Gilbert Rivera Charitable Foundation EIN 77-0700480

Gilbert Rivera Charitable Foundation

EIN  77-0700480 Public charity (501(c)(3)) Brooklyn, NY Founded 2007
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Size
$100K–1M
What they do
Funds charitable, scientific, and educational causes directly or by supporting other authorized organizations.
Leadership
Thomas Hussey · Trustee
Money in and out
$161K revenue, $133K expenses
Bottom line
90% program efficiency

Funds charitable, scientific, and educational causes directly or by supporting other authorized organizations. For fiscal year 2024 it reported $161K in revenue, $133K in expenses, and $294K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$161K
Pt VIII · Ln 12
Total expenses
$133K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
26.5mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$161K
FY2024▼ -3%
Expenses
$133K
FY2024▲ +10%
Total assets
$294K
FY2024▲ +10%
Total liabilities
$0
FY2024
Total revenue
$161K
Pt VIII · Ln 12
Total expenses
$133K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$294K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Contributions made exclusively for charitable, scientific, or educational purposes either directly or by contributions to organizations duly authorized to carry on charitable, scientific or educational activities; I.E. Community, youth and educational programs.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGilbert Rivera Charitable Foundation
EINHdr · item D77-0700480
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.gilriverafoundation.org
Year of formationHdr · item L2007
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFNov 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$161K
Total revenueLn 12$161K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$120K
Management & general10%$13K
Total functional expensesLn 25$133K

Balance Sheet

Part X · end of year
CashLn 1$294K
Total assetsLn 16$294K
Total liabilitiesLn 26$0
Total net assetsLn 32$294K
Months of cash on handcomputed26.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $294K · Operating expenses/yr $133K
26.5 months
Where the money goes
Program services
Program services $120K · Total expenses $133K
90%
Management & General
Management & general $13K · Total expenses $133K
10%
Fundraising
Fundraising $0 · Total expenses $133K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $166K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $161K
100%
Government reliance
Government grants — · Total revenue $161K
Earned-income share
Program service revenue $0 · Total revenue $161K
0%
Investment reliance
Investment income $0 · Total revenue $161K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $133K
0%
Growth & trend
Revenue growth (YoY)
This year $161K · Prior year $166K
-3%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $161K · Expenses $133K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $294K
Net-asset ratio
Net assets $294K · Total assets $294K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $294K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Thomas Hussey · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $133K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $133K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Revenue growth -3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 24 grants · $584K · 2019–2024
Compassion Coalition INCNY · FY2024$20,000
Leukemia & Lymphoma SocietyNY · FY2024$10,000
Facade Foundation INCNY · FY2024$10,000
Compassion Coalition INCNY · FY2023$18,000
Maimonides Medical Center-NY · FY2023$12,500
Maimonides Medical Center-NY · FY2022$55,000
Saint Stanislaus Koska CatholicFY2022$10,000
Brooklyn USA Sports Assn INCNY · FY2022$10,000
Maimonides Medical Center-NY · FY2021$52,500
See all 24 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$166K revenue · ⤓ 990 PDF
FY2023$172K revenue · ⤓ 990 PDF
FY2022$177K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$19K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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