Grigg Lewis Foundation Inc
- Assets
- $46.4m
- Revenue
- $2.2m
- Investments
- $38.0m
- Employees
- 0
- Location
- Lockport, NY
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 16-1550858
Organization Overview
Grigg Lewis Foundation Inc is located in Lockport, NY. The organization was established in 1998. 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. Grigg Lewis 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 12/2022, Grigg Lewis Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Grigg Lewis Foundation Inc has awarded 348 individual grants totaling $16,939,482. 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 |
|---|---|---|---|
Chris Smith Executive Director | 40 | $112,000 | |
Dan L Wilson President | 2 | $15,208 | |
Mary F Murphy Vice President | 2 | $11,000 | |
Eric W Connor Treasurer | 2 | $13,000 | |
Brian F Costello Secretary | 2 | $11,100 | |
Joan Aul Director | 2 | $11,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,039,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,114,511 |
| Capital Gain Net Income | $1,114,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500 |
| Total Revenue | $2,155,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $218,023 |
| Other employee salaries and wages | $108,849 |
| Pension plans, employee benefits | $29,384 |
| Interest | $0 |
| Taxes | $24,650 |
| Depreciation | $0 |
| Occupancy | $23,195 |
| Travel, conferences, and meetings | $5,332 |
| Printing and publications | $0 |
| Other expenses | $109,346 |
| Total operating and administrative expenses | $763,534 |
| Contributions, gifts, grants paid | $923,679 |
| Total expenses and disbursements | $1,687,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,272 |
| Savings and temporary cash investments | $2,059,451 |
| 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 | $5,279,268 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,100 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $282,524 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,364,782 |
| Accounts payable and accrued expenses | $873 |
| Grants payable | $820,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,272,717 |
| Other liabilities | $0 |
| Total liabilities | $6,093,590 |
Grants Awarded
Over the last fiscal year, Grigg Lewis Foundation Inc has awarded $5,447,879 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS ROMAN CATHOLIC PARISH PURPOSE: RELIGIOUS | $1,000 |
AMERICAN RED CROSS WNY CHAPTER PURPOSE: HUMAN SERVICE | $10,000 |
ATMOSPHERE SALON INC PURPOSE: HUMAN SERVICE | $25,000 |
BE A FRIEND PROGRAM INC-BIG BROTHERS BIG SISTERS PURPOSE: YOUTH | $8,700 |
BOY SCOUTS OF AMERICA IROQUOIS TRAIL COUNCIL PURPOSE: YOUTH | $10,000 |
BUFFALO INNER CITY BALLET CO INC PURPOSE: ARTS & CULTURE | $1,000 |