Grundy Foundation
- Assets
- $29.6m
- Revenue
- $2.8m
- Investments
- $20.2m
- Employees
- 0
- Location
- Bristol, PA
- Founding
- 05/1963
- Data as of
- 12/2022
- EIN
- 23-1609243
Organization Overview
Grundy Foundation is located in Bristol, PA. The organization was established in 1963. 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. Grundy 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 12/2022, Grundy Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Grundy Foundation has awarded 112 individual grants totaling $1,841,978. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF LIBRARY AND MUSEUM
GRANTMAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Jm Lavalley ESQ Trustee | 0.5 | $14,170 | |
Thomas F Praiss EA CFP Aep Trustee | 0.5 | $14,170 | |
Phila Trust Co Co Michael Crofton Trustee | 0.5 | $87,942 | |
Eugene Williams ESQ Executive Director | 40 | $185,000 | |
Carl E White Trustee | 0.5 | $14,170 | |
Christina M Fournais Trustee | 0.5 | $14,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marquis Construction Services | 12/30/22 | $2,368,183 |
Carl J Nelson | 12/30/22 | $104,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,934 |
| Interest on Savings | $1,312 |
| Dividends & Interest | $782,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,983,800 |
| Capital Gain Net Income | $1,983,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,420 |
| Total Revenue | $2,799,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $356,203 |
| Other employee salaries and wages | $1,140,823 |
| Pension plans, employee benefits | $258,097 |
| Interest | $0 |
| Taxes | $145,289 |
| Depreciation | $0 |
| Occupancy | $271,262 |
| Travel, conferences, and meetings | $10,877 |
| Printing and publications | $0 |
| Other expenses | $4,354,182 |
| Total operating and administrative expenses | $6,567,362 |
| Contributions, gifts, grants paid | $128,560 |
| Total expenses and disbursements | $6,695,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,261 |
| Savings and temporary cash investments | $4,239,997 |
| 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 | $4,970,316 |
| Other assets | $0 |
| Total assets | $29,636,916 |
| 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, Grundy Foundation has awarded $128,560 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR THE HOMELESS & THOSE IN NEED (AHTN) PURPOSE: TRANSPORTATION SERVICES | $4,000 |
BRISTOL BOROUGH COMMUNITY ACTION GROUP PURPOSE: FOOD PANTRY | $1,000 |
BRISTOL BOROUGH POLICE DEPARTMENT PURPOSE: YOUTH ACTIVITIES | $2,000 |
BRISTOL FIRE COMPANY STATION 51 PURPOSE: EMT SUPPLIES | $2,000 |
BRISTOL RIVERSIDE THEATER COMPANY INC PURPOSE: 2022 MAIN STAGE SEASON | $90,000 |
BUCKS COUNTY RESCUE SQUAD PURPOSE: OPERATING SUPPORT | $2,000 |