Gilcrease Orchard Foundation
- Assets
- $15.2m
- Revenue
- $3.5m
- Investments
- $8.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 88-0391276
Organization Overview
Gilcrease Orchard Foundation is located in Las Vegas, NV. The organization was established in 2002. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gilcrease Orchard 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, Gilcrease Orchard Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
MAINTENANCE OF ORCHARD FOR EDUCATION & PUBLIC USE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinne Escobar President | 32 | $68,764 | |
Brad Mcdonald Treasurer | 2 | $0 | |
Mark E Ruben Director | 40 | $152,084 | |
Lawrence Allen MD Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $99,352 |
| Dividends & Interest | $172,437 |
| Net Rental Income | -$15,741 |
| Net Gain on Sale of Assets | $178,409 |
| Capital Gain Net Income | $178,409 |
| Net ST Capital Gain | $178,409 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,042,116 |
| Total Revenue | $3,497,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,848 |
| Other employee salaries and wages | $886,209 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106,590 |
| Depreciation | $143,125 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,095 |
| Printing and publications | $0 |
| Other expenses | $1,411,761 |
| Total operating and administrative expenses | $2,809,641 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,809,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,987 |
| Savings and temporary cash investments | $1,210,045 |
| Net Accounts receivable | $11,423 |
| 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 | $5,128,412 |
| Other assets | $10,343 |
| Total assets | $15,209,454 |
| 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 |