Civic Intelligence

Gbb&L Foundation Inc.

990EZ • Fiscal year 2023 • EIN 87-1243853

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization Profilewww.georgebaileyfoundation.org
46850 Highway 550 465Durango, CO 81301

(303) 868-8586

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

10th percentile

-124%

Higher net margin than 10% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$297,993

No earlier filing loaded for comparison.

Net Assets

$297,993

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin10th percentile

Revenue

$8,763

No earlier filing loaded for comparison.

Expenses

$19,670

No earlier filing loaded for comparison.

Net Income

-$10,907

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2023: $297,993Net Assets 2023: $297,9932023

Highlighted filing

2023

Assets$297,993
Liabilities-
Net Assets$297,993
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20K$10K$0-$10K-$20KRevenue 2023: $8,763Expenses 2023: $19,670Net Income 2023: -$10,9072023

Highlighted filing

2023

Revenue$8,763
Expenses$19,670
Net Income-$10,907
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$8,763
Mission and Program Overview

Mission

promoting affordable housing options and financial education tools and resources to aid low-income individuals and families in need thereby relieving the poor and distressed.

Program Services

DescriptionGrantsExpenses
The foundation has purchased property in near resort towns which it offers and maintains on a long-term rent-to-own basis. This year the foundation served 5 individuals. The objective of this activity is to provide safe sanitary and secure housing for families in need.$0$7,547
The foundation refers clients to pro bono legal aid providers who volunteer their time and expenses to assist with landlord-tenant disputes or other consumer disputes. This year the foundation helped 4 individuals secure a dismissal of the landlords claims. The foundation also helped an individual dispute and overturn a health insurance denial of coverage. The objective of this activity is to promote and protect clients rights and guard against improper or unlawful collection attempts which would further compromise the clients ability to pay for housing food and education. While the legal professionals volunteer their time on a pro bono basis a reasonable estimate is approximately 40 hours.$0$0
The foundation offers grants for unexpected auto repairs or school athletic expenses which would otherwise compromise the clients ability to to pay for housing food or other necessities. The objective of this activity is to promote financial stability. While the fund program was started this year no grants were made in the year.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen FitzsimmonsIncorporator And PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
GBB and L Foundation Inc
EIN
87-1243853
In Care Of
% Stephen Fitzsimmons
Address
46850 HIGHWAY 550 465, Durango, CO 81301

Signing Officer

Name
Stephen Fitzsimmons
Title
President
Signed
2024-11-15
Supplemental Narrative

Additional Explanations

Doing Business As Names

“The George Bailey Building and Loan Foundation”

Part I, line 16

“| Other Expenses:, Amount:| During the tax year the foundation incurred $620 in fees for filing form 1023 and renewing secretary of state registration. It incurred $12 in renewing its website domain., $632|”

Part IV, General

“| Explanation:| List of Officers - The foundation received its 501c3 exemption determination in October of 2023. Pursuant to the foundations articles the incorporator has the power to appoint the initial Board of Directors. Board appointments are in process.”

Raw XML Appendix145 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0465
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Durango
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Incorporator and President
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IRS990EZ/OtherExpensesTotalAmt0632
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0promoting affordable housing options and financial education tools and resources to aid low-income individuals and families in need thereby relieving the poor and distressed.
IRS990EZ/ProgramServiceRevenueAmt06700
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The foundation has purchased property in near resort towns which it offers and maintains on a long-term rent-to-own basis. This year the foundation served 5 individuals. The objective of this activity is to provide safe sanitary and secure housing for families in need.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The foundation refers clients to pro bono legal aid providers who volunteer their time and expenses to assist with landlord-tenant disputes or other consumer disputes. This year the foundation helped 4 individuals secure a dismissal of the landlords claims. The foundation also helped an individual dispute and overturn a health insurance denial of coverage. The objective of this activity is to promote and protect clients rights and guard against improper or unlawful collection attempts which would further compromise the clients ability to pay for housing food and education. While the legal professionals volunteer their time on a pro bono basis a reasonable estimate is approximately 40 hours.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The foundation offers grants for unexpected auto repairs or school athletic expenses which would otherwise compromise the clients ability to to pay for housing food or other necessities. The objective of this activity is to promote financial stability. While the fund program was started this year no grants were made in the year.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07547
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CO
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt019670
IRS990EZ/TotalProgramServiceExpensesAmt07547
IRS990EZ/TotalRevenueAmt08763
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.georgebaileyfoundation.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Public Support - The foundation received its tax exempt determination letter in October of 2023 and is now actively seeking public donations.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II Line 6
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0318000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0323284
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019900
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0323284
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0323284
IRS990ScheduleA/TotalSupportAmt0323302
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The George Bailey Building and Loan Foundation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| During the tax year the foundation incurred $620 in fees for filing form 1023 and renewing secretary of state registration. It incurred $12 in renewing its website domain., $632|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:| List of Officers - The foundation received its 501c3 exemption determination in October of 2023. Pursuant to the foundations articles the incorporator has the power to appoint the initial Board of Directors. Board appointments are in process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Doing Business As Names
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part IV, General
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Fitzsimmons
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GBB and L Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GBBA
ReturnHeader/Filer/EIN0871243853
ReturnHeader/Filer/ForeignPhoneNum03038688586
ReturnHeader/Filer/InCareOfNm0% Stephen Fitzsimmons
ReturnHeader/Filer/USAddress/AddressLine1Txt046850 HIGHWAY 550 465
ReturnHeader/Filer/USAddress/CityNm0Durango
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081301
ReturnHeader/ReturnTs02024-11-15T08:33:13-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,993
Liabilities
-
Net assets
$297,993
Revenue
$8,763
Expenses
$19,670
Net income
-$10,907
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.98$2.98$0.09$0.20$0.11