G A G Charitable Corporation
- Assets
- $1.6m
- Revenue
- $98.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Encinitas, CA
- Founding
- 11/1968
- Data as of
- 12/2023
- EIN
- 95-2568756
Organization Overview
G A G Charitable Corporation is located in Encinitas, CA. The organization was established in 1968. 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. G A G Charitable Corporation 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, G A G Charitable Corporation generated $98.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $138.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Salant President | 5 | $30,000 | |
Peter Salant CFO | 4 | $20,000 | |
Anthony Salant Secretary | 4 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $254 |
| Dividends & Interest | $55,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,434 |
| Capital Gain Net Income | $43,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,019 |
| Total operating and administrative expenses | $93,802 |
| Contributions, gifts, grants paid | $45,050 |
| Total expenses and disbursements | $138,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,195 |
| Savings and temporary cash investments | $71,907 |
| Net Accounts receivable | $3,040 |
| 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 | $8,523 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,573,359 |
| 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, G A G Charitable Corporation has awarded $45,050 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALSASSN GOLDEN WEST CHAPTER PURPOSE: SUPPORT OPERATIONS | $250 |
APPLEGATE ACCESS PURPOSE: SUPPORT OPERATIONS | $2,000 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: SUPPORT OPERATIONS | $1,000 |
CAMELOT THEATRE PURPOSE: SUPPORT OPERATIONS | $300 |
CLAREMONT-MCKENNA COLLEGE BAUER CEN PURPOSE: SUPPORT OPERATIONS | $2,000 |
COMMUNITY RESOURCE CENTER PURPOSE: SUPPORT OPERATIONS | $1,000 |