Garrett Foundation
- Assets
- $98.3k
- Revenue
- $2.9k
- Investments
- $92.0k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/1979
- Data as of
- 12/2023
- EIN
- 74-6280440
Organization Overview
Garrett Foundation is located in Las Vegas, NV. The organization was established in 1979. 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. Garrett 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 12/2023, Garrett Foundation generated $2.9k 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 (11.7%) each year. All expenses for the organization totaled $8.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$338 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59 |
| Total Revenue | $2,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,691 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,896 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $8,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14 |
| Savings and temporary cash investments | $6,337 |
| 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 | $91,968 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,319 |
| 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, Garrett Foundation has awarded $6,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JULIAN ANTON-OLALDE CO AUSTIN PURPOSE: SCHOLARSHIP | $2,000 |
BRITTANY HICKS CO AUSTIN PRESBYTERIAN PURPOSE: SCHOLARSHIP | $2,000 |
SAMANTHA RIGBY CO AUSTIN PRESBYTERIAN PURPOSE: SCHOLARSHIP | $2,000 |