Taj Gibson Foundation INC

EIN 84-2285605 Public charity (501(c)(3)) Norwood, NJ

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Size

<$100K

What they do

Empowering New York City youth to develop and nurture their lives.

Leadership

Taj Gibson · President

Money in and out

$29K revenue

Bottom line

6.3mo operating runway

Empowering New York City youth to develop and nurture their lives. For fiscal year 2021 it reported $29K in revenue, — in expenses, and $11K in net assets.Pt I

Where the money goes · FY2021

Total revenue

$29K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$11K

Pt X · Ln 32

Operating runway

6.3mo

months of highly liquid reserves at operating expense rate▲ ×16 vs prior filing year

Surplus margin

+27%

revenue over expenses, this year▲ +664% vs prior filing year

Donor-funded

100%

of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990-EZ

Revenue

$29K

FY2021▼ -68%

Total revenue

$29K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$11K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16—

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Mission & Programs · Part III

Where the work happens

1 program service account for $76K of program spending, described in the organization's own filed words · FY2020.

Providing resources to enrich the lives of youth in nyc communities -during 2020, the foundation provided funding to finish renovation of the ingersoll basketball courts and fund a youth basketball program.

$76Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CTaj Gibson Foundation INC

EINHdr · item D84-2285605

Principal addressHdr · item CNorwood, NJ

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNJ

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFYouth Development (O50)

Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Taj Gibson

President

$0Pt VII · Sec A

Toi Salter

Treasurer

$0Pt VII · Sec A

Howard Miller

Secretary

$0Pt VII · Sec A

Gregory Watson

Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Other revenue100%$29K

Total revenueLn 12$29K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16—

Total liabilitiesLn 26$0

Total net assetsLn 32$11K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $11K · Operating expenses/yr $21K

6.3 months

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants $29K · Total revenue $29K

100%

Government reliance

not reported

Earned-income share

Program service revenue — · Total revenue $29K

—

Investment reliance

Investment income — · Total revenue $29K

—

Program self-sufficiency

Program service revenue — · Total expenses $21K

Rests on the self-reported EZ program figure

Growth & trend

Revenue growth (YoY)

This year $29K · Prior year $90K

-68%

Net-asset trend (YoY)

End of year $11K · Beginning of year $3K

+243%

Balance sheet

Surplus Margin

Revenue $29K · Expenses $21K

+27%

Liabilities-to-Assets

Total liabilities $0 · Total assets $11K

Net-asset ratio

Net assets $11K · Total assets $11K

100%

People & payroll

Highest Reported Total Compensation

Individual Taj Gibson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $21K

Personnel share

Salaries & benefits — · Total expenses $21K

Form 990-EZ bundles compensation — not comparable to full-990 filers

Peer comparison

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

Metric	This org	Peer median	Percentile
Revenue growth	-68%	—	—

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

Al & Peggy Dematteis Family Foundation C/O Keith Dematteis DirectorFY2024$100

Total grants receivedfrom 1 funder$100

Grants paid · 1 grant · $29K · 2020–2020

New York City Housing AuthorityFY2020$28,630

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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

FY2021 (Latest)$29K revenue · viewing · ⤓ 990 PDF

FY2020$90K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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