John And Phyllis Groot Foundation
- Assets
- $282.0k
- Revenue
- $74.7k
- Investments
- $249.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1993
- Data as of
- 12/2023
- EIN
- 36-3924778
Organization Overview
John And Phyllis Groot Foundation is located in Wilmington, DE. The organization was established in 1993. 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. John And Phyllis Groot 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 12/2023, John And Phyllis Groot Foundation generated $74.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $279.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John And Phyllis Groot Foundation has awarded 167 individual grants totaling $1,020,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Anne Brandsma Dir, Pres | 3 | $0 | |
Larry A Groot Dir | 0 | $0 | |
Robin J Ipema Trustee | 1 | $0 | |
Gayle Ellen Vryhof Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $826 |
| Dividends & Interest | $8,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,224 |
| Capital Gain Net Income | $53,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,979 |
| Total Revenue | $74,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,445 |
| Total operating and administrative expenses | $19,299 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $279,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,500 |
| 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 | $61,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $282,010 |
| 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, John And Phyllis Groot Foundation has awarded $260,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY CHRISTIAN SERVICES OF ILLINOIS PURPOSE: ADOPTION SERVICES | $1,000 |
BIBLE LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CALVIN CHRISTIAN REFORMED CHURCH PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CALVIN UNIVERSITY PURPOSE: TO PURCHASE 3D CADAVER FOR THE NURSING PROGRAM | $5,000 |
CALVIN UNIVERSITY PURPOSE: SPEECH PATHOLOGY PROGRAM | $5,000 |
CALVIN UNIVERSITY PURPOSE: CALVIN UNIVERSITY NURSING PROGRAM | $1,500 |