Logan P Graves Foundation

Organization Overview

Logan P Graves Foundation is located in Presque Isle, ME. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan P Graves Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Logan P Graves Foundation generated $19.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH YEAR A SCHOLARSHIP IS AWARDED TO A STUDENT ENTERING THE MEDICAL FIELD. THE TOTAL SCHOLARSHIP IS 5,000 PER STUDENT PAID OVER 3 YEARS AS LONG AS AN ADEQUATE GPA IS MAINTAINED.


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Board, Officers & Key Employees

Name (title)Compensation
Robert D Graves Jr
Director
$0
Gregory V Graves
Officer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $9,595
Interest on Savings $0
Dividends & Interest $887
Net Rental Income$0
Net Gain on Sale of Assets $8,689
Capital Gain Net Income $8,689
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $19,171

Grants Awarded

Over the last fiscal year, Logan P Graves Foundation has awarded $4,000 in support to 2 organizations.

Grant RecipientAmount

MAINE MARITIME ACADEMY

PURPOSE: ASSIST POST-SECONDARY EDU. STUDENTS

$2,000

UNIVERSITY OF MAINE AT PRESQUE ISLE

PURPOSE: ASSIST POST-SECONDARY EDU. STUDENTS

$2,000
View Grant Profile

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