Tessie Grosby Charitable Foundation
- Assets
- $112.9k
- Revenue
- $31.7k
- Investments
- $104.2k
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 36-4001246
Organization Overview
Tessie Grosby Charitable Foundation is located in Palatine, IL. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tessie Grosby Charitable 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, Tessie Grosby Charitable Foundation generated $31.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $17.6k during the year ending 12/2021. While expenses have increased by 31.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Spethmann Trustee | 1 | $0 | |
Marilyn Goldberg Cohen Trustee | 1 | $0 | |
Maurice Grosby Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,984 |
| Interest on Savings | $1 |
| Dividends & Interest | $10,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,769 |
| Capital Gain Net Income | $14,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,687 |
| Total Revenue | $31,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,165 |
| Total operating and administrative expenses | $4,542 |
| Contributions, gifts, grants paid | $13,043 |
| Total expenses and disbursements | $17,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,664 |
| 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 | $104,203 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24 |
| Total assets | $112,891 |
| 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 | $5,500 |
| Total liabilities | $5,500 |
Grants Awarded
Over the last fiscal year, Tessie Grosby Charitable Foundation has awarded $13,043 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH UNITED FUND PURPOSE: SUPPORT ORGANIZATION'S MISSION | $5,500 |
GIVE KIDS THE WORLD VILLAGE PURPOSE: SUPPORT ORGANIZATION'S MISSION | $2,115 |
PALATINE OPPORTUNITY CENTER PURPOSE: SUPPORT ORGANIZATION'S MISSION | $2,000 |
Hillsdale, MI PURPOSE: SUPPORT ORGANIZATION'S MISSION | $500 |
BEAR NECESSITIES PURPOSE: CAMPAIGN PAYMENT | $400 |
ST JUDE PURPOSE: SUPPORT ORGANIZATION'S MISSION | $306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |