Gbl Foundation Inc

Waltham, MA
Tax-exempt since March 2007
EIN: 20-8056266

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$169k (2023)

Expenses

$145k (2023)

Total Assets

$2.22M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$168,631

Expenses

$145,159

Net Income

$23,472

Net Assets

$2,221,129

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,674	1.0%
Dividends	$60,326	35.8%
Sales of Assets	$95,913	56.9%
Other Income	$10,718	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,123	89.0%
Compensation of Officers*	$20,000	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,221,129
Total Liabilities	$0
Net Assets	$2,221,129

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$31,541

Expenses

$160,417

Net Income

-$128,876

Net Assets

$2,197,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$302	1.0%
Dividends	$77,005	> 100%
Sales of Assets	-$45,768
Other Income	$2	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,767	85.3%
Compensation of Officers*	$20,000	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,197,050
Total Liabilities	$0
Net Assets	$2,197,050

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$253,209

Expenses

$147,387

Net Income

$105,822

Net Assets

$2,325,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$82,262	32.5%
Sales of Assets	$170,934	67.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,649	85.3%
Compensation of Officers*	$10,000	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,325,340
Total Liabilities	$0
Net Assets	$2,325,340

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$10,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on May 26, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$145,825

Expenses

$143,130

Net Income

$2,695

Net Assets

$2,219,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$155	0.1%
Dividends	$52,129	35.7%
Sales of Assets	$93,541	64.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,605	84.3%
Compensation of Officers*	$20,000	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,219,631
Total Liabilities	$1
Net Assets	$2,219,630

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on June 29, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$109,150

Expenses

$146,024

Net Income

-$36,874

Net Assets

$2,216,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$707	0.6%
Dividends	$66,160	60.6%
Sales of Assets	$42,283	38.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,775	78.6%
Compensation of Officers*	$20,000	13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,216,029
Total Liabilities	$1
Net Assets	$2,216,028

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on June 29, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$109,219

Expenses

$133,160

Net Income

-$23,941

Net Assets

$2,252,588

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$462	0.4%
Dividends	$64,161	58.7%
Sales of Assets	$44,596	40.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,000	69.1%
Compensation of Officers*	$20,000	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,252,588
Total Liabilities	$0
Net Assets	$2,252,588

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on May 22, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$119,402

Expenses

$158,327

Net Income

-$38,925

Net Assets

$2,279,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,019	3.4%
Dividends	$57,428	48.1%
Sales of Assets	$57,955	48.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,400	77.3%
Compensation of Officers*	$20,000	12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,279,774
Total Liabilities	$0
Net Assets	$2,279,774

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$20,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on May 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

-$8,195

Expenses

$219,033

Net Income

-$227,228

Net Assets

$2,312,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,433
Dividends	$54,057
Sales of Assets	-$65,685
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$159,610	72.9%
Compensation of Officers*	$40,000	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,312,578
Total Liabilities	$0
Net Assets	$2,312,578

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$40,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on July 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$56,401

Expenses

$201,540

Net Income

-$145,139

Net Assets

$2,505,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$45,938	81.4%
Sales of Assets	$10,427	18.5%
Other Income	$36	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,000	71.9%
Compensation of Officers*	$40,000	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,505,346
Total Liabilities	$0
Net Assets	$2,505,346

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$40,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on Aug. 4, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$372,272

Expenses

$270,181

Net Income

$102,091

Net Assets

$2,682,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$102,893	27.6%
Sales of Assets	$269,379	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$224,000	82.9%
Compensation of Officers*	$40,000	14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,682,316
Total Liabilities	$0
Net Assets	$2,682,316

Compensation

Key Employees and Officers	Compensation	Other
Michelle Labossiere (President/Treasurer)	$40,000	$0
Judith Brunaccini (Clerk/Director)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on March 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$92,128

Expenses

$154,816

Net Income

-$62,688

Net Assets

$2,771,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$90,404	98.1%
Sales of Assets	$809	0.9%
Other Income	$915	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,800	75.4%
Compensation of Officers*	$40,000	25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,771,720
Total Liabilities	$508
Net Assets	$2,771,212

Compensation

Key Employees and Officers	Compensation	Other
Michelle L Labossiere (Pres/Directo)	$40,000	$0
Richard Brunaccini (Treas/Direct)	$0	$0
Judith Brunaccini (Clerk/Direct)	$0	$0
Robert Labossiere (Director)	$0	$0
Nancy Higgins (Director)	$0	$0

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990-PF

Filed on Aug. 8, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$88,886

Expenses

$121,015

Net Income

-$32,129

Net Assets

$2,833,899

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,560	91.8%
Sales of Assets	$6,398	7.2%
Other Income	$928	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,000	70.2%
Compensation of Officers*	$40,000	33.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,833,900
Total Liabilities	$1
Net Assets	$2,833,899

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$138,487

Expenses

$112,542

Net Income

-$251,029

Net Assets

$2,865,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$82,943
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,600	67.2%
Compensation of Officers*	$40,000	35.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,867,786
Total Liabilities	$1,834
Net Assets	$2,865,952

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Gbl Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $169k (2023)

Expenses $145k (2023)

Total Assets $2.22M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$169k (2023)

Expenses

$145k (2023)

Total Assets

$2.22M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007