Gaughan Family Foundation
- Assets
- $18.5m
- Revenue
- $782.4k
- Investments
- $17.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 86-0873950
Organization Overview
Gaughan Family Foundation is located in Las Vegas, NV. The organization was established in 1997. 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. Gaughan Family 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, Gaughan Family Foundation generated $782.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gaughan Family Foundation has awarded 136 individual grants totaling $9,173,147. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE NO DIRECT CHARITABLE ACTIVITIES. THE ORGANIZATION IS A NONOPERATING PRIVATE FOUNDATION THAT MAKES CHARITABLE CONTRIBUTIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $347,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $435,258 |
| Capital Gain Net Income | $435,258 |
| Net ST Capital Gain | $95,622 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $782,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $428,527 |
| Total operating and administrative expenses | $573,946 |
| Contributions, gifts, grants paid | $1,360,000 |
| Total expenses and disbursements | $1,933,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,075 |
| 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 | $10,289,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,260 |
| Total assets | $18,506,466 |
| 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, Gaughan Family Foundation has awarded $1,360,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CORNEA RESEARCH FOUNDATION OF AMERI PURPOSE: CHARITABLE | $10,000 |
BISHOP GORMAN HIGH SCHOOL PURPOSE: CHARITABLE | $800,000 |
CREIGHTON UNIVERSITY PURPOSE: CHARITABLE | $200,000 |
NATIONAL COWBOY AND WESTER HERITAGE PURPOSE: CHARITABLE | $25,000 |
PRCA PRO RODEO HALL OF FAME PURPOSE: CHARITABLE | $25,000 |
OUR LADY OF LAS VEGAS CATHOLIC SCHO PURPOSE: CHARITABLE | $10,000 |