Gx Foundation Inc
- Assets
- $22.2m
- Revenue
- $140.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Decatur, GA
- Founding
- Data as of
- 12/2023
- EIN
- 86-2596055
Organization Overview
Gx Foundation Inc is located in Decatur, GA. 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. Gx 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, Gx Foundation Inc generated $140.1k in total revenue. All expenses for the organization totaled $855.6k during the year ending 12/2023.
Since 2022, Gx Foundation Inc has awarded 23 individual grants totaling $1,503,200. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Praveen Ghanta Director | 0 | $0 | |
Sireesha C Ghanta Executive Director | 0 | $0 | |
Guru P Ghanta Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,698 |
| Dividends & Interest | $59,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,567 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,567 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $855,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,930,680 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,216,394 |
| 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, Gx Foundation Inc has awarded $850,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE VITAMIN ANGEL ALLIANCE INC PURPOSE: DISTRIBUTION OF CHILDHOOD VITAMINS IN INDIA | $100,000 |
SOUTHFACE INC PURPOSE: ENERGY EFFICIENCY RENOVATIONS OF NONPROFITS | $100,000 |
CARTER CENTER INC PURPOSE: PREVENTION OF TRACHOMA AND BLINDNESS | $100,000 |
SOUTHERN ALLIANCE FOR CLEAN ENERGY PURPOSE: MOTHERS OTHERS FOR CLEAN AIR ELECTRIC BUS PROGRAM | $100,000 |
CHARITY WATER PURPOSE: CLEAN WATER WELLS IN MADAGASCAR | $94,000 |
TAPESTRY PUBLIC CHARTER SCHOOL PURPOSE: MENTAL HEALTH COUNSELOR FUNDING | $68,000 |