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Gb Charities INC FY2020 filing

Tax-deductible

Towson, MD501(c)(3)Since 1992 EIN 52-1783906Revenue $253K in FY2020

On file with the IRS102 W Pennsylvania Ave Ste 210, 21204-4544 · Towson, MDTax-exempt since Dec 1992Publicly supported — 509(a)(2)

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G.b.Charities (gbc), INC., is dedicated to improving the baltimore metropolitan community through the education of its youth. Gbc sponsors promising children and adolescents from hard-working, low-income families living in at-risk areas (schedule o)

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Plus $750K in investments, Pt X · Ln 11–13
Looks good: 22.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$253K
Spent
$193K
To programs
91%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$253K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$276K
FY2022$503K
FY2023$258K
FY2024$373K
FY2025$332K
Expenses
$193K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$193K
FY2021$495K
FY2022$205K
FY2023$425K
FY2024$289K
FY2025$346K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.2M
FY2023$1.0M
FY2024$1.2M
FY2025$1.2M

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $176K Management & general 8% · $15K Fundraising 1% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Neil Lanzi
President
$0Pt VII · Sec A
Dennis Dietz
Vice President
$0Pt VII · Sec A
Paul Biser
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Donald Brennan
Board Member
$0Pt VII · Sec A
Ed Burchell
Board Member
$0Pt VII · Sec A
Anthony Golden
Board Member
$0Pt VII · Sec A
Tom Kovell
Board Member
$0Pt VII · Sec A
See Gb Charities INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves the Baltimore metropolitan community.

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Provided by the organization

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1 program · $176K · in their own filed words · FY2019
01

G.B.CHARITIES (GBC), inc., is dedicated to improving the baltimore metropolitan community through the education of its youth. GBC sponsors promising children and adolescents from hard-working, low-income families living in at-risk areas, paying their tuition at accredited faith-based schools.

$176Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 6 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$269,525
Unitemized GrantFY2023$233,500
Unitemized GrantFY2022$166,650
Unitemized GrantFY2021$150,400
Unitemized GrantFY2020$117,795
Unitemized GrantFY2019$149,400

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$253K
Ln 12
Other incomeLn 4–11$143K
Gifts and grantsLn 1h$84K
Investment incomeLn 3$26K
Money outPt IX
$193K
Ln 25
Programscol B$176K
Managementcol C$15K
Fundraisingcol D$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$361K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Investment incomeLn 3$26K
Other incomeLn 4–11$143K
Gains on assetsLn 7$8K
Total revenueLn 12$253K
Assets in detailPt X, end of year
CashLn 1$361K
Cash and savings togetherLn 1–2$361K
InvestmentsLn 11–13$750K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$302K$361K
InvestmentsLn 11–13$759K$750K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$149K$149K
Other salaries and wagesLn 7$25K$25K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$1K$1K
Professional fundraising feesLn 11e$2K$2K
Investment management feesLn 11f$6K$6K
Office expensesLn 13$5K$5K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$193K$176K$15K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $332K$346K−$13K$1.2M 990 PDF
FY2024 $373K$289K$84K$1.2M 990 PDF
FY2023 $258K$425K−$167K$1.0M 990 PDF
FY2022 $503K$205K$298K$1.2M 990 PDF
FY2021 $276K$495K−$219K$1.0M 990 PDF
FY2020 Viewing $253K$193K$60K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $252,651 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $117,058$83,973
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $22,213$25,572
I-11 Other revenuePrior year $180,218$143,106
I-12 Total revenuePrior year $319,489$252,651
I-13 Grants and similar amounts paidPrior year $265,200$149,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,593$27,048
I-16a Professional fundraising feesPrior year $1,649$1,995
I-17 Other expensesPrior year $15,303$14,669
I-18 Total expensesPrior year $310,745$193,112
I-19 Revenue less expensesPrior year $8,744$59,539
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $252,651 across 6 lines filed
VIII-1f All other contributions, gifts and grants$83,973
VIII-1h Total contributions, gifts and grants$83,973
VIII-3 Investment incomeExcluded from tax $17,637$17,637
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,935$7,935
VIII-8 Net income from fundraising eventsExcluded from tax $143,106$143,106
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $168,678$252,651
Part IX · Statement of functional expenses $193,112 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $149,400$149,400
IX-7 Other salaries and wagesPrograms $25,000$25,000
IX-10 Payroll taxesPrograms $2,048$2,048
IX-11c Accounting feesManagement $1,350$1,350
IX-11e Professional fundraising feesFundraising $1,995$1,995
IX-11f Investment management feesManagement $6,346$6,346
IX-13 Office expensesManagement $5,002$5,002
IX-23 InsuranceManagement $1,971$1,971
IX-25 Total functional expensesPrograms $176,448 · Management $14,669 · Fundraising $1,995$193,112
Part X · Balance sheet $1,111,481 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $301,821$361,360
X-11 Publicly traded securitiesStart of year $759,434$750,121
X-16 Total assetsStart of year $1,061,255$1,111,481
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,061,255$1,111,481
X-32 Total net assets or fund balancesStart of year $1,061,255$1,111,481
X-33 Total liabilities and net assetsStart of year $1,061,255$1,111,481
Part XI · Reconciliation of net assets $1,111,481 net assets at year end
XI-1 Total revenue$252,651
XI-2 Total expenses$193,112
XI-3 Revenue less expenses$59,539
XI-4 Net assets at start of year$1,061,255
XI-5 Net unrealized gains (losses) on investments−$9,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,111,481

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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