Granoff Family Foundation
- Assets
- $1.1m
- Revenue
- $112.8k
- Investments
- $857.4k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/1996
- Data as of
- 07/2022
- EIN
- 05-0493514
Organization Overview
Granoff Family Foundation is located in Providence, RI. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granoff Family 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 07/2022, Granoff Family Foundation generated $112.8k 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 (8.4%) each year. All expenses for the organization totaled $116.6k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Granoff Family Foundation has awarded 45 individual grants totaling $325,780. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Granoff Co-Trustee | 2 | $0 | |
Evan J Granoff Co-Trustee | 2 | $0 | |
Lloyd W Granoff Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,015 |
| Capital Gain Net Income | $47,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162 |
| Total operating and administrative expenses | $419 |
| Contributions, gifts, grants paid | $116,195 |
| Total expenses and disbursements | $116,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,767 |
| Savings and temporary cash investments | $202,979 |
| 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 | $0 |
| Total assets | $1,114,138 |
| 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, Granoff Family Foundation has awarded $116,195 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: UNRESTRICTED | $25,000 |
Providence, RI PURPOSE: UNRESTRICTED | $23,000 |
West Palm Beach, FL PURPOSE: UNRESTRICTED | $18,000 |
Providence, RI PURPOSE: UNRESTRICTED | $18,000 |
TEMPLE BETH-EL PURPOSE: UNRESTRICTED | $15,000 |
TEMPLE HABONIM PURPOSE: UNRESTRICTED | $3,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Greater New York And Northern New Jersey Inc Brooklyn, NY | $83,028,309 | $96,117,748 |
Steamfitters Industry Welfare Fund Board Of Trustees Long Island City, NY | $135,023,453 | $84,135,128 |
Cw Resources Inc New Britain, CT | $72,075,898 | $102,860,890 |
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
National Basketball Players Association New York, NY | $362,993,745 | $34,104,485 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Teamsters Local 237 Administrative Fund New York, NY | $20,889,322 | $64,678,061 |
Massachusetts Teachers Association Quincy, MA | $104,765,133 | $64,981,415 |
Steamfitters Industry Security Benefit Fund Long Island City, NY | $326,665,741 | $52,241,912 |
Joint Industry Board Of The Electrical Industry Flushing, NY | $28,826,269 | $51,807,728 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |