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← GASOL FOUNDATION

Form 990 for tax year 2022

Filed by GASOL FOUNDATION.

Totals

Total revenue
$674,238
Total expenses
$565,054
Contributions and grants received
$674,238
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$151,693
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$151,693
Program services expenses (Part IX)
$334,189
Management and general expenses
$150,367
Fundraising expenses
$80,498
Program service expenses (Part III)
$334,189

Program services were 59.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $674,238

  • 1g · Noncash contributions included above

    $75,414

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,033 · program services $116,399 · management and general $17,828 · fundraising $21,806

  • 6 · Compensation of disqualified persons

    total $201,464 · program services $128,702 · management and general $39,828 · fundraising $32,934

  • 9 · Other employee benefits

    total $12,000 · program services $7,666 · management and general $2,372 · fundraising $1,962

  • 10 · Payroll taxes

    total $29,738 · program services $20,688 · management and general $4,741 · fundraising $4,309

  • 11b · Fees: legal

    total $6,721 · management and general $6,721

  • 11c · Fees: accounting

    total $19,102 · management and general $19,102

  • 11g · Fees: other

    total $27,335 · program services $21,868 · management and general $5,467

  • 12 · Advertising and promotion

    total $9,390 · program services $3,992 · management and general $5,398

  • 13 · Office expenses

    total $12,447 · program services $3,248 · management and general $7,670 · fundraising $1,529

  • 14 · Information technology

    total $2,194 · management and general $2,194

  • 16 · Occupancy

    total $12,908 · program services $240 · management and general $10,543 · fundraising $2,125

  • 17 · Travel

    total $6,271 · program services $3,347 · management and general $2,924

  • 19 · Conferences, conventions and meetings

    total $2,848 · program services $1,344 · management and general $1,504

  • 23 · Insurance

    total $14,685 · program services $3,671 · management and general $11,014

  • 24a · Other expenses: SUPPLIES

    total $15,834 · program services $13,278 · management and general $2,556

  • 24b · Other expenses: EVENT

    total $13,376 · fundraising $13,376

  • 24c · Other expenses: CONTRACTORS

    total $5,750 · program services $3,450 · fundraising $2,300

  • 24d · Other expenses: PRINITING

    total $5,048 · program services $4,795 · management and general $253

  • 24e · All other expenses

    total $11,910 · program services $1,501 · management and general $10,252 · fundraising $157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,509 · end of year $151,693

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $42,509 · end of year $151,693

Mission and programs · 2022

Mission

GASOL FOUNDATION MISSION IS TO ERADICATE CHILDHOOD OBESITY THROUGH RESEARCH, HOLISTIC, DATA-DRIVEN PROGRAMMING AND TO ILLUMINATE THE OBESITY CRISIS AS THE GREATEST OPPORTUNITY TO INVEST IN THE HEALTH OF OUR FUTURE.

Activities or mission (Part I)

REDUCE CHILDHOOD OBESITY RATES THROUGH THE PROMOTION OF HEALTHY HABITS TO CHILDREN AND FAMILIES.

  • GALACTIC SPORTS - GASOL FOUNDATION PROGRAMS THAT USES SPORTS AND PHYSICAL ACTIVITY TO PROMOTE HEALTHY LIFESTYLES AND FUNDAMENTAL VALUES TO AT-RISK YOUTH.

    Expenses $104,715

  • COMMUNITY WELLNESS IS A COMMUNITY-BASED PROGRAM FOR CHILDREN AND THEIR PARENTS. THE GOAL OF COMMUNITY WELLNESS IS TO REDUCE RISK OF CHILDHOOD OBESITY BY TEACHING BASIC HEALTHY HABITS: DIET, PHYSICAL ACTIVITY, SLEEP, AND EMOTIONAL WELL-BEING.

    Expenses $80,823

  • ENERGY - HEALTH AND WELLNESS CAMP IS A SUMMER CAMP IN PARTNERSHIP WITH THE YMCA. KIDS TRAVEL THE "HEALTHY GALAXY" THROUGH AN 8 WEEK SUMMER CAMP PROGRAM WHERE THEY LEARN ABOUT HEALTHY EATING, PHYSICAL ACTIVITY AND SPORT, SLEEP QUALITY AND DURATION AND EMOTIONAL WELL-BEING. THE PROGRAM SERVED OVER 400 KIDS AGES 6-12.

    Expenses $37,469

  • Expenses $111,182

As filed on the 2022 return.

Listed in Part VII

  • Pau Gasol

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marc Gasol

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michele Chan Soon-Shiong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobby J Turner

    DIRECTOR (UNTIL 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Dr Martha Molina Bernadett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hector De La Torre

    EXECUTIVE DIRECTOR (UNTIL 7/23)

    Total calculated
    $120,346
    From this org
    $120,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2024
IRS schema version
2022v5.0
Source object
202441949349301529

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