Grose Family Foundation
- Assets
- $856.7k
- Revenue
- $90.2k
- Investments
- $307.4k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3518132
Organization Overview
Grose Family Foundation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Grose Family 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, Grose Family Foundation generated $90.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $38.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grose Family Foundation has awarded 42 individual grants totaling $138,500. 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
LETTING GO: FINDING HEALTH AND FREEDOM WAS A THREE-MONTH, BIMONTHLY WEBINAR TAUGHT BY NELLIE GROSE, MD. THE WEBINAR SERIES AIMED TO HELP ATTENDEES IDENTIFY WHAT THEY MAY BE CLINGING TO THAT IS CAUSING SUFFERING, DEVELOP SKILLS TO LET GO OF ATTACHMENTS, DEEPEN THE PRACTICE OF MINDFULNESS, AND FIND MORE HEALTH, JOY, AND FREEDOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nellie Grose President | 1 | $0 | |
Eric Grose Treasurer | 1 | $0 | |
Erwin Grose Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,000 |
| Interest on Savings | $2,490 |
| Dividends & Interest | $5,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,832 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,100 |
| Total Revenue | $90,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,416 |
| Total operating and administrative expenses | $5,443 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $38,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,006 |
| Savings and temporary cash investments | $543,285 |
| 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 | $856,683 |
| 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, Grose Family Foundation has awarded $33,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EAST PALO ALTO TENNIS AND TUTORING PURPOSE: GENERAL SUPPORT | $2,000 |
HOUSTON GALVESTON INSTITUTE INC PURPOSE: GENERAL SUPPORT | $1,000 |
MINDFUL LIVING INITIATIVE PURPOSE: GENERAL SUPPORT | $5,000 |
PLUM VILLAGE COMMUNITY OF ENGAGED BUDDHISM INC PURPOSE: GENERAL SUPPORT | $5,000 |
POWER OF COMPASSION PURPOSE: THE NVC TOOLKIT FOR SOCIAL MEDIA SKILL BUILDING FOR YOUTH | $15,000 |
PARISH CHILDREN'S SCHOOL PURPOSE: GENERAL SUPPORT | $2,000 |