Grier Foundation
- Assets
- $54.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 173
- Location
- Tyrone, PA
- Founding
- 02/1960
- Data as of
- 06/2022
- EIN
- 23-1517016
Organization Overview
Grier Foundation is located in Tyrone, PA. The organization was established in 1960. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Grier Foundation employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grier Foundation 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 06/2022, Grier Foundation generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION, ROOM & BOARD AND ACTIVITIES FOR STUDENTS PRIMARILY IN 7TH THRU 12TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOOLING, ROOM, BOARD AND STUDENT ACTIVITIES FOR STUDENTS IN 7TH THRU 12TH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Administrator Employee | Trustee | 40 | $125,492 |
Rosemary Brumley Birchard Trustee | Trustee | 1 | $0 |
Suzanne Castano-Foy Trustee | Trustee | 1 | $0 |
Jeannie Pascale Trustee | Trustee | 1 | $0 |
Cristina Rice Savina Trustee | Trustee | 1 | $0 |
Heidi Heutel Bohn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,245 |
| Total Program Service Revenue | $9,494,479 |
| Investment income | $151,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,373,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $463,314 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,577,994 |
| Pension plan accruals and contributions | $432,871 |
| Other employee benefits | $374,741 |
| Payroll taxes | $341,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $200,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393,896 |
| Travel | $85,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $924,706 |
| Insurance | $0 |
| All other expenses | $825,654 |
| Total functional expenses | $10,487,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,662 |
| Savings and temporary cash investments | $36,722,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,631,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,313 |
| Prepaid expenses and deferred charges | $117,642 |
| Net Land, buildings, and equipment | $12,545,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,103,037 |
| Accounts payable and accrued expenses | $803,853 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,105,388 |
| Total liabilities | $6,909,241 |
| Net assets without donor restrictions | $44,343,004 |
| Net assets with donor restrictions | $2,850,792 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,103,037 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grier Foundation has recieved totaling $31,289.
| Awarding Organization | Amount |
|---|---|
Martha Mack Lewis Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,811 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |