Grabe Family Foundation
- Assets
- $3.2m
- Revenue
- $210.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 06-1532628
Organization Overview
Grabe Family Foundation is located in Wilmington, DE. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Grabe 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 12/2022, Grabe Family Foundation generated $210.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $245.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Grabe Family Foundation has awarded 277 individual grants totaling $1,426,296. 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 |
|---|---|---|---|
Douglas Grabe Dir, Treas | 1 | $0 | |
Joan H Grabe Dir, Sec | 1 | $0 | |
Laura Grabe Dir | 1 | $0 | |
William O Grabe Dir, Pres | 1 | $0 | |
Caryn Grabe Robinson Dir, VP | 1 | $0 | |
Lisa Grabe-Taffe Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,930 |
| Dividends & Interest | $50,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,565 |
| Capital Gain Net Income | $83,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,540 |
| Total Revenue | $210,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,770 |
| Total operating and administrative expenses | $35,212 |
| Contributions, gifts, grants paid | $209,750 |
| Total expenses and disbursements | $244,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,572 |
| 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 | $871,008 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,174,537 |
| 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, Grabe Family Foundation has awarded $209,750 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF THE FREE LIBRARY & READING RM ROWAY PURPOSE: GENERAL & UNRESTRICTED | $500 |
BRIDGEPORT HOSPITAL FOUNDATION INC PURPOSE: ROSE OF COMPASSION FOR NORMA PFRIEM BREAST CENTER ROH-2022-GRABE | $5,000 |
BRIMMER & MAY SCHOOL PURPOSE: ANNUAL FUND | $20,000 |
CHILDRENS SCHOOL INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CRANE MOUNTAIN VALLEY HORSE RESCUE INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
CROSSROADS K9 RESCUE INC PURPOSE: GENERAL & UNRESTRICTED | $12,000 |