James A Gammon Charitable Foundation Inc
- Assets
- $3.1m
- Revenue
- $75.5k
- Investments
- $3.0m
- Employees
- 0
- Location
- Merrillville, IN
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 62-1474246
Organization Overview
James A Gammon Charitable Foundation Inc is located in Merrillville, IN. The organization was established in 1991. 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. James A Gammon 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, James A Gammon Charitable Foundation Inc generated $75.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $210.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James A Gammon Charitable Foundation Inc has awarded 40 individual grants totaling $565,847. 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 |
|---|---|---|---|
Viola Ann Gammon Botterman Dir/v.p. | 1 | $3,000 | |
James A Gammon III Dir/pres. | 1 | $3,000 | |
George W Carberry Dir/sec'y | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,061 |
| Dividends & Interest | $98,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,335 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $399 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,453 |
| Total operating and administrative expenses | $70,167 |
| Contributions, gifts, grants paid | $140,732 |
| Total expenses and disbursements | $210,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,777 |
| 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 | $500,264 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,084,969 |
| 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, James A Gammon Charitable Foundation Inc has awarded $140,732 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JUVENILE DIABETES FOUNDATION PURPOSE: RESEARCH AND EDUCATION | $46,732 |
ST JUDE CHILDRENS HOSPITAL PURPOSE: RESEARCH AND TREATMENT OF CHILDHOOD CANCER | $15,000 |
AMERICAN HEART ASSOCIATION PURPOSE: MEDICAL RESEARCH | $4,000 |
HOSPICE OF THE CALUMET AREA PURPOSE: CARE OF THE TERMINALLY ILL | $5,000 |
FAMILY OUTREACH MINISTRIES PURPOSE: SOCIAL SERVICES INCLUDING EDUCATION AND COUNSELING | $24,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: CARE FOR CHILDREN AND FAMILIES | $7,500 |