William Gaston Allen Foundation
- Assets
- $3.6m
- Revenue
- $748.9k
- Investments
- $3.5m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 03/2019
- Data as of
- 02/2024
- EIN
- 35-7201867
Organization Overview
William Gaston Allen Foundation is located in Orlando, FL. The organization was established in 2019. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Gaston Allen 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 02/2024, William Gaston Allen Foundation generated $748.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $185.5k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William Gaston Allen Foundation has awarded 12 individual grants totaling $558,781. 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 |
|---|---|---|---|
Truist Bank Lead Trustee | 1 | $28,719 | |
Ray Warren Trustee | 1 | $0 | |
Rick Clayton Trustee | 1 | $0 | |
Taylor Greg Potter Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $613 |
| Dividends & Interest | $90,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $657,527 |
| Capital Gain Net Income | $657,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $748,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,719 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $555 |
| Total operating and administrative expenses | $38,547 |
| Contributions, gifts, grants paid | $147,000 |
| Total expenses and disbursements | $185,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,178 |
| Savings and temporary cash investments | $72,577 |
| 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 | $1,984,479 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $400 |
| Total assets | $3,589,962 |
| 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, William Gaston Allen Foundation has awarded $147,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR SCHOLARSHIP ADMINISTRATION PURPOSE: GENERAL OPERATING | $90,000 |
WAYNE COMMUNITY FOUNDATION TRUST PURPOSE: GENERAL OPERATING | $19,000 |
BRUNSWICK TECHNICAL COLLEGE FDN PURPOSE: GENERAL OPERATING | $19,000 |
WAKE TECHNICAL COMMUNITY COLLEGE PURPOSE: GENERAL OPERATING | $19,000 |