Graesser Foundation
- Assets
- $765.6k
- Revenue
- $47.7k
- Investments
- $728.1k
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 04/1973
- Data as of
- 12/2022
- EIN
- 23-7246052
Organization Overview
Graesser Foundation is located in Tucson, AZ. The organization was established in 1973. 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. Graesser 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, Graesser Foundation generated $47.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $43.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Graesser Foundation has awarded 32 individual grants totaling $274,350. 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 |
|---|---|---|---|
Robert Lohse President | 2 | $0 | |
Jennifer Lohse Vice-President | 2 | $840 | |
Linda Lohse Secretary/treasurer | 2 | $897 | |
Patricia Lohse Not On Board Chief Financial Officer | 2 | $840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $49,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,302 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,677 |
| Other employee salaries and wages | $370 |
| Pension plans, employee benefits | $249 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $136 |
| Travel, conferences, and meetings | $2 |
| Printing and publications | $66 |
| Other expenses | $1,011 |
| Total operating and administrative expenses | $6,916 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $43,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,496 |
| 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 | $0 |
| Total assets | $765,640 |
| 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, Graesser Foundation has awarded $37,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA CATALINA COUNCIL PURPOSE: GENERAL OPERATING UNRESTRICTED FUNDS | $1,000 |
NORTH AMERICAN ASSOCIATION FOR ENVIRONMENTAL EDUCATION PURPOSE: EDUCATION GENERAL FUNDS | $5,000 |
OLD PUEBLO COMMUNITY SERVICES PURPOSE: PROGRAM GENERAL FUNDS | $15,000 |
PIMA COMMUNITY COLLEGE FOUNDATION PURPOSE: EDUCATION ENDOWMENT SCHOLARSHIP FUNDS | $6,000 |
WOODY WILLIAMS FOUNDATION PURPOSE: CAPITAL FUNDS | $5,000 |
SOUTHERN ARIZONA RESEARCH SCIENCE AND ENGINEERING FOUNDATION PURPOSE: EDUCATION UNRESTRICTED FUNDS | $5,000 |