Grove Foundation Inc

Organization Overview

Grove Foundation Inc is located in Neptune, NJ. The organization was established in 2002. 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. Grove Foundation 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, Grove Foundation Inc generated $441.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $752.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NA


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $350,000
Interest on Savings $70,414
Dividends & Interest $10,453
Net Rental Income$0
Net Gain on Sale of Assets $10,353
Capital Gain Net Income $10,353
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $441,220

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