Gumerlock Family Foundation
- Assets
- $1.2m
- Revenue
- $66.2k
- Investments
- $628.0k
- Employees
- 0
- Location
- Pacific Grove, CA
- Founding
- 07/1998
- Data as of
- 06/2024
- EIN
- 36-4200084
Organization Overview
Gumerlock Family Foundation is located in Pacific Grove, CA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Gumerlock Family 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 06/2024, Gumerlock Family Foundation generated $66.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $99.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gumerlock Family Foundation has awarded 45 individual grants totaling $1,050,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Liu President, Dir | 0 | $0 | |
Shouheng Liu Gumerlock Secretary, Dir | 0 | $0 | |
Robert S Gumerlock Treasurer, Dir | 0 | $0 | |
Karl Gumerloack Vice President, Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $33,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,397 |
| Capital Gain Net Income | $32,397 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $640 |
| Total operating and administrative expenses | $2,974 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $98,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $580,946 |
| 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 | $628,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,208,969 |
| 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, Gumerlock Family Foundation has awarded $96,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EVERYBODY SOLAR PURPOSE: TO HELP NONPROFITS TRANSITION TO RENEWABLE ENERGY | $20,000 |
JAIL GUITAR DOORS PURPOSE: FOR THE GENERAL OPERATING EXPENSES OF JAIL GUITAR DOORS | $20,000 |
SACRED ROK PURPOSE: TO SUPPORT AT RISK YOUTH IN NATURE | $20,000 |
FOTOKIDS TO CAPTURE DREAMS PURPOSE: TO AID IN TRANSFORMING AND EMPOWERING STUDENTS THROUGH VOCATIONAL MEDIA, MEDIA ARTS TRAINING, AND EDUCATIONAL SCHOLARSHIPS. | $10,000 |
PALENKE ARTS PURPOSE: TO EDUCATE AND INSPIRE THE COMMUNITY THROUGH ARTS | $16,000 |
BREATHE ONE TRANSITIONAL & REENTRY SERVICE PURPOSE: TO PROVIDE HEALING CENTERED COACHING AND COUNSELING. | $10,000 |