Grube Family Foundation Inc
- Assets
- $4.0m
- Revenue
- $113.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Greenwood, IN
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 20-0477803
Organization Overview
Grube Family Foundation Inc is located in Greenwood, IN. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grube Family 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, Grube Family Foundation Inc generated $113.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $307.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grube Family Foundation Inc has awarded 93 individual grants totaling $2,338,884. 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 |
|---|---|---|---|
Janet Krampe Grube Director | 1 | $0 | |
Robert Elzer Director | 1 | $0 | |
John Gardner Director | 1 | $0 | |
William Ferdinand Grube Director | 1 | $0 | |
Jennifer Grube Straumins Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $922 |
| Dividends & Interest | $128,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,695 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$808 |
| Total Revenue | $113,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,580 |
| Contributions, gifts, grants paid | $302,483 |
| Total expenses and disbursements | $307,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,873,955 |
| Savings and temporary cash investments | $0 |
| 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 | $195,697 |
| Total assets | $4,022,781 |
| 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, Grube Family Foundation Inc has awarded $302,483 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
IU FOUNDATION - ADVANCE FELLOWSHIP PURPOSE: ADVANCE FELLOWSHIP | $90,800 |
IU FOUNDATION - CARDIOLOGY FELLOWSHIP PURPOSE: CARDIOLOGY FELLOWSHIP | $84,535 |
Indianapolis, IN PURPOSE: LCFS FOUNDATION | $20,000 |
RONCALLI HIGH SCHOOL PURPOSE: ANNUAL FUND | $20,000 |
Indianapolis, IN PURPOSE: GENERAL | $17,500 |
ST VINCENT FOUNDATION PURPOSE: HEALTH WELLNESS & PREVENTIVE CARE INSTITUTE | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |