The Gilbane Foundation FY2021 filing

Providence, RIPrivate foundation / grantmaker EIN 05-6006170Revenue $1.1M in FY2021

On file with the IRS7 Jackson Walkway · Providence, RI

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FY2021 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $1.2M a year · 129% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
990-PF Pt I · 4 filings
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$347K
Net assets
$4.0M
By yearFY2021–FY2024
Revenue
$1.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$2.1M
FY2023$460K
FY2024$168K
Expenses
$347K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$347K
FY2022$357K
FY2023$453K
FY2024$7.7M
Net assets
$4.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$4.0M
FY2022$5.8M
FY2023$5.8M
FY2024$0

From the FY2021 Form 990 (year ending November 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 88% · $305K Operating & administrative 12% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Gilbane Foundation executive salaries →

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Programs and updates

A private foundation based in Providence, RI.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 86 grants · $7.6M · 2023–2023
Gilbane Family Foundation INCRI · FY2023$7,338,992
Rhode Island FoundationFY2023$185,500
St Sebastians School INCMA · FY2023$16,000
De La Salle Collegiate High SchoolFY2023$7,000
The American Ireland FundFY2023$4,000
San Miguel SchoolFY2023$4,000
Roger Williams UniversityRI · FY2023$4,000
The Next Step Fund INCMA · FY2023$3,800
Babson CollegeMA · FY2023$3,700
Narragansett Council Boy Scouts of AmericaFY2023$2,750
Youth Shelter Program of WestchesterFY2023$2,500
See all 86 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV57
Average grantPart XV$89K
Median grantPart XV$500
Largest grantPart XV$7.3M
Top cause focusNTEEEducation (17%)

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$1.1M
Gifts and grants$1.0M
Investment income$125K
Money out
$347K
Grants paid$305K
Running costs$42K
Owns and owes
$4.0M
net assets
Cash and savings$148K
Total assets$4.0M
Liabilities$0
People
4
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$1.0M
Investment income$125K
Total revenue$1.1M
Assets in detailEnd of year
Cash and savings together$148K
Total assets$4.0M
Liabilities$0
Net assets$4.0M
Operations
Fiscal year endsNovember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $168K$7.7M−$7.6M$0 990 PDF
FY2023 $460K$453K$6K$5.8M 990 PDF
FY2022 $2.1M$357K$1.8M$5.8M 990 PDF
FY2021 Viewing $1.1M$347K$778K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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