Gordon Street Foundation
- Assets
- $4.7m
- Revenue
- $129.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/1959
- Data as of
- 12/2022
- EIN
- 62-0634450
Organization Overview
Gordon Street Foundation is located in Chattanooga, TN. The organization was established in 1959. 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. Gordon Street 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, Gordon Street Foundation generated $129.6k 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 (18.4%) each year. All expenses for the organization totaled $345.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS HEALTH CAMP WAS BUILT SPECIFICALLY FOR HANDICAPPED CHILDREN AND IS AVAILABLE WITHOUT CHARGE TO ANY NATIONALLY RECOGNIZED HANDICAPPED CHILDREN'S ORGANIZATION. SUCH AN ORGANIZATION MAY SCHEDULE A PERIOD DURING THE YEAR WHEN IT WISHES TO CONDUCT A CAMP, AND ALL PHYSICAL FACILITIES ARE FURNISHED WITHOUT CHARGE. THE ORGANIZATION IS REQUIRED TO FURNISH ITS OWN SUPERVISORY PERSONNEL BECAUSE OF THE DIFFERENT AND SPECIALIZED TYPES OF SUPERVISION REQUIRED REGULARLY BY THE FOLLOWING OPERATIONS: 1. TENNESSEE CAMP FOR DIABETIC CHILDREN (OPERATED BY THE TENNESSEE DIABETES ASSOCIATION)2. ORANGE GROVE SCHOOL (CAMP FOR MENTALLY HANDICAPPED CHILDREN)THE CAMP FACILITIES ARE AVAILABLE AS TIME PERMITS TO SIMILAR ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Street Smith Trustee, President | 3 | $0 | |
Sara S Crimmins Secretary | 1 | $0 | |
Lowrance S Runge Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,487 |
| Dividends & Interest | $86,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,273 |
| Capital Gain Net Income | $39,273 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $47,444 |
| Pension plans, employee benefits | $3,897 |
| Interest | $0 |
| Taxes | $7,239 |
| Depreciation | $19,321 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $261,332 |
| Total operating and administrative expenses | $345,644 |
| Contributions, gifts, grants paid | $250 |
| Total expenses and disbursements | $345,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445 |
| Savings and temporary cash investments | $240,245 |
| 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 | $352,718 |
| Net Land, buildings, and equipment | $502,989 |
| Other assets | $210 |
| Total assets | $4,690,470 |
| 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 | $100 |
| Total liabilities | $100 |