Gayle S Rose Foundation Inc
- Assets
- $720.5k
- Revenue
- $205.1k
- Investments
- $717.4k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/2000
- Data as of
- 04/2016
- EIN
- 31-1691553
Organization Overview
Gayle S Rose Foundation Inc is located in Memphis, TN. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Gayle S Rose 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT OTHE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ASSIST THE COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. IN CARRYING OUT ITS CHARITABLE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY PROGRAM IS TO RECEIVE & ACCEPT PROPERTY TO BE USED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN & FOR THE BENEFIT OF THE COMMUNITY OF MEMPHIS & SHELBY COUNTY AND THE VICINITY THEREOF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle S Rose Chair | OfficerTrustee | 30 | $0 |
Morgan D Rose Director | Trustee | 1 | $0 |
Robert M Fockler President | OfficerTrustee | 1 | $0 |
Mack E Mccaul Jr Treasurer | OfficerTrustee | 1 | $0 |
J Martin Regan Jr Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,413 |
| Total Program Service Revenue | $0 |
| Investment income | $14,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,433 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,983 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $335,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $717,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $570 |
| Total assets | $720,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $720,467 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $720,467 |
Grants Awarded
Over the last fiscal year, Gayle S Rose Foundation Inc has awarded $322,432 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: WIRE TRANSFER 6/8/15 | $10,000 |
AMATEUR ATHLETIC UNION OF THE US MIDSOUTH BASKETBALL ACADEMY PURPOSE: SPORTS/LEISURE | $500 |
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: WIRE TRANSFER 12/1/15 | $89,242 |
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: WIRE TRANSFER 9/17/15 | $431 |
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: WIRE TRANSFER 5/7/15 | $50,000 |
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: WIRE TRANSFER 6/25/15 | $6,299 |