David F And Margaret T Grohne Family Foundation
- Assets
- $158.7m
- Revenue
- $8.3m
- Investments
- $145.9m
- Employees
- 0
- Location
- Western Springs, IL
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 36-4061509
Organization Overview
David F And Margaret T Grohne Family Foundation is located in Western Springs, IL. The organization was established in 1996. 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. David F And Margaret T Grohne Family 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 12/2022, David F And Margaret T Grohne Family Foundation generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David F And Margaret T Grohne Family Foundation has awarded 108 individual grants totaling $28,577,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT CONDUCT ANY DIRECT CHARITABLEACTIVITIES, ACCORDINGLY, THERE IS NO RELEVANT STATISTICALINFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Grohne President - As Required | 0 | $0 | |
Margaret Grohne VP - As Required | 0 | $0 | |
Jeffrey Grohne Director - As Required | 0 | $0 | |
Patricia Tassone Director - As Required | 0 | $0 | |
Jennifer Huber Director - As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,160,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,343,834 |
| Capital Gain Net Income | $978,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $308,294 |
| Total Revenue | $8,312,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $386,441 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $331,195 |
| Total operating and administrative expenses | $1,236,588 |
| Contributions, gifts, grants paid | $10,000,200 |
| Total expenses and disbursements | $11,236,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,822,534 |
| 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 | $16,429,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,737,707 |
| 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, David F And Margaret T Grohne Family Foundation has awarded $10,000,200 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS FOUNDATION OF AMERICA INC PURPOSE: CHARITABLE | $2,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: CHARITABLE | $1,000 |
CATO INSTITUTE PURPOSE: CHARITABLE | $10,000 |
CORAL RESTORATION FOUNDATION PURPOSE: CHARITABLE | $1,000 |
COOL EARTH PURPOSE: CHARITABLE | $5,000 |
DELTA WATERFOWL FOUNDATION PURPOSE: CHARITABLE | $100,000 |