The Mary E Groff Charitable Trust
- Assets
- $5.1m
- Revenue
- $177.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 23-2725113
Organization Overview
The Mary E Groff Charitable Trust is located in Philadelphia, PA. The organization was established in 1993. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary E Groff Charitable Trust 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, Mary E Groff Charitable Trust generated $177.1k 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 (7.8%) each year. All expenses for the organization totaled $504.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary E Groff Charitable Trust has awarded 46 individual grants totaling $1,651,989. 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 |
|---|---|---|---|
Fatema E F Burkey ESQ Co-Trustee | 40 | $30,000 | |
Robert Fallah Co-Trustee | 25 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,399 |
| Capital Gain Net Income | $68,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,202 |
| Total operating and administrative expenses | $109,105 |
| Contributions, gifts, grants paid | $395,713 |
| Total expenses and disbursements | $504,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $395,003 |
| 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 | $4,752,384 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,147,387 |
| 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, The Mary E Groff Charitable Trust has awarded $395,713 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EXPONENT PHILANTHROPY PURPOSE: GENERAL OPERATING SUPPORT | $2,130 |
AMERICAN BRAIN FOUNDATION PURPOSE: SCHOLARSHIP&LEWY BODY | $93,333 |
GEORGETOWN UNIVERSITY PURPOSE: STUDENT ENRICHMENT ENDOWED | $50,000 |
MERCER ISLAND HIGH SCHOOL FOOTBALL PURPOSE: GENERAL SUPPORT - COMMUNITY | $5,000 |
MERCER ISLAND LACROSSE CLUB PURPOSE: 2022 SPONSORSHIP | $5,000 |
MERCER ISLAND SCHOOLS FOUNDATION PURPOSE: 2022 SPONSERSHIP | $10,000 |