Cause IQ organization profile

Gemcon Family Foundation

Form 990s | Financials | Vendors | Personnel | Peers

Gemcon Family Foundation is a private foundation based in Palm Beach, FL that was founded in 2003. As of 2019 they had $2.1 million in revenue and $19 million in assets.

Previous legal names or variations of their name include: Norma Jean Bach Co-Ttee.

EIN:

57-6199853

City:

Palm Beach

State:

Florida

Metro:

Miami-Fort Lauderdale-Pompano Beach, FL

Founded:

2003

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$2,137,078

Assets:

$19,580,523

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Gemcon Family Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Aug 13, 2019	990PF	View PDF
2017-12	Dec 22, 2018	990PF	View PDF
2016-12	Sep 8, 2017	990PF	View PDF
2015-12	Dec 28, 2016	990PF	View PDF
2014-12	Aug 25, 2015	990PF	View PDF
...and three more Form 990 PDFs

Financials for Gemcon Family Foundation

Field	2018	2017	% Change
Total grants, contributions, etc.	$1,156,504	$1,978,512	-41.5%
Investment income and dividends	$644,691	$588,644	9.5%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$335,604	$109,477	206.6%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$279	$262	6.5%
Total revenues	$2,137,078	$2,676,895	-20.2%

Field	2018	2017	% Change
Compensation of current officers, etc.	$54,000	$48,000	12.5%
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Legal fees	$5,434	$2,901	87.3%
Accounting fees	$7,000	$6,780	3.2%
Other fee-for-service	$150,091	$146,837	2.2%
Interest	$0	$0
Depreciation, amortization, etc.	$0	$0
Occupancy	$0	$0
Travel	$2,802	$8,123	-65.5%
Office expenses
Grants to all govts., orgs., and individuals	$1,047,500	$970,000	8.0%
All other expenses	$23,433	$20,943	11.9%
Total expenses	$1,290,260	$1,203,584	7.2%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$540,641	$359,220	50.5%
Savings, short-term investments, etc.	$0	$0
Accounts receivable	$11,154	$6,702	66.4%
Pledges and grants receivable	$11,154	$6,702	66.4%
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$6,000	$5,000	20%
Investments in government obligations	$0	$0
Investments in corporate stock	$10,424,715	$11,034,865	-5.5%
Investments in corporate bonds	$8,598,013	$7,581,733	13.4%
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$19,580,523	$18,987,520	3.1%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,738	$749	132.0%
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$1,738	$749	132.0%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Gemcon Family Foundation

Vendor	Services	Amount paid	Date
Narda E Butner CPA PA	Tax accounting		2019-05-23
██████ ██████ ███ ███████ ████	Tax accounting		2014-11-03

Personnel at Gemcon Family Foundation

Name	Title	Compensation	Most recent data
Judith Ann Jokiel	Trustee	$18,000	Aug. 13, 2019

Peer private foundations

	Name	Type	Revenue	Location
1	Joseph Collins Foundation	501(c)(3)	$1.3 million	New York, NY
2	The Aeroflex Foundation	501(c)(3)	$547,760	Dix Hills, NY
3	The Charles Lafitte Foundation	501(c)(3)	$5.9 million	Singer Island, FL
4	Evolve Foundation	501(c)(3)	$549,282	Shreveport, LA
5	Trio Foundation of St Louis	501(c)(3)	$1.3 million	Saint Louis, MO
6	Windmar Foundation	501(c)(3)	$2.1 million	Wilmington, DE
7	Hugh & Hazel Darling Foundation	501(c)(3)	$1.4 million	Los Angeles, CA
8	Fairchild Martindale Foundation	501(c)(3)	$1.6 million	Corona, CA
9	Waltmar Foundation	501(c)(3)	$670,545	Irvine, CA
10	Jack and Valerie Guenther Foundation	501(c)(3)	$3.7 million	San Antonio, TX
11	Sculpture Foundation	501(c)(3)	$6.8 million	Hamilton, NJ
12	Carroll and Milton Petrie Foundation	501(c)(3)	$5.4 million	New York, NY
13	Howley Foundation	501(c)(3)	$8.2 million	Cleveland, OH
14	William S. and Nancy E. Thompson Foundation	501(c)(3)	$6.0 million	Newport Beach, CA
15	Sinai Medical Staff Foundation	501(c)(3)	$621,954	Southfield, MI
16	The Kaplen Foundation	501(c)(3)	$2.5 million	Tenafly, NJ
17	Shippy Foundation	501(c)(3)	$1.3 million	New York, NY
18	Edu21c Foundation	501(c)(3)	$843,196	Boston, MA
19	Lucy Gooding Charitable Foundation Trust	501(c)(3)	$4.7 million	Jacksonville, FL
20	RX Foundation	501(c)(3)	$3.3 million	Hadley, MA
21	Julymar Foundation	501(c)(3)	$6.9 million	Miami, FL
22	Ware Foundation	501(c)(3)	$1.8 million	Miami, FL
23	Jeffrey Carlton Foundation	501(c)(3)	$2.8 million	Wilmington, DE
24	Poplar Foundation	501(c)(3)	$5.9 million	Memphis, TN
25	S G Foundation	501(c)(3)	$728,305	Buellton, CA

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Cause IQ organization profile

Gemcon Family Foundation

Form 990s for Gemcon Family Foundation

Financials for Gemcon Family Foundation

Vendors for Gemcon Family Foundation

Personnel at Gemcon Family Foundation

Peer private foundations

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