Grimes-King Foundation For The Elderly Inc
- Assets
- $2.1m
- Revenue
- $275.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1972
- Data as of
- 12/2021
- EIN
- 04-6070226
Organization Overview
Grimes-King Foundation For The Elderly Inc is located in Boston, MA. The organization was established in 1972. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grimes-King Foundation For The Elderly Inc 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, Grimes-King Foundation For The Elderly Inc generated $275.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $172.2k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,138 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,239 |
| Capital Gain Net Income | $194,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,683 |
| Total operating and administrative expenses | $30,212 |
| Contributions, gifts, grants paid | $142,000 |
| Total expenses and disbursements | $172,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,615 |
| 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 | $995,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,138,934 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Grimes-King Foundation For The Elderly Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Boston Womens Fund Inc Cambridge, MA PURPOSE: To further exempt organizations purpose | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carmelite System Inc Germantown, NY | $17,222,585 | $9,589,225 |
The American Geriatrics Society Inc New York, NY | $10,794,639 | $6,464,305 |
Our Lady Of Victory Renaissance Corporation Buffalo, NY | $12,786,574 | $5,671,961 |
Association For The Relief Of Aged Women Of New Bedford New Bedford, MA | $21,657,616 | $2,022,067 |
Leadingage Connecticut Inc Wallingford, CT | $1,294,076 | $1,003,019 |
Association On Aging In New York Albany, NY | $292,722 | $689,758 |
New York Memory Center Inc Brooklyn, NY | $242,536 | $602,792 |
Avila Institute Of Gerontology Inc Germantown, NY | $429,382 | $540,136 |
Jgs Lifecare Corporation Longmeadow, MA | $6,233,942 | -$57,278 |
Louis F Payn Foundation For Aged People Chatham, NY | $203,161 | $289,937 |
Ellen Jeanne Goldfarb Memorial Charitable Tr Farmington, CT | $1,681,390 | $368,599 |
Newburyport Society For The Relief Of Aged Women Newburyport, MA | $4,768,934 | $433,500 |