Gael Foundation
- Assets
- $812.2k
- Revenue
- $242.8k
- Investments
- $546.9k
- Employees
- 0
- Location
- St George, UT
- Founding
- Data as of
- 12/2023
- EIN
- 84-3998091
Organization Overview
Gael Foundation is located in St George, UT. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gael 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, Gael Foundation generated $242.8k in total revenue. All expenses for the organization totaled $19.6k during the year ending 12/2023.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $41,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,100 |
| Capital Gain Net Income | $1,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $242,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,107 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $19,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,309 |
| 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 | $546,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $812,244 |
| 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, Gael Foundation has awarded $18,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOUNTIFUL CHILDREN'S FOUNDATION PURPOSE: FOR GENERAL OPERATIONAL SUPPORT | $6,000 |
FLOURISH FOUNDATION PURPOSE: FOR GENERAL OPERATIONAL SUPPORT | $5,000 |
WASHINGTON COUNTY SCHOOL DISTRICT FOUNDATION PURPOSE: FOR GENERAL OPERATIONAL SUPPORT | $6,500 |
UTAH FOOD BANK PURPOSE: FOR GENERAL OPERATIONAL SUPPORT | $1,000 |