Gabcare Foundation
- Assets
- $1.0m
- Revenue
- $114.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 73-1585922
Organization Overview
Gabcare Foundation is located in Oklahoma City, OK. The organization was established in 2000. 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. Gabcare 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, Gabcare Foundation generated $114.1k 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 (5.2%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gabcare Foundation has awarded 429 individual grants totaling $443,720. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE GRANTS. SEE PART XV FOR DETAILED GIFT INFORMATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,000 |
| Interest on Savings | $339 |
| Dividends & Interest | $17,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,888 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,329 |
| Total operating and administrative expenses | $9,979 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $57,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,570 |
| 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 | $1,022,685 |
| 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, Gabcare Foundation has awarded $48,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUTS WESTERN OK PURPOSE: SUPPORT OF CHARITABLE MISSION | $1,000 |
A CHANCE TO CHANGE PURPOSE: SUPPORT OF CHARITABLE MISSION | $10,500 |
WASHINGTON & LEE UNIVERSITY PURPOSE: SUPPORT OF CHARITABLE MISSION | $900 |
CATHOLIC WOMENS HELPER CLUB PURPOSE: SUPPORT OF CHARITABLE MISSION | $100 |
VISION EUFAULA PURPOSE: SUPPORT OF CHARITABLE MISSION | $5,000 |
IMPACT PURPOSE: SUPPORT OF CHARITABLE MISSION | $5,000 |