| Other expenses | $26,429 |
| Total expenses | $27,318 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,048 |
| Other assets | $0 |
| Total assets | $144,798 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,798 |