Gregory L Gibson Charitable Foundation Inc in Terre Haute, Indiana (IN)

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Gregory L Gibson Charitable Foundation Inc
Employer Identification Number (EIN)010852643
Name of OrganizationGregory L Gibson Charitable Foundation Inc
In Care of NameGregory L Gibson
Address3200 E Haythorne Ave, Terre Haute, IN 47805-2108
SubsectionCharitable Organization, Educational Organization
Ruling Date06/2006
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period11/2014
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,383,310
Amount of Income$885,353
Form 990 Revenue Amount$553,835
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2014: $885,353 (it was $529,159 in 2012)
Gregory L Gibson Charitable Foundation Inc: 

 $885,353
Other organizations performing similar types of work: 

 $103,138

Assets in 2014: $3,383,310 (it was $2,389,944 in 2012)
Gregory L Gibson Charitable Foundation Inc: 

 $3,383,310
Other organizations performing similar types of work: 

 $338,623

Expenses in 2012: $117,098
This organization: 

 $117,098
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2012: 7.6
Gregory L Gibson Charitable Foundation Inc: 

 7.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 70.3%
This organization: 

 70.3%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$345,498$102,785$66,275
Contributions, gifts, grants, etc., received$242,713
Interest on savings and temporary cash investments$134
Dividends and interest from securities$65,225
Gross rents$0
Gross profit from sales of goods$0
Other income$364
Other$37,062
Total expenses and disbursements$117,098$7,494$0$109,604
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$7,494$7,494$0
Contributions, gifts, grants paid$109,604
Excess of revenue over expenses and disbursements$228,400
Net investment income$95,291
Adjusted net income$66,275
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$2,389,944$2,600,157
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$2,334,992
Other$54,952
Total liabilities$0
Total liabilities and net assets/fund balances$2,389,944
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$37,062
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,906
Total credits and payments$920
2012 estimated tax payments and 2011 overpayment credited to 2012$920
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$986
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,601,824
Net value of noncharitable-use assets$2,562,800
Minimum investment return$128,140
Distributable Amount (for 2012)
Distributable amount$126,234
Undistributed Income (for 2012)
Distributable amount for 2012$126,234
Undistributed income for 2012. This amount must be distributed in 2013$126,234
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kosciusko 21st Century Foundation Inc2170 N Pointe Dr, Warsaw, IN 46582-9043IN1967-11$51,892,952
2The Beall Family Foundation1200 Newport Center Dr Ste 220, Newport Beach, CA 92660-0933CA2001-02$5,367,504
3North Penn Community Health Foundation2506 N Broad St Ste 206, Colmar, PA 18915-9439PA1956-03$4,255,777
4Wem 2000 Foundation, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$2,030,901
5Henry E & Nancy H Bartels Trust Fbo, University Of New HavenPO BOX 187169, Hamden, CT 06518-7020CT1989-04$1,900,735
6Pugdin Memorial Fund P 6162000410 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2000-03$1,622,699
7Lancaster County Partners For Youth IncPO BOX 1023, Lancaster, SC 29721-1023SC1996-10$1,386,899
8Abner F Morison Tr Fund, Bar Harbor Bank & TrustPO BOX 1100, Ellsworth, ME 04605-1100ME1993-03$1,120,833
9Cargill Macmillan Jr Charitable Tr, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$399,725
10Gordon G Wilson Trust Uw Fbo, Covington United10 S Dearborn, Chicago, IL 60603-2300IL2000-01$234,293
11Nina Mason Pulliam Charitable Tr, Russell Frank E Ttee135 N Pennsylvania St Ste 1200, Indianapolis, IN 46204-2484IN1998-07$109,645,672
12Mary Cross Tippmann Foundation Charitable Trust, Hasting Jeff Ttee9009 Coldwater Rd, Fort Wayne, IN 46825-2072IN1998-11$20,639,730
13Asante Foundation Inc202 S Michigan St Ste 910, South Bend, IN 46601-2031IN2005-10$12,986,065
14Eskenazi Family Foundation Inc10689 N Pennsylvania St, Indianapolis, IN 46280-1070IN2005-08$8,407,008
15Kendrick Foundation Inc250 N Monroe St, Mooresville, IN 46158-1551IN1969-02$8,307,381
16Deborah Joy Simon Foundation950 Laurelwood, Carmel, IN 46032-8738IN2002-11$6,146,229
17Olin B And Desta Schwab Foundation Inc110 W Berry Street, Fort Wayne, IN 46802-2316IN2007-03$5,070,475
18Molendorp Family Foundation Inc6507 Castle Knoll Ct, Indianapolis, IN 46250-1439IN2007-09$2,019,407
19Niel C And Karen M Ellerbrookfamily Foundation Inc35 Johnson Pl, Evansville, IN 47714-1605IN2007-09$1,994,448
20Rose Ahlbrand Charitable TrustPO BOX 929, Columbus, IN 47202-0929IN2001-04$1,616,518
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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