Grace Farms Foundation
- Assets
- $127.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-1401401
Organization Overview
Grace Farms Foundation is located in New Canaan, CT. The organization was established in 2011. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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 Farms 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 Farms Foundation generated $14.3m 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 (15.5%) each year. All expenses for the organization totaled $13.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE STATEMENT 13
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Thatcher Director & Chief Marketing Officer | 50 | $240,000 | |
Rod Khattabi Cao & Justice Init. Dir. | 50 | $240,000 | |
Alina M Reynolds General Counsel & Justice Init. Sr. Ad | 50 | $225,000 | |
Cherie A Sweeney Chief Operations Officer | 50 | $224,846 | |
William J Stonebridge Director Of Faciliti | 50 | $184,250 | |
Elizabeth Rapuano Director Of Communic | 50 | $180,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robinson Cole | 12/30/21 | $237,185 |
Finn Partners Llc | 12/30/21 | $160,127 |
Securitas Security Systems Usa Inc | 12/30/21 | $697,572 |
Pbr Executive Search | 12/30/21 | $105,000 |
Holland & Knight Llp | 12/30/21 | $93,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,227,929 |
| Interest on Savings | $908 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $108,195 |
| Other Income | $0 |
| Total Revenue | $14,337,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,119,883 |
| Other employee salaries and wages | $4,490,478 |
| Pension plans, employee benefits | $1,044,120 |
| Interest | $0 |
| Taxes | $1,355 |
| Depreciation | $2,510,593 |
| Occupancy | $916,368 |
| Travel, conferences, and meetings | $29,559 |
| Printing and publications | $574 |
| Other expenses | $1,409,819 |
| Total operating and administrative expenses | $13,157,729 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $13,207,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $711,935 |
| Savings and temporary cash investments | $1,774,974 |
| Net Accounts receivable | $12,362 |
| 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 | $91,499 |
| Prepaid expenses and deferred charges | $121,052 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $124,554,260 |
| Other assets | $12,792 |
| Total assets | $127,278,874 |
| Accounts payable and accrued expenses | $437,375 |
| Grants payable | $0 |
| Deferred revenue | $104,092 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $541,467 |
Grants Awarded
Over the last fiscal year, Grace Farms Foundation has awarded $978,179 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNCHAIN FOUNDATION PURPOSE: GENERAL SUPPORT | $928,179 |
YALE CENTER FOR FAITH & CULTURE PURPOSE: GENERAL SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Grace Farms Foundation has recieved totaling $104,125.
| Awarding Organization | Amount |
|---|---|
Vranos Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $22,000 |
Investment Professional For Charity Inc Grosse Pointe Farms, MI PURPOSE: IT IS A PLACE FOR MEANINGFUL INTERACTION WHERE PEOPLE OF ALL AGES, EXPERIENCES AND INTERESTS COME TO COLLABORATE FOR GOOD AND PURSUE PEACE WITHIN GRACE FARM'S 80 ACRES. | $20,000 |
Marion Moore Foundation Inc Charlotte, NC PURPOSE: TO AID THE ORGANIZATION IN PURSUING PEACE THROUGH NATURE, ARTS, JUSTICE, COMMUNITY, FAITH, AND DESIGN FOR FREEDOM TO REMOVE FORCED LABOR FROM THE BUILT ENVIRONMENT. | $10,000 |
The Morris Family Foundation Nashville, TN PURPOSE: DONATION | $1,000 |
Goldstone Family Foundation Ridgefield, CT PURPOSE: GENERAL USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |