William & Mary Greve Foundation Inc
- Assets
- $26.8m
- Revenue
- $4.4m
- Investments
- $21.2m
- Employees
- 0
- Location
- Norfolk, CT
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 13-6020724
Organization Overview
William & Mary Greve Foundation Inc is located in Norfolk, CT. The organization was established in 1965. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Mary Greve Foundation 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, William & Mary Greve Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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.
Since 2015, William & Mary Greve Foundation Inc has awarded 736 individual grants totaling $23,609,852. 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 |
|---|---|---|---|
Anthony Cm Kiser President, Director | 30 | $122,000 | |
John W Kiser III Chairman, Director | 30 | $75,000 | |
James Mott Clark Jr Director | 1 | $0 | |
Jennifer Franklin Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/21 | $72,896 |
Friedman Llp | 12/30/21 | $53,140 |
Tamar Miller | 12/30/21 | $52,500 |
Select Equity Group | 12/30/21 | $125,070 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,357 |
| Dividends & Interest | $139,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,298,494 |
| Capital Gain Net Income | $4,298,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,086 |
| Total Revenue | $4,445,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $197,000 |
| Other employee salaries and wages | $182,684 |
| Pension plans, employee benefits | $170,235 |
| Interest | $0 |
| Taxes | $48,058 |
| Depreciation | $14,675 |
| Occupancy | $144,499 |
| Travel, conferences, and meetings | $22,220 |
| Printing and publications | $0 |
| Other expenses | $37,578 |
| Total operating and administrative expenses | $1,248,949 |
| Contributions, gifts, grants paid | $2,835,000 |
| Total expenses and disbursements | $4,083,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,610 |
| Savings and temporary cash investments | $5,029,544 |
| 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 | $7,319 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,714,800 |
| Net Land, buildings, and equipment | $161,264 |
| Other assets | $29,654 |
| Total assets | $26,806,956 |
| Accounts payable and accrued expenses | $63,214 |
| 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 | $194,237 |
| Total liabilities | $257,451 |
Grants Awarded
Over the last fiscal year, William & Mary Greve Foundation Inc has awarded $4,693,000 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, CT PURPOSE: FOR ACQUISITION AND RESTORATION OF ARCANUM HISTORICAL BUILDING. | $1,000,000 |
Norfolk, CT PURPOSE: FOR ACQUISITION AND RESTORATION OF ARCANUM HISTORICAL BUILDING. | $550,000 |
QUINCY INSTITUTE FOR RESPONSIBLE STATECRAFT PURPOSE: IN SUPPORT OF THE CONGRESSIONAL STAFF EDUCATIONAL PROJECT | $150,000 |
URBAN ASSEMBLY INC PURPOSE: IN SUPPORT OF A NETWORK OF NYC PUBLIC SCHOOLS MANAGED BY URBAN ASSEMBLY TO PROVIDE GUIDANCE ON COLLEGE ADMISSIONS AND CAREER COUNSELING. | $100,000 |
New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT. | $100,000 |
poughkeepsie, NY PURPOSE: IN SUPPORT OF GENERAL OPERATIONS AIMED AT PROTECTING THE HUDSON RIVER VALLEY AND INCREASING PUBLIC ACCESS TO THE HUDSON RIVER. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Rhode Island Research Foundation Kingston, RI | $7,209,460 | $8,986,945 |
Public Archaeology Laboratory Inc Pawtucket, RI | $13,550,975 | $5,708,480 |
William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |
New York State Association For Latham, NY | $359,200 | $986,634 |