Gihon Foundation
- Assets
- $2.3m
- Revenue
- $166.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 80-0267626
Organization Overview
Gihon Foundation is located in Woodland Hills, CA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gihon 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, Gihon Foundation generated $166.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $1.8m 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
MAINTENANCE AND DISPLAY OF AN ART COLLECTION AND A DOCUMENTARY FILM ON THE COLLECTION.
PROVIDING A VENUE FOR DISCUSSIONS OF IMPORTANT WORLD ISSUES.
COUNCIL ON IDEAS - THINK TANK FOR IDEAS TO PROMOTE THE WELL BEING OF HUMANS ON EARTH AND PERFORMING ARTS.
3-D COMPUTER EVENT PRESENTATION OF ART AND MUSIC APPRECIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Nesmith Vice President/trustee | 15 | $0 | |
Jessica Kent Secretary | 5 | $0 | |
Jason Nesmith Trustee | 15 | $0 | |
Jonathan Nesmith Trustee | 15 | $0 | |
Jessica Nesmith Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,905 |
| Dividends & Interest | $125,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,825 |
| Capital Gain Net Income | $19,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,302 |
| Pension plans, employee benefits | $13,243 |
| Interest | $62,903 |
| Taxes | $36,180 |
| Depreciation | $4,987 |
| Occupancy | $19,200 |
| Travel, conferences, and meetings | $169 |
| Printing and publications | $0 |
| Other expenses | $1,604,714 |
| Total operating and administrative expenses | $1,847,015 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,847,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,571 |
| 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 | $484,275 |
| Net Land, buildings, and equipment | $846,811 |
| Other assets | $0 |
| Total assets | $2,347,164 |
| 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, Gihon Foundation has awarded $17,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KOYAMADA INTERNATIONAL FOUNDATION PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $5,000 |
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $11,350 |
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $750 |
ARDEN WOOD INC PURPOSE: ADVANCE/PROMOTE THE ACTIVITIES OF THE FOUNDATION | $400 |