Grace Court Foundation Inc
- Assets
- $42.5k
- Revenue
- $941.0
- Investments
- $41.1k
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 04/2011
- Data as of
- 01/2024
- EIN
- 27-5432994
Organization Overview
Grace Court Foundation Inc is located in Winston Salem, NC. The organization was established in 2011. 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 Court 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 01/2024, Grace Court Foundation Inc generated $941.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $12.8k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence A Rosen President, Asst. Treasurer | 3 | $0 | |
Susan A Rosen Secretary/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $929 |
| Capital Gain Net Income | $929 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $3,026 |
| Contributions, gifts, grants paid | $9,768 |
| Total expenses and disbursements | $12,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003 |
| Savings and temporary cash investments | $414 |
| 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 | $41,122 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,539 |
| 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 Court Foundation Inc has awarded $9,768 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: EDUCATION | $750 |
CHABAD OF GREENSBORO PURPOSE: COMMUNITY DEVELOPMENT | $5,578 |
CHABAD OF WAKE FOREST UNIVERSITY PURPOSE: COMMUNITY DEVELOPMENT | $1,080 |
WILLIAMS COLLEGE PURPOSE: EDUCATION | $750 |
SALEM COLLEGE PURPOSE: EDUCATION | $500 |
YALE ANNUAL FUND PURPOSE: EDUCATION | $750 |