Josephine Gumbiner Foundation
- Assets
- $11.2m
- Revenue
- $572.4k
- Investments
- $11.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 33-0345249
Organization Overview
Josephine Gumbiner Foundation is located in Long Beach, CA. The organization was established in 1990. 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. Josephine Gumbiner 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, Josephine Gumbiner Foundation generated $572.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Josephine Gumbiner Foundation has awarded 233 individual grants totaling $3,395,531. 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 |
|---|---|---|---|
Alis Gumbiner President | 1 | $1,000 | |
Erin Gumbiner Director | 1 | $750 | |
Dennis Rockway Director | 1 | $1,000 | |
Burke Gumbiner CFO | 1 | $1,000 | |
Lee Gumbiner Vice President | 1 | $750 | |
Julie Meenan Executive Dir. | 40 | $123,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $336,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $235,880 |
| Capital Gain Net Income | $235,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $572,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,500 |
| Other employee salaries and wages | $21,075 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,863 |
| Depreciation | $264 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,692 |
| Total operating and administrative expenses | $318,005 |
| Contributions, gifts, grants paid | $916,499 |
| Total expenses and disbursements | $1,234,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,345 |
| 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 | $15,093 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $328 |
| Other assets | $0 |
| Total assets | $11,181,003 |
| 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, Josephine Gumbiner Foundation has awarded $916,499 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AQUARIUM OF THE PACIFIC PURPOSE: GENERAL DONATION | $5,000 |
LONG BEACH MUSEUM OF ART PURPOSE: GENERAL DONATION | $5,000 |
LONG BEACH SYMPHONY ORCHESTRA PURPOSE: GENERAL DONATION | $5,649 |
MUSEUM OF LATIN AMERICAN ART PURPOSE: GENERAL DONATION | $8,000 |
BAKER FOUNDATION PURPOSE: GENERAL DONATION | $3,000 |
RANCHO LOS CERRITOS PURPOSE: GENERAL DONATION | $2,500 |