Overview

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Est.

2006

Fiscal Year Start

Oct 1

Organization Type

Grantseeker

AI Summary

Gaston Area Lutheran Foundation Inc is a nonprofit organization focused on Protestantism and retirement housing, dedicated to developing continuous care retirement communities that offer high-quality care for seniors in the tri-county area. With an operating budget of $157.4K and total revenue of $21.5K for the 2024 filing year, the organization relies on a significant funding source, with one unknown funder contributing $59.5M, indicating a potential dependency on a single financial supporter.

Mission Statement

TO DEVELOP CONTINUOUS CARE RETIREMENT COMMUNITIES, PROVIDING A CONTINUUM OF HIGH QUALITY CARE FOR SENIORS IN THE TRI-COUNTY AREA IN AN ATMOSPHERE OF EXEMPLARY CHRISTIAN MINISTRY.
Revenues
$21.5K
Expenses
$157.4K
Net Income:
-$135.9K
Assets
$1.5M
Liabilities
$2.1M
Net Assets:
-$577.3K
Operating Budget
$157.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$16.8K
Largest grant received
$16.8K
G
George Rhyne
Board Member
G
Graham Bell
Board Member
P
P Ray Cloninger
Board Member

Frequently Asked Questions

What is GASTON AREA LUTHERAN FOUNDATION INC’s budget?
In 2024, GASTON AREA LUTHERAN FOUNDATION INC reported an annual operating budget of around $157 thousand. More detailed financial information is available to registered users.
What causes does GASTON AREA LUTHERAN FOUNDATION INC support?
GASTON AREA LUTHERAN FOUNDATION INC supports work in Protestantism and Retirement housing.
Where does GASTON AREA LUTHERAN FOUNDATION INC operate?
GASTON AREA LUTHERAN FOUNDATION INC is headquartered in DALLAS, NC.
Who funded GASTON AREA LUTHERAN FOUNDATION INC recently?
In 2024, GASTON AREA LUTHERAN FOUNDATION INC received grants from GASTON COMMUNITY FOUNDATION, GASTON COMMUNITY FOUNDATION, and GASTON COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant GASTON AREA LUTHERAN FOUNDATION INC received in 2024?
The largest grant to GASTON AREA LUTHERAN FOUNDATION INC in 2024 exceeds $17 thousand.