Gudem-Jean Foundation
- Assets
- $0.0
- Revenue
- $13.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 47-1126058
Organization Overview
Gudem-Jean Foundation is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, Gudem-Jean Foundation generated $13.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $5.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THIS REPORTING YEAR, THE GUDEM-JEAN FOUNDATION MADE FINANCIAL CONTRIBUTIONS TO ONE US-BASED REGISTERED CHARITABLE ORGANIZATION, COMPUTERS 2 KIDS, SAN DIEGO.THE PURPOSE OF THIS CONTRIBUTION IS FOR GENERAL SUPPORT OF THE ORGANIZATION'S MISSION WHICH STATES, "COMPUTERS 2 KIDS, SAN DIEGO BELIEVES ALL CHILDREN AND THEIR FAMILIES IN SAN DIEGO, REGARDLESS OF THEIR ECONOMIC STATUS, NEED TO BE COMPUTER LITERATE AND HAVE EQUAL ACCESS TO TECHNOLOGY AND THE CRUCIAL EDUCATIONAL, OCCUPATIONAL, AND FINANCIAL RESOURCES THAT TECHNOLOGY CAN PROVIDE TO IMPROVE THEIR EDUCATIONAL OPTIONS AND THEIR FUTURES."THE RECIPIENT ORGANIZATION CONFIRMED IN WRITING THAT NO GOODS OR SERVICES WERE RECEIVED BY THE GUDEM-JEAN FOUNDATION IN EXCHANGE FOR THIS CONTRIBUTION.
FOR THE PURPOSE OF CLOSING THIS REPORTING YEAR AND DISSOLVING THE ORGANIZATION, THE GUDEM-JEAN FOUNDATION MADE FINANCIAL CONTRIBUTIONS TO ONE US-BASED REGISTERED CHARITABLE ORGANIZATION, JACOBS & CUSHMAN SAN DIEGO FOOD BANK.THE PURPOSE OF THIS CONTRIBUTION IS FOR GENERAL SUPPORT OF THE ORGANIZATION'S MISSION WHICH STATES, "HE JACOBS & CUSHMAN SAN DIEGO FOOD BANK AND OUR NORTH COUNTY FOOD BANK CHAPTER PROVIDE NUTRITIOUS FOOD TO PEOPLE IN NEED, ADVOCATE FOR THE HUNGRY, AND EDUCATE THE PUBLIC ABOUT HUNGER-RELATED ISSUES."THE RECIPIENT ORGANIZATION CONFIRMS IN WRITING THAT NO GOODS OR SERVICES WERE RECEIVED BY THE GUDEM-JEAN FOUNDATION IN EXCHANGE FOR THIS CONTRIBUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prasad Gudem President | 1 | $0 | |
Jacinte Jean Sec'y/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $1,016 |
| Contributions, gifts, grants paid | $4,091 |
| Total expenses and disbursements | $5,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Gudem-Jean Foundation has awarded $600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OCEAN DISCOVERY INSTITUTE PURPOSE: GENERAL SUPPORT | $300 |
TRAVELING STORIES PURPOSE: GENERAL SUPPORT | $300 |