Gainesville Charitable Foundation Inc
- Assets
- $1.3m
- Revenue
- -$15.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 11/1981
- Data as of
- 12/2023
- EIN
- 59-2123620
Organization Overview
Gainesville Charitable Foundation Inc is located in Gainesville, FL. The organization was established in 1981. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gainesville Charitable 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.
For the year ending 12/2023, Gainesville Charitable Foundation Inc generated -$15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $107.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gainesville Charitable Foundation Inc has awarded 95 individual grants totaling $489,631. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GAINESVILLE CHARITABLE FOUNDATION IS A CHARITABLE FOUNDATION WHOSE PURPOSE IS TO AID EFFORTS TOWARD THE PREVENTION AND AMELIORATION OF INFIRMITIES OF CHILDREN AND ADULTS RESULTING FROM CRIPPLING, DISABILITY OR BURNS; TOGETHER WITH GENERALLY CHARITABLE ENDEAVORS OF A SCIENTIFIC, MEDICAL OR EDUCATIONAL NATURE, TO FOSTER YOUTH PROGRAMS, COMMUNITY CHARITY, SCHOLARSHIPS, AND OTHER PURPOSES AND QUALIFIED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFICATION INFORMATION IS COLLECTED AND ELECTRONICALLY STORED SO THAT AGENCIES CAN HAVE IT AVAILABLE SHOULD A CHILD BE LOST OR ABDUCTED. GCF PROVIDES SUPPLIES, CD STORAGE, COMPUTER EQUIPMENT AND PAPER. BOY SCOUTS PROVIDES RECREATION AND TRAINING TO ALL INTERESTED YOUNG BOYS. OTHER LOCAL CHARITABLE ENDEAVORS SUPPORT THE COMMUNITY. IN ADDITION TO CASH GRANTS, OFFICE SPACE WAS PROVIDED WITHOUT CHARGE TO THE BOY SCOUTS AND TO THE MASONIC CHILD ID PROGRAM WITH FAIR MARKET VALUE IN EXCESS OF THE COST. THESE NON-CASH CONTRIBUTIONS OF 21,600 ARE NOT INCLUDED IN THE GRANT AMOUNTS LISTED.
SUPPORTING COMMUNITY CHARITIES IN THE NORTH CENTRAL FLORIDA AREA
ALACHUA COUNTY SCHOOLS WERE GIVEN CHRISTMAS FOOD BASKETS AND MONETARY GRANTS TO DISTRIBUTE SCHOLARSHIPS TO DESERVING STUDENTS. THE UNIVERSITY OF FLORIDA AND SANTA FE COLLEGE GRANTS PROVIDE SCHOLARSHIP SUPPORT FOR STUDENTS.
THE MOROCCO SHRINE CHILDREN'S HOSPITAL TRANSPORTATION FUND WAS SUPPORTED BY A MONETARY GRANT SO THAT BURNED OR CRIPPLED CHILDREN IN NEED WOULD HAVE ACCESS TO THE MEDICAL FACILITIES WHICH SPECIALIZE IN CHILDREN'S CARE. STOP CHILDREN'S CANCER, THE SCOTTISH RITE FOUNDATION, THE SEBASTIAN FERRERO FOUNDATION, AND OTHER 501(C)(3) ORGANIZATIONS ARE SUPPORTED TO HELP PROVIDE SERVICES TO CHILDREN WITH MEDICAL PROBLEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Bourg President | 2 | $0 | |
Raymond M Davis Jr Director | 1 | $0 | |
Dr Seigfred Fagerberg Director | 1 | $0 | |
Charles Richard Goodnight Director | 1 | $0 | |
Edward C Jones Jr Treasurer | 2 | $0 | |
Bruce Kirby Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $30,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,137 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $445 |
| Total Revenue | -$15,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,861 |
| Occupancy | $10,977 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $15,049 |
| Total operating and administrative expenses | $42,737 |
| Contributions, gifts, grants paid | $64,542 |
| Total expenses and disbursements | $107,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,200 |
| Savings and temporary cash investments | $30,385 |
| 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 | $38,407 |
| Other assets | $2,413 |
| Total assets | $1,302,813 |
| 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, Gainesville Charitable Foundation Inc has awarded $64,542 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION FOUNDATION OF ALACHUA COU PURPOSE: EDUCATION/CHILDREN'S SERVICES | $14,942 |
SANTA FE COLLEGE PURPOSE: SCHOLARSHIPS | $10,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHILDREN'S SERVICES | $4,000 |
GAINESVILLE FISHER HOUSE PURPOSE: EDUCATION/CHILDREN'S SERVICES | $1,000 |
UNIV OF FL FOUNDATION PURPOSE: SCHOLARSHIPS | $1,000 |
SCOTTISH RITE FOUNDATION OF FL PURPOSE: CHILDREN'S SPEECH PROGRAM | $1,500 |