Gray Matters Capital Inc
- Assets
- $45.3m
- Revenue
- $11.9m
- Investments
- $42.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5176973
Organization Overview
Gray Matters Capital Inc is located in Atlanta, GA. The organization was established in 2007. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gray Matters Capital 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, Gray Matters Capital Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 24.3% per year over the past 5 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 2020, Gray Matters Capital Inc has awarded 16 individual grants totaling $124,390. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION FUND/ASIA & AFRICA: VARIOUS INVESTMENTS AND OPERATIONS WITH SOCIAL ENTERPRISES FOCUSED ON BRINGING AND IMPROVING EDUCATION ACCESS AND QUALITY TO THE BOTTOM OF THE PYRAMID IN INDIA AND EXPLORING REPLICATION SUCCESSFUL EDUCATION INVESTMENTS IN OTHER COUNTRIES.
THE EDUCATION FUND/LATAM: VARIOUS INVESTMENTS AND OPERATIONS WITH SOCIAL ENTERPRISES FOCUSED ON BRINGING AND IMPROVING EDUCATION ACCESS AND QUALITY TO THE BOTTOM OF THE PYRAMID IN LATIN AMERICA.
GMC COLABS: AN EARLY STAGE INVESTMENT PORTFOLIO SEEKING TO INVEST IN BOLD, INNOVATIVE, AND WIDELY SCALABLE SOCIAL ENTERPRISES THAT HAVE THE POTENTIAL TO DRAMATICALLY IMPROVE THE LIVES OF WOMEN AND GIRLS AROUND THE WORLD.
GMC FUND: A PORTFOLIO OF PRI INVESTMENTS AIMED AT COMPANIES THAT USE MARKET-BASED SOLUTIONS TO ADDRESS SOCIAL AND ECONOMIC PROBLEMS IN LOW-INCOME COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Norwood Director/chairman/president | 40 | $358,927 | |
Ngalula Kapinga Trice Kabundi Chief Operating Officer | 40 | $194,515 | |
Robert A Pattillo President | 7 | $104,480 | |
Smita Sircar Director/chairman/president | 40 | $49,078 | |
Laura W Putz Vice President | 40 | $47,778 | |
Michael Davis Director | 1 | $1,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tanya Martinez | 12/30/21 | $53,597 |
Grassroots Capital Management Corp | 12/30/21 | $78,000 |
Raunak Singhvi | 12/30/21 | $55,750 |
Robert Stojanovic | 12/30/21 | $51,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,257,371 |
| Capital Gain Net Income | $9,591,366 |
| Net ST Capital Gain | $9,591,366 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $549,901 |
| Total Revenue | $11,858,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $756,580 |
| Other employee salaries and wages | $564,062 |
| Pension plans, employee benefits | $254,740 |
| Interest | $0 |
| Taxes | $56,378 |
| Depreciation | $1,745 |
| Occupancy | $106,189 |
| Travel, conferences, and meetings | $8,307 |
| Printing and publications | $0 |
| Other expenses | $1,912,033 |
| Total operating and administrative expenses | $3,788,777 |
| Contributions, gifts, grants paid | $65,640 |
| Total expenses and disbursements | $3,854,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,401,584 |
| 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 | $1,184,767 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,727,113 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,313,464 |
| Accounts payable and accrued expenses | $1,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $295,300 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,321,118 |
| Total liabilities | $7,617,668 |
Grants Awarded
Over the last fiscal year, Gray Matters Capital Inc has awarded $65,640 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Norcross, GA PURPOSE: TO SUPPORT THE MISSION OF HELPING ADULTS WITH DEVELOPMENTAL DISABILITIES LIVE IN THE MOST INDEPENDENT ENVIRONMENT POSSIBLE AND GIVE THEM WHAT EVERYONE DESERVES - THE SUPPORT OF A LOVING FAMILY. | $50,000 |
IDEX ACCELERATOR PURPOSE: TO SUPPORT GENERAL OPERATING COSTS ASSOCIATED WITH CREATING THE NEXT WAVE OF SOCIAL INTRAPRENEURS WHO WILL SUPPORT, LEARN, AND ADVANCE THE WORK OF SOCIALLY- FOCUSED ENTERPRISES AROUND THE WORLD. | $10,500 |
Atlanta, GA PURPOSE: TO SUPPORT GEORGIA NONPROFITS | $2,630 |
CALLANWOLDE FINE ARTS CENTER PURPOSE: TO SUPPORT THE MISSION TO PRESERVE, RESTORE, AND DEVELOP THE CALLANWOLDE ESTATE AND TO BE THE PREMIER PUBLIC PARTICIPATORY ARTS AND CULTURAL CENTER | $2,000 |
THE MICHIGAN WOMEN'S FOUNDATION PURPOSE: TO SUPPPORT THE MISSION TO EXPAND ECONOMIC OPPORTUNITY, EMPOWER THE NEXT GENERATION, AND CELEBRATE AND HONOR THE ACCOMPLISHMENTS OF MICHIGAN WOMEN. | $510 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gray Matters Capital Inc has recieved totaling $15,113,281.
| Awarding Organization | Amount |
|---|---|
Gray Matters Charitable Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING AND MISSION SUPPORT | $14,930,358 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $182,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Of Georgia Inc Atlanta, GA | $25,901,404 | $11,179,246 |
Amazima Ministries International Education And Empowerment For East Franklin, TN | $5,696,478 | $7,457,934 |
Junior Achievement Of South Florida Coconut Creek, FL | $18,159,004 | $3,932,079 |
Gray Matters Capital Inc Atlanta, GA | $45,313,464 | $11,858,965 |
Instiglio Miami, FL | $750,033 | $2,766,361 |
Junior Achievement Of Tampa Bay Tampa, FL | $13,350,619 | $4,510,507 |
Chalmers Center For Economic Development At Covenant College Lookout Mountain, GA | $1,151,964 | $2,299,914 |
Junior Achievement Of Central Carolinas Charlotte, NC | $7,663,953 | $1,959,819 |
Justice And Mercy International Inc Nashville, TN | $1,957,323 | $2,696,538 |
Junior Achievement Of Memphis And The Mid-South Cordova, TN | $5,171,864 | $2,925,302 |
Junior Achievement Of Middle Tennessee Nashville, TN | $3,230,603 | $1,528,982 |
Junior Achievement International China Inc Raleigh, NC | $1,654,810 | $1,596,019 |