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← GVTC FOUNDATION INC

Form 990 for tax year 2023

Filed by GVTC FOUNDATION INC.

Totals

Total revenue
$731,013
Total expenses
$585,462
Contributions and grants received
$744,577
Grants paid
$541,064
Program service revenue
$0
Investment income
$101,044
Other revenue
-$114,608
Total assets, end of year
$2,801,522
Total liabilities, end of year
$75,506
Net assets or fund balances, end of year
$2,726,016
Program services expenses (Part IX)
$578,719
Management and general expenses
$6,743
Fundraising expenses
$0
Program service expenses (Part III)
$578,719

Program services were 98.8% 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.

  • 1c · Fundraising events

    $287,803

  • 1f · All other contributions, gifts and grants

    $456,774

  • 1g · Noncash contributions included above

    $16,408

  • 3 · Investment income

    total $48,133 · excluded $48,133

  • 7a · Gross sales of assets other than inventory

    securities $52,911

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $52,911

  • 7d · Net gain or loss

    total $52,911 · excluded $52,911

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $287,803

  • 8b · Fundraising events: direct expenses

    $114,608

  • 8c · Net income from fundraising events

    total -$114,608 · excluded -$114,608

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $493,564 · program services $493,564

  • 2 · Grants to domestic individuals

    total $47,500 · program services $47,500

  • 11c · Fees: accounting

    total $3,473 · management and general $3,473

  • 11f · Fees: investment management

    total $1,078 · management and general $1,078

  • 12 · Advertising and promotion

    total $2,118 · program services $2,118

  • 13 · Office expenses

    total $943 · program services $943

  • 23 · Insurance

    total $1,389 · management and general $1,389

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $34,594 · program services $34,594

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $803 · management and general $803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,240 · end of year $322,791

  • 2 · Savings and temporary cash investments

    beginning of year $74,991 · end of year $0

  • 4 · Accounts receivable

    beginning of year $57,540 · end of year $6,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,125 · end of year $2,265

  • 11 · Investments: publicly traded securities

    beginning of year $1,932,770 · end of year $2,469,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,439 · end of year $7,195

  • 18 · Grants payable

    beginning of year $45,025 · end of year $56,192

  • 19 · Deferred revenue

    end of year $12,119

  • 27 · Net assets without donor restrictions

    beginning of year $2,306,202 · end of year $2,726,016

Mission and programs · 2023

Mission

TO EMPOWER LOCAL COMMUNITIES BY GENERATING AND DISTRIBUTING FUNDS TO ENRICH, MAINTAIN, AND EXPAND PROGRAMS NEEDED TO SUPPORT CHARITABLE ACTIVITIES, NON-PROFIT ORGANIZATIONS AND EDUCATIONAL PURSUITS.

Activities or mission (Part I)

OUR MISSION IS TO PROFOUNDLY ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE, THROUGH CHARITABLE CONTRIBUTIONS AND VOLUNTEER SERVICE IN SUPPORT OF OUR PROGRAM GOALS.

  • THE FOUNDATION GIVES BACK TO THE COMMUNITY THROUGH SUPPORT OF OVER 80 LOCAL COMMUNITY ORGANIZATIONS AND ACTIVITIES. THE FOUNDATION ALSO AWARDED 3 SCHOLARSHIPS IN 2023.

    Expenses $578,719 · Grants $541,064

As filed on the 2023 return.

Listed in Part VII

  • Sonia Aguillon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    43

  • Marquita Dade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Tiffany Murphy

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Freddy Wolff

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Chris Cooley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Alisha Stanley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Luna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • Brianne Obeck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • Rudy Soto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349301836

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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