Overview
What is The Gibbs Foundation Inc?
The Gibbs Foundation Inc, located in Louisville, Kentucky, is a nonprofit organization that adheres to Section 501(C)(3) of the Internal Revenue Code. Its primary mission is to distribute funds to eligible organizations, as per the Gibbs Foundation's criteria. The foundation's purpose is to support and contribute to various causes, furthering their goal of promoting positive change within the community. The Gibbs Foundation aims to enhance the well-being and progress of various sectors through its financial support, fostering growth and development among the selected organizations.
Is The Gibbs Foundation Inc legitimate?
The Gibbs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gibbs Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Gibbs Foundation Inc?
The Gibbs Foundation Inc's mission is centered around providing financial support to organizations that meet the criteria set by the foundation. These organizations must hold a 501(c)(3) status under the Internal Revenue Code. The foundation's purpose is to contribute to the causes these organizations advocate for, thereby making a broader impact in various sectors. The Gibbs Foundation Inc serves as a significant financial backbone for these exempt organizations, enabling them to carry out their charitable activities effectively.
Who is the CEO of The Gibbs Foundation Inc?
Lee Groza is the Director of The Gibbs Foundation Inc.
What is the revenue of The Gibbs Foundation Inc?
The Gibbs Foundation Inc's revenue in 2022 was $867,766.
Who are the executives of The Gibbs Foundation Inc and what are their salaries?
There 6 volunteers at The Gibbs Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
Where can I find the form 990 for The Gibbs Foundation Inc?
The Gibbs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Gibbs Foundation Inc
The Gibbs Foundation Inc, as a philanthropic organization, is committed to providing financial support to non-profit entities that fall under Section 501(c)(3) of the Internal Revenue Code, as per its own stipulations. This foundation serves as a significant source of funds for these eligible organizations, contributing to their various causes and initiatives. By adhering to the Gibbs Foundation's criteria, these organizations can gain access to the necessary financial resources to further their missions and make a positive impact in their respective communities.
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Impact
October, 2024
The Gibbs Foundation Inc significantly impacts communities by providing essential funding to organizations that qualify under Section 501(c)(3) of the Internal Revenue Code. Its financial support enables these organizations to implement various programs and initiatives aimed at addressing critical needs in society. By targeting funding to qualified groups, the Gibbs Foundation fosters philanthropy and strengthens the infrastructure of nonprofits, allowing them to further their missions effectively. This ripple effect enhances community welfare, education, health services, and numerous social initiatives in Louisville, KY, and beyond. Through its focused financial contributions, the foundation plays a vital role in promoting social change and upliftment.
This information is meant to be a general summary of The Gibbs Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,158
- Gross Receipts: $1,847,007
Assets and Liabilities:
- Total Assets: $2,152,399
- Total Liabilities: $3,100
- Net Assets: $2,149,299
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Organization Details
Founding Year
2014
Phone
(502) 589-1000Principal Officer
Lee Groza
Main Address
4350 BROWNSBORO ROAD 110, LOUISVILLE, KY, 40207
NTEE Category
Code: T30 - Philanthropy
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