Robert Gumbiner Foundation
- Assets
- $12.7m
- Revenue
- $1.1m
- Investments
- $2.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 95-4167110
Organization Overview
Robert Gumbiner Foundation is located in Long Beach, CA. The organization was established in 1988. 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. Robert Gumbiner 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 12/2022, Robert Gumbiner Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC ISLAND ETHNIC ART MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Deovlet Co-Chair/dir | 20 | $61,000 | |
Burke Gumbiner Co-Chair/sec | 2 | $0 | |
Alis Gumbiner Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Management Activities Inc | 12/30/22 | $62,654 |
Beach Cities Property Management | 12/30/22 | $54,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $142,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,372 |
| Net Rental Income | $230,063 |
| Net Gain on Sale of Assets | $46 |
| Capital Gain Net Income | $46 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $820 |
| Other Income | $10,975 |
| Total Revenue | $1,070,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,000 |
| Other employee salaries and wages | $81,867 |
| Pension plans, employee benefits | $62,901 |
| Interest | $0 |
| Taxes | $81,785 |
| Depreciation | $245,208 |
| Occupancy | $23,079 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $413,452 |
| Total operating and administrative expenses | $1,127,999 |
| Contributions, gifts, grants paid | $496,400 |
| Total expenses and disbursements | $1,624,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,582,924 |
| Net Accounts receivable | $11,745 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $608,035 |
| Inventories for sale or use | $6,890 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,078,645 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,830,719 |
| Other assets | $1,493,126 |
| Total assets | $12,728,896 |
| 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 | $31,025 |
| Total liabilities | $31,025 |
Grants Awarded
Over the last fiscal year, Robert Gumbiner Foundation has awarded $496,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF LATIN AMERICAN PURPOSE: PROMOTION OF VISUAL ARTS & CULTURE | $489,500 |
ALTMED FOUNDATION PURPOSE: UNRESITRICTED | $6,900 |