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The Gainey Foundation

Tax-deductible

Jackson, WY501(c)(3)Recreation & Sports EIN 91-2025454Revenue $118K in FY2024

On file with the IRSPo Box 4158, 83001-4158 · Jackson, WYTax-exempt since Aug 2001Supporting org, Type I — 509(a)(3)

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The purpose for which the corporation is organized are exclusively to receive and administer a fund or funds or real or personal property, or both, exclusively for charitable, religious, scientific, literary, or educational purposes. The primary tax exempt purpose is the support of christian athletes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $857K a year · 67% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $6.3M in investments, Pt X · Ln 11–13
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
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
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$118K
+4% vs prior year
Spent
$442K
To programs
98%
Net assets
$14.5M
By yearFY2020–FY2024
Revenue
$118K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$317K
FY2022$215K
FY2023$114K
FY2024$118K
Expenses
$442K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$452K
FY2021$396K
FY2022$393K
FY2023$383K
FY2024$442K
Net assets
$14.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.5M
FY2021$14.4M
FY2022$14.2M
FY2023$14.0M
FY2024$14.5M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2001.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $432K Management & general 2% · $10K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Gainey Foundation 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

Supports Christian athletes through charitable funds for their development.

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Provided by the organization

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1 program · $432K · in their own filed words · FY2024
01

The foundation operated and financed a christian camp that sponsored scholastic, spiritual, and athletic activities for @500 youths age 12- 22 annually and 5,000 since formation.

$432Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Wyland Foundation INCFY2024$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$118K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$51K
Money outPt IX
$442K
Ln 25
Programscol B$432K
Managementcol C$10K
Owns and owesPt X
$14.5M
net assets · Ln 32
Cash and savingsLn 1–2$307K
Total assetsLn 16$14.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Investment incomeLn 3$51K
Total revenueLn 12$118K
Assets in detailPt X, end of year
CashLn 1$307K
Cash and savings togetherLn 1–2$307K
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$7.9M
Total assetsLn 16$14.5M
LiabilitiesLn 26$0
Net assetsLn 32$14.5M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$444K$307K
InvestmentsLn 11–13$5.5M$6.3M
Land, buildings, equipmentLn 10c$8.1M$7.9M
Total assetsLn 16$14.0M$14.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$14.0M$14.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$74K$74K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$800$800
Depreciation, depletion and amortizationLn 22$175K$175K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$118K$118K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$442K$432K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $118K$442K−$324K$14.5M 990 PDF
FY2023 $114K$383K−$269K$14.0M 990 PDF
FY2022 $215K$393K−$178K$14.2M 990 PDF
FY2021 $317K$396K−$79K$14.4M 990 PDF
FY2020 $5.6M$452K$5.1M$14.5M 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 FY2024 990 (6 parts)
Part I · Summary $117,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,700$66,797
I-9 Program service revenue$0
I-10 Investment incomePrior year $50,985$51,153
I-11 Other revenue$0
I-12 Total revenuePrior year $113,685$117,950
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,950$88,331
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $335,047$353,324
I-18 Total expensesPrior year $382,997$441,655
I-19 Revenue less expensesPrior year −$269,312−$323,705
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $117,950 across 4 lines filed
VIII-1f All other contributions, gifts and grants$66,797
VIII-1h Total contributions, gifts and grants$66,797
VIII-3 Investment incomeRelated to mission $51,153$51,153
VIII-12 Total revenueRelated to mission $51,153$117,950
Part IX · Statement of functional expenses $441,655 across 8 lines filed
IX-7 Other salaries and wagesPrograms $73,501$73,501
IX-10 Payroll taxesPrograms $14,830$14,830
IX-11c Accounting feesManagement $9,188$9,188
IX-11g Other fees for servicesManagement $800$800
IX-22 Depreciation, depletion and amortizationPrograms $175,128$175,128
IX-23 InsurancePrograms $38,337$38,337
IX-24 Other expenses (24a–d)Programs $117,997$117,997
IX-24e All other expensesPrograms $11,874$11,874
IX-25 Total functional expensesPrograms $431,667 · Management $9,988 · Fundraising $0$441,655
Part X · Balance sheet $14,536,786 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $443,634$307,025
X-10c Land, buildings and equipment, netStart of year $8,083,419$7,908,291
X-12 Other securitiesStart of year $5,500,000$6,321,470
X-16 Total assetsStart of year $14,027,053$14,536,786
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $14,027,053$14,536,786
X-33 Total liabilities and net assetsStart of year $14,027,053$14,536,786
Part XI · Reconciliation of net assets $14,536,786 net assets at year end
XI-1 Total revenue$117,950
XI-2 Total expenses$441,655
XI-3 Revenue less expenses−$323,705
XI-4 Net assets at start of year$14,027,053
XI-5 Net unrealized gains (losses) on investments$821,470
XI-8 Prior period adjustments$11,968
XI-10 Net assets at end of year$14,536,786

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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