Grant Thornton Foundation
- Assets
- $329.5k
- Revenue
- $418.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2007
- Data as of
- 07/2023
- EIN
- 30-0438415
Organization Overview
Grant Thornton Foundation is located in Chicago, IL. The organization was established in 2007. 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. Grant Thornton 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 07/2023, Grant Thornton Foundation generated $418.4k 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 (10.3%) each year. All expenses for the organization totaled $448.0k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grant Thornton Foundation has awarded 886 individual grants totaling $5,838,366. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Monahan Director / Chairman | 1 | $0 | |
Rashada Whitehead Director | 1 | $0 | |
Seth Siegel Director | 1 | $0 | |
Danilsa Lopez Director | 1 | $0 | |
Muhammad Bhayat Director | 1 | $0 | |
Kevin Zubor Director / Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $418,368 |
| Interest on Savings | $0 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $418,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,352 |
| Total operating and administrative expenses | $18,377 |
| Contributions, gifts, grants paid | $429,661 |
| Total expenses and disbursements | $448,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,545 |
| Savings and temporary cash investments | $0 |
| 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 | $329,545 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Grant Thornton Foundation has awarded $429,661 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN POVERTY LAW CENTER PURPOSE: PROMOTING RACIAL JUSTICE AND EQUALITY | $100,000 |
THURGOOD MARSHALL COLLEGE FUND PURPOSE: PROMOTING RACIAL JUSTICE AND EQUALITY | $100,000 |
DIGS WITH DIGNITY PURPOSE: GENERAL SUPPORT | $63,411 |
UNIVERSITY OF ILLINOIS PURPOSE: EDUCATIONAL INSTITUTIONAL SUPPORT | $40,000 |
APPALACHIAN STATE UNIVERSITY PURPOSE: EDUCATIONAL INSTITUTIONAL SUPPORT | $35,000 |
FAIR OPPORTUNITY PROJECT PURPOSE: GENERAL SUPPORT | $30,025 |