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Nonprofiteer
← THE GIBBS FOUNDATION INC

Form 990 for tax year 2022

Filed by THE GIBBS FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 27 January 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$867,766
Total expenses
$1,147,612
Contributions and grants received
$853,608
Grants paid
$1,128,000
Program service revenue
$0
Investment income
$14,158
Other revenue
$0
Total assets, end of year
$2,152,399
Total liabilities, end of year
$3,100
Net assets or fund balances, end of year
$2,149,299
Program services expenses (Part IX)
$1,128,000
Management and general expenses
$19,612
Fundraising expenses
$0
Program service expenses (Part III)
$1,128,000

Program services were 98.3% 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

    $853,608

  • 3 · Investment income

    total $23,825 · excluded $23,825

  • 7a · Gross sales of assets other than inventory

    securities $969,574

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

    securities $979,241

  • 7c · Gain or loss

    securities -$9,667

  • 7d · Net gain or loss

    total -$9,667 · excluded -$9,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,128,000 · program services $1,128,000

  • 5 · Compensation of officers, directors and key employees

    total $1,200 · management and general $1,200

  • 11b · Fees: legal

    total $1,699 · management and general $1,699

  • 11c · Fees: accounting

    total $7,000 · management and general $7,000

  • 11f · Fees: investment management

    total $9,227 · management and general $9,227

  • 13 · Office expenses

    total $110 · management and general $110

  • 23 · Insurance

    total $319 · management and general $319

  • 24a · Other expenses: FOREIGN TAX EXPENSE

    total $57 · management and general $57

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,945 · end of year $797,226

  • 2 · Savings and temporary cash investments

    beginning of year $372,301 · end of year $231,331

  • 11 · Investments: publicly traded securities

    beginning of year $1,947,975 · end of year $1,123,842

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,100 · end of year $3,100

  • 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 $2,429,121 · end of year $2,149,299

Mission and programs · 2022

Mission

THE GIBBS FOUNDATION'S PURPOSE IS TO PROVIDE FUNDS TO ORGANIZATIONS QUALIFYING AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS STIPULATED BY THE GIBBS FOUNDATION CRITERIA.

  • THE GIBBS FOUNDATION'S PURPOSE IS TO PROVIDE FUNDS TO ORGANIZATIONS QUALIFYING AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS STIPULATED BY THE GIBBS FOUNDATION CRITERIA.

    Expenses $1,128,000 · Grants $1,128,000

As filed on the 2022 return.

Listed in Part VII

  • Jack A Moss Jr

    DIRECTOR

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hannah Roquet

    DIRECTOR

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lee Groza

    CHAIRMAN

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • George S Gibbs III

    CHAIRMAN/EXECUTIVE DIRECTOR (TERM END 1/22)

    Total calculated
    $0
    Hours/week
    1

  • Ann D Schell

    VICE CHAIRMAN/SECRETARY

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James E Moore III

    TREASURER

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ivan Schell

    BOARD MEMBER

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202333529349300458

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