Gamj Family Foundation
- Assets
- $4.9m
- Revenue
- $3.0m
- Investments
- $1.6m
- Employees
- 0
- Location
- Diamond Bar, CA
- Founding
- Data as of
- 06/2023
- EIN
- 87-2591848
Organization Overview
Gamj Family Foundation is located in Diamond Bar, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gamj 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 06/2023, Gamj Family Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $79.9k during the year ending 06/2023. While expenses have increased by 12.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN MAGANG ASSOCIATION
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $90 |
| 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 | $3,000,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,600 |
| Other employee salaries and wages | $29,280 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,887 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $999 |
| Total operating and administrative expenses | $69,863 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $79,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,636 |
| Savings and temporary cash investments | $1,800,640 |
| 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 | $900,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,859,276 |
| Accounts payable and accrued expenses | $1,195 |
| 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 | $1,195 |
Grants Awarded
Over the last fiscal year, Gamj Family Foundation has awarded $10,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL RESEARCH | $0 |
DIAMOND BAR HIGH SCHOOL PURPOSE: EDUCATION | $0 |
CHP 11-99 FOUNDATION PURPOSE: 501C | $0 |
AMERICAN MAGANG ASSOCIATION PURPOSE: 501C | $10,000 |
FEEDING AMERICA PURPOSE: GENERAL SUPPORT | $0 |