Grass Foundation
- Assets
- $26.9m
- Revenue
- $1.9m
- Investments
- $26.3m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 11/1957
- Data as of
- 12/2022
- EIN
- 04-6049529
Organization Overview
Grass Foundation is located in Harrison, NY. The organization was established in 1957. 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. Grass 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 12/2022, Grass Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Grass Foundation has awarded 81 individual grants totaling $3,896,065. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO ENCOURAGE INDEPENDENT RESEARCH AT THE MARINE BIOLOGY LAB BY INVESTIGATORS EARLY IN THEIR CAREER TO INCREASE RESEARCH IN NEUROBIOLOGY. AWARDED FELLOWSHIPS MAY VARY ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine E Carr Pres | 10 | $0 | |
Victor F Chin Trustee, Treas | 1 | $0 | |
Melissa J Coleman Trustee | 1 | $0 | |
Kafui Dzirasa Trustee | 1 | $0 | |
Andre Fenton Trustee | 1 | $0 | |
Bernice Grafstein Vp, Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/22 | $71,352 |
Foundation Source | 12/30/22 | $60,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,090 |
| Dividends & Interest | $249,551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,051,784 |
| Capital Gain Net Income | $1,043,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $555,241 |
| Total Revenue | $1,864,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $134 |
| Taxes | $28,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,219 |
| Printing and publications | $0 |
| Other expenses | $215,381 |
| Total operating and administrative expenses | $408,467 |
| Contributions, gifts, grants paid | $936,362 |
| Total expenses and disbursements | $1,344,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $477,680 |
| 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 | $134,615 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,299,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,946,631 |
| 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, Grass Foundation has awarded $936,362 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDACION BALSIERO PURPOSE: THE NEUROSCIENCE MINISCOPE WORKSHOP IN BUENOS AIRE | $5,000 |
HENRY M JACKSON FOUNDATION PURPOSE: TO SUPPORT THE 14TH TEACHING TOOLS WORKSHOP IN AFRICA (TTW) | $1,500 |
FOUNDATION FOR THE NATIONAL INSTITUTE OF HEALTH PURPOSE: TO SUPPORT THE PARTICIPATION OF NATIVE AMERICAN STUDENTS IN THE NATIONAL INSTITUTE FOR NEUROLOGICAL DISORDERS AND STROKE (NINDS) SUMMER INTERNSHIP PROGRAM (SIP). | $30,000 |
MARINE BIOLOGICAL LABORATORY PURPOSE: GRASS FELLOWSHIP PROGRAM COSTS | $725,542 |
INTERNATIONAL SOCIETY FOR NEUROETHOLOGY PURPOSE: TO SUPPORT TRAVEL EXPENSES FOR GRADUATE STUDENTS AND POSTDOCTORAL RESEARCHERS IN DEVELOPING COUNTRIES TO ATTEND THE INTERNATIONAL CONFERENCE FOR NEUROETHOLOGY (ICN) 2022 SCIENTIFIC PROGRAM. | $3,000 |
MARINE BIOLOGICAL LABORATORY PURPOSE: TO SUPPORT POST-COURSE RESEARCH OPPORTUNITIES FOR SELECTED 2022 PARTICIPANTS IN THE NEURAL SYSTEMS AND BEHAVIOR (NS&B). | $6,000 |