GP Inc
GP Inc is a private foundation, based in Princeton, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $749K in total assets. Net investment income was $14K.
GP Inc at a glance
- Total assets
- $748,929
- -4.2% vs 2023
- Revenue (2024)
- $14,181
- -12.5% vs 2023
- Net investment income (2024)
- $14,181
- -12.5% vs 2023
- Expenses (2024)
- $49,888
- -97.0% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who GP Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How GP Inc gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $129K (2022) to $1.6M (2023). In 2023 it made 1 grant totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| West Virginia Annual Conference of the United Methodist Church Cahrleston, WV | Religious, charitable, scientific or educational purposes to carry out their vision and mission | $1,630,521 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $748,929 | $14,181 | $49,888 | — | — | — | $14,181 | $36,927 |
| 2023 | $782,004 | $16,213 | $1,681,928 | $1,630,521 | 1 | $1,630,521 | $16,213 | $40,291 |
| 2022 | $2,452,346 | $5,839 | $170,466 | $129,021 | 1 | $129,021 | $5,839 | $121,688 |
| 2021 | $2,616,973 | $48,628 | $11,264 | — | — | — | $48,628 | $129,021 |
| 2020 | $2,589,631 | $166,674 | $50,810 | — | — | — | — | — |
Under IRS private-foundation payout rules, GP Inc reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
GP Inc is led by Jim Baker, Chairperson on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jim Baker
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Felica Williams
Board Memeber
Board Member → Board Memeber, 2021
On filings since 2020
1 hr/week
No compensation reported
Gary Cunningham
Board Memeber
Board Member → Board Memeber, 2021
On filings since 2020
1 hr/week
No compensation reported
Jim Reed
Board Memeber
Board Member → Board Memeber, 2021
On filings since 2020
1 hr/week
No compensation reported
Judy Raines
Vice Chairperson
On filings since 2020
1 hr/week
No compensation reported
Kenneth R. Crowe
Board Memeber
Board Member → Board Memeber, 2021
On filings since 2020
1 hr/week
No compensation reported
Morris Clyburn
Board Memeber
Board Member → Board Memeber, 2021
On filings since 2020
1 hr/week
No compensation reported
Tyann Evans
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Chip Bennett
Board Memeber
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Judy Akers (2020–2022) — Board Memeber
- Former: Joe Kenaston (2020–2021) — Board Memeber
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about GP Inc
How large is GP Inc?
GP Inc reported $749K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $14K.
Where does GP Inc operate?
GP Inc has awarded grants in West Virginia.
How much is GP Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, GP Inc reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is GP Inc's EIN?
GP Inc's EIN (Employer Identification Number) is 55-6022042. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from GP Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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