Nonprofit · EIN 27-1393433
GB FOUNDATION INC
Tax-exempt · SOMERSET, KY 42501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $51,061 | $25,942 | $25,119 | $429,107 | $0 | $429,107 |
| December 31, 2024 | 990-PF | $33,443 | $58,202 | -$24,759 | $403,988 | $0 | $403,988 |
| December 31, 2023 | 990-PF | $16,888 | $80,963 | -$64,075 | $428,747 | $0 | $428,747 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $14,139
- Net gain from sales of assets
- $36,922
Expenses
- Grants and similar amounts paid
- $23,500
- Disbursements for charitable purposes
- $20,000
- Excise tax on investment income
- $205
Balance sheet and other
- Total assets, start of year
- $403,988
- Total assets, end of year
- $429,107
- Total liabilities, end of year
- $0
- Net assets, end of year
- $429,107
- Fair market value of assets
- $454,949
- Qualifying distributions
- $20,000
- Net investment income
- $14,738
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | PRESIDENT, D | 0 | $0 |
| MELVIN GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | CHAIRMAN, DI | 0 | $0 |
| LAWRENCE J BOTZMAN 120 GLENDALE LN, SOMERSET, KY 42501 | TREASURER, D | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | PRESIDENT, D | 0 | $0 |
| MELVIN GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | CHAIRMAN, DI | 0 | $0 |
| LAWRENCE J BOTZMAN 120 GLENDALE LN, SOMERSET, KY 42501 | TREASURER, D | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | PRESIDENT, D | 0 | $0 |
| MELVIN GODBY 4931 BONITA BAY BLVD UNIT 503, BONITA SPRINGS, FL 34134 | CHAIRMAN, DI | 0 | $0 |
| LAWRENCE J BOTZMAN 120 GLENDALE LN, SOMERSET, KY 42501 | TREASURER, D | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 GLENDALE LN, SOMERSET, KY 42501-1112
- Signed the 990-PF
- MELVIN GODBY, CHAIRMAN, DIRECTOR
- Phone
- (606) 677-9164
- Return prepared by
- MARK CLARK CPA PSC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 27-1393433
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $429,107
- Income (IRS master file)
- $150,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $51,061 | $25,942 | $429,107 | XML |
| 990-PF | December 2024 | $33,443 | $58,202 | $403,988 | IRS |
| 990-PF | December 2023 | $16,888 | $80,963 | $428,747 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1393433).
Questions about GB FOUNDATION INC
- What is the EIN of GB FOUNDATION INC?
- The employer identification number (EIN) of GB FOUNDATION INC is 27-1393433.
- Is GB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to GB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GB FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GB FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of GB FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GB FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $51,061, expenses of $25,942 and total assets of $429,107 at year end.
Other nonprofits in SOMERSET
- WO AND LOIS NEWELL CHARITABLE TRUST EIN 26-3939254 · last filed 990-PF for 2025
- UNITED WAY OF SOUTH CENTRAL KY EIN 23-7169364 · last filed 990 for 2024
- CITIZENS COMMUNITY FOUNDATION INC EIN 20-3537437 · last filed 990-PF for 2025
- LEORA PREWITT CRUT EIN 31-1540241 · last filed 990-PF for 2025
- PULASKI COUNTY PUBLIC LIBRARY FDN EIN 61-1348935 · last filed 990-N for 2024
- KENTUCKY YOUTH AND CHILDRENS FOUNDATION INCORPORATED EIN 46-1004297 · last filed 990 for 2025
- SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP EIN 61-0344362 · last filed 990 for 2025
- LAKE CUMBERLAND REGIONAL MENTAL HEALTH-MENTAL RETARDATION BOARD IN EIN 61-0666065 · last filed 990 for 2025
All nonprofits in SOMERSET · Kentucky · Philanthropy, voluntarism and grantmaking foundations