Gravity Research Foundation
- Assets
- $658.9k
- Revenue
- $69.0k
- Investments
- $553.7k
- Employees
- 0
- Location
- Wellesley Hills, MA
- Founding
- 02/1951
- Data as of
- 06/2024
- EIN
- 04-6002754
Organization Overview
Gravity Research Foundation is located in Wellesley Hills, MA. The organization was established in 1951. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gravity Research 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 06/2024, Gravity Research Foundation generated $69.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $76.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAVITY RELATED RESEARCH PAPERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Brock Trustee | 5 | $0 | |
Dr Lee Cooper Clerk/trustee/chair | 5 | $0 | |
George Rideout Jr Pres&treas/trustee | 20 | $35,386 | |
Chuck Larson Trustee | 5 | $0 | |
Dr Louis Witten Vp/trustee | 10 | $0 | |
Dr David Kwak Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $16,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,891 |
| Capital Gain Net Income | $27,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,934 |
| Total Revenue | $68,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,386 |
| Other employee salaries and wages | $9,720 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,792 |
| Depreciation | $0 |
| Occupancy | $5,911 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,923 |
| Total operating and administrative expenses | $69,857 |
| Contributions, gifts, grants paid | $6,200 |
| Total expenses and disbursements | $76,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,469 |
| Savings and temporary cash investments | $158,161 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$59,402 |
| Total assets | $658,881 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gravity Research Foundation has awarded $6,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MACIEJ DUNAJSKI PURPOSE: GRAVITY RESEARCH PAPER AWARD | $4,000 |
TOM BANKS PURPOSE: GRAVITY RESEARCH PAPER AWARD | $700 |
SAMIR MATHUR PURPOSE: GRAVITY RESEARCH PAPER AWARD | $600 |
SAHAR HOD PURPOSE: GRAVITY RESEARCH PAPER AWARD | $500 |
NEIL LU PURPOSE: GRAVITY RESEARCH PAPER | $400 |