Clifford And Lavonne Graese Foundation
- Assets
- $9.2m
- Revenue
- $553.2k
- Investments
- $8.4m
- Employees
- 0
- Location
- Yulee, FL
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 13-3388411
Organization Overview
Clifford And Lavonne Graese Foundation is located in Yulee, FL. The organization was established in 1987. 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. Clifford And Lavonne Graese 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 12/2023, Clifford And Lavonne Graese Foundation generated $553.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $782.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clifford And Lavonne Graese Foundation has awarded 279 individual grants totaling $6,462,431. 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 |
|---|---|---|---|
Diane Graese President/treasurer/dir | 2 | $0 | |
Sally Daugherty Vp/director | 1 | $0 | |
Larry Graese VP Director | 1 | $0 | |
Susan Alfirevic Chairman, Sec,dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $420,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,168 |
| Capital Gain Net Income | $133,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $553,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $696 |
| Total operating and administrative expenses | $57,435 |
| Contributions, gifts, grants paid | $725,000 |
| Total expenses and disbursements | $782,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $852,825 |
| 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 | $9,218,235 |
| 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, Clifford And Lavonne Graese Foundation has awarded $810,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF THE BLACK HILLS PURPOSE: CHARITABLE | $20,000 |
ALL HANDS AND HEARTS PURPOSE: CHARITABLE | $10,000 |
BLACK HILLS CHILDREN'S HOME PURPOSE: CHARITABLE | $30,000 |
BRIDGE COMMUNITIES PURPOSE: CHARITABLE | $50,000 |
JACKSONVILLE HISTORICAL SOCIETY PURPOSE: CHARITABLE | $30,000 |
CORNERSTONE RESCUE MISSION PURPOSE: CHARITABLE | $30,000 |