Alfred And Fay Grosse Memorial Tr
- Assets
- $1.6m
- Revenue
- $675.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Lindale, TX
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 14-6324057
Organization Overview
Alfred And Fay Grosse Memorial Tr is located in Lindale, TX. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Alfred And Fay Grosse Memorial Tr 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, Alfred And Fay Grosse Memorial Tr generated $675.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $145.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alfred And Fay Grosse Memorial Tr has awarded 44 individual grants totaling $349,500. 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 |
|---|---|---|---|
Curtis A Baker Trustee | 5 | $0 | |
Randy C Baker Manager | 5 | $22,000 | |
Joe D Johnson Jr Manager | 5 | $22,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $160 |
| Dividends & Interest | $75,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $600,048 |
| Capital Gain Net Income | $600,048 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $675,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $46,624 |
| Contributions, gifts, grants paid | $99,000 |
| Total expenses and disbursements | $145,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,029 |
| 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 | $116,274 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,633,071 |
| 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, Alfred And Fay Grosse Memorial Tr has awarded $99,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TYLER DEAF AND HARD OF HEARING CENT PURPOSE: SERVICES TO DEAF AND HARD OF HEARING | $1,500 |
SALVATION ARMY PURPOSE: ASSISTANCE TO FAMILIES | $15,000 |
NOURA INTERNATIONAL PURPOSE: MEETING PHYSICAL, MENTAL, EMPLOYMENT AND SPIRITUAL NEEDS OF INMATES IN AFRICA | $4,000 |
ANGEL LAYETTE PURPOSE: SERVICES TO FAMILIES WHO EXPERIENCE PRENATAL LOSS | $4,000 |
MOSAIC COUNSELING CENTERS OF EAST T PURPOSE: COUNSELING SERVICES TO LOW INCOME INDIVIDUALS AND FAMILIES | $3,000 |
DALLAS LIFE PURPOSE: SERVICES TO HOMELESS | $16,000 |