Gracie Foundation Inc
- Assets
- $329.7k
- Revenue
- $14.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Naples, FL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3824364
Organization Overview
Gracie Foundation Inc is located in Naples, FL. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Gracie 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 12/2023, Gracie Foundation Inc generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $304.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DELIVERS FREE GIFT PACKAGES TO WOMEN CURRENTLY UNDERGOING CHEMOTHERAPY OR RADIATION TREATMENTS. IN 2021 PACKAGES DISTRIBUTED INCLUDED ITEMS SUCH AS: NATURAL LOTIONS, COFFEE MUGS, BEAUTIFUL SCARVES, NOTEPADS, LIP BALMS, EYE MASKS, SOAPS, AND INSPIRATIONAL JOURNALS. OUR "PRETTY PACKAGES" ARE UPLIFTING AND SUPPORTIVE TO BRAVE WOMEN WHO ARE FIGHTING CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney Sommer Event Coordinator | 1 | $0 | |
Barbara Mccarthy Event Coordinator | 1 | $0 | |
Robert Germain Jr Vice President | 3 | $0 | |
Kaila Krum Secretary | 1 | $0 | |
Mark Krum Event Coordinator | 1 | $0 | |
Lori Krum President/treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,747 |
| Interest on Savings | $315 |
| Dividends & Interest | $9,004 |
| 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 | $14,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,511 |
| Depreciation | $1,364 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $212,180 |
| Total operating and administrative expenses | $303,405 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $304,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,399 |
| 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 | $260 |
| Other assets | $0 |
| Total assets | $329,659 |
| 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, Gracie Foundation Inc has awarded $3,412 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT YOGA PURPOSE: TO SUPPORT YOGA PROGRAMS THAT BRING THE HEALING AND THERAPEUTIC BENEFITS OF YOGA AND MINDFULNESS TO AT RISK AND UNDERSERVED COMMUNITIES | $3,000 |
CANCER ALLIANCE OF NAPLES PURPOSE: TO SUPPORT SERVICES AND PROGRAMS OFFERED TO THOSE IN THE COMMUNITY THAT ARE CURRENTLY DEALING WITH CANCER, AS WELL AS PROVIDE RESOURCES TO THOSE WHO QUALIFY. | $250 |
WESTMORELAND WALKING PURPOSE: TO ASSIST WITH THE FOUNDATION'S EDUCATION AND SUPPORT SERVICES FOR WOMEN DIAGNOSED WITH BREAST CANCER IN THE WESTMORELAND COUNTY COMMUNITY. | $162 |