Grace Elizabeth Groner Scholarship Foundation
- Assets
- $5.8m
- Revenue
- $366.0k
- Investments
- $5.2m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-6687616
Organization Overview
Grace Elizabeth Groner Scholarship Foundation is located in Lake Forest, IL. The organization was established in 2009. 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. Grace Elizabeth Groner Scholarship 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 12/2021, Grace Elizabeth Groner Scholarship Foundation generated $366.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $409.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Grace Elizabeth Groner Scholarship Foundation has awarded 34 individual grants totaling $747,869. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND SCHOLARSHIPS FOR THREE STUDENTS TO ATTEND ROSALIND FRANKLIN UNIVERSITY OF MEDICINE AND SCIENCE.
FUND INTERNSHIPS IN LONDON FOR TWO STUDENTS THROUGH THE NATIONAL LOTTERY HERITAGE FUND, FOCUSED ON SOCIAL MEDIA DEVELOPMENT AND PUBLIC RELATIONS.
FUND RESEARCH PROJECTS FOR ONE STUDENT AT WILLIAM AND MARY ACCOUNTING PROGRAM
FUND INTERNSHIP FOR ONE STUDENT AT LAKE FOREST ACADEMY, FOCUSED ON SOCIAL MEDIA DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Marlatt Trustee, Director | 30 | $24,000 | |
L Robert Pasquesi Trustee, Director | 1 | $0 | |
Stephen D Schutt Director | 1 | $0 | |
Ally Bain Director | 1 | $0 | |
Kathryn Marlatt Trustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $173,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,908 |
| Capital Gain Net Income | $183,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,666 |
| Total Revenue | $366,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $40,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,668 |
| Depreciation | $11,224 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,319 |
| Printing and publications | $0 |
| Other expenses | $104,463 |
| Total operating and administrative expenses | $206,944 |
| Contributions, gifts, grants paid | $202,295 |
| Total expenses and disbursements | $409,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $298,328 |
| 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 | $5,243,818 |
| Net Land, buildings, and equipment | $228,737 |
| Other assets | $1,344 |
| Total assets | $5,772,727 |
| 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, Grace Elizabeth Groner Scholarship Foundation has awarded $202,295 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMALIE AUSLAND-BJERKELY PURPOSE: FELLOWSHIP: NATIONAL LOTTERY HERITAGE FUND | $66,834 |
PHILIP OFOSU-AMAAH PURPOSE: SCHOLARSHIP: ROSALIND FRANKLIN | $63,407 |
NATALIE STEVENSON PURPOSE: INTERNSHIP: LAKE FOREST ACADEMY & FELLOWSHIP: NATIONAL LOTTERY HERITAGE FUND | $21,563 |
ZACHARY WEINSTEIN PURPOSE: SCHOLARSHIP: ROSALIND FRANKLIN | $20,000 |
LINDSEY CONTRERAS PURPOSE: SCHOLARSHIP: WILLIAM AND MARY | $15,491 |
KAITLYN WOODMAN PURPOSE: SCHOLARSHIP: ROSALIND FRANKLIN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |