Gable Foundation Inc
- Assets
- $5.3m
- Revenue
- $189.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-2539274
Organization Overview
Gable Foundation Inc is located in Atlanta, GA. The organization was established in 2018. 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. Gable 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, Gable Foundation Inc generated $189.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $395.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gable Foundation Inc has awarded 57 individual grants totaling $1,385,150. 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 |
|---|---|---|---|
Carl I Gable Trustee | 0 | $0 | |
Sarah B Gable Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,393 |
| Dividends & Interest | $70,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,063 |
| Capital Gain Net Income | $60,063 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,450 |
| Total Revenue | $189,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $52,759 |
| Contributions, gifts, grants paid | $342,850 |
| Total expenses and disbursements | $395,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,789 |
| 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 | $1,812,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,363 |
| Total assets | $5,279,929 |
| 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 | $685 |
| Total liabilities | $685 |
Grants Awarded
Over the last fiscal year, Gable Foundation Inc has awarded $342,850 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE YOUTH & FAMILY CENTER PURPOSE: GENERAL | $1,000 |
ATLANTA HISTORY CENTER PURPOSE: GENERAL | $10,000 |
BREVARD MUSIC CENTER PURPOSE: GENERAL | $55,000 |
DRAYTON HALL PRESERVATION TRUST PURPOSE: GENERAL | $1,000 |
FRANKLIN POND CHAMBER MUSIC PURPOSE: GENERAL | $7,300 |
GEORGIA TRUST FOR HISTORIC PRESERVATION PURPOSE: GENERAL | $5,000 |