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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-1243853

GBB&L FOUNDATION INC

Also known as GEORGE BAILEY BUILDING AND LOAN

Tax-exempt · DURANGO, CO 81302

Financials

$9K$20K2023
Revenue Expenses · by fiscal year end
Financials of GBB&L FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$8,763$19,670-$10,907$297,993–$297,993
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$2,047
Program service revenue
$6,700
Investment income
$16

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$19,038
Other expenses
$632
Program services (functional)
$7,547

Balance sheet and other

Total assets, start of year
$308,900
Total assets, end of year
$297,993
Total liabilities, end of year
–
Net assets, end of year
$297,993
Cash, savings and investments
$9,763
Land and buildings
$288,230
Gross receipts
$8,763

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Stephen FitzsimmonsIncorporator and President5$0

Address and contacts

Address (IRS master file)
PO BOX 1066, DURANGO, CO 81302-1066
In care of
% STEPHEN FITZSIMMONS
Mailing address (990-N for 2025)
PO Box 1066, Durango CO 81301
Principal officer (990-N for 2025)
Stephen Fitzsimmons, 275 Pinnacle View Dr, Durango CO 81301
Signed the 990-EZ
Stephen Fitzsimmons, President

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.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • 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.
    Expenses $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.
  • 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.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-N for GBB&L FOUNDATION INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-1243853
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990-N (e-Postcard)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Stephen Fitzsimmons
December 31, 2025≤ $50,000 receipts––e-Postcard
990-N for 2024
Officer: Stephen Fitzsimmons
December 31, 2024≤ $50,000 receipts––e-Postcard
990-EZDecember 2023$8,763$19,670$297,993XML

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 87-1243853).

Questions about GBB&L FOUNDATION INC

What is the EIN of GBB&L FOUNDATION INC?
The employer identification number (EIN) of GBB&L FOUNDATION INC is 87-1243853.
Is GBB&L FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to GBB&L FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GBB&L FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GBB&L 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 GBB&L FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of GBB&L FOUNDATION INC?
The 990-N for 2025 names Stephen Fitzsimmons.
Who are the officers and directors of GBB&L FOUNDATION INC?
The 990-EZ for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
How much revenue does GBB&L FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $8,763, expenses of $19,670 and total assets of $297,993 at year end.

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