John & Denise Graves Foundation
- Assets
- $44.4m
- Revenue
- $1.3m
- Investments
- $40.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1300668
Organization Overview
John & Denise Graves Foundation is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John & Denise Graves 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, John & Denise Graves Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.2%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, John & Denise Graves Foundation has awarded 298 individual grants totaling $10,899,853. 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 |
|---|---|---|---|
William G Graves Trustee/president | 40 | $157,250 | |
John E Graves Trustee | 1 | $0 | |
Denise A Graves Trustee | 1 | $0 | |
Deseandra Sheppheard Vice President, Chie | 40 | $121,705 | |
Kyrra Rankine Vice President, Poli | 40 | $97,204 | |
Carla Godwin Project Manager | 40 | $86,822 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landon Group Llc | 12/30/20 | $61,628 |
Faegre Drinker Bidde & Reath Llp | 12/30/20 | $62,813 |
Ubs Financial Services Inc | 12/30/20 | $147,918 |
Collage Architects Llc | 12/30/20 | $170,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $974,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $360,314 |
| Capital Gain Net Income | $360,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,336,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,305 |
| Other employee salaries and wages | $564,839 |
| Pension plans, employee benefits | $118,916 |
| Interest | $0 |
| Taxes | $161,739 |
| Depreciation | $19,805 |
| Occupancy | $37,692 |
| Travel, conferences, and meetings | $44,134 |
| Printing and publications | $0 |
| Other expenses | $167,500 |
| Total operating and administrative expenses | $1,485,490 |
| Contributions, gifts, grants paid | $2,897,476 |
| Total expenses and disbursements | $4,382,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,313 |
| Savings and temporary cash investments | $2,818,470 |
| 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 | $814,665 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,036,026 |
| Net Land, buildings, and equipment | $73,507 |
| Other assets | $21,467 |
| Total assets | $44,447,544 |
| Accounts payable and accrued expenses | $13,084 |
| 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 | $50,000 |
| Total liabilities | $63,084 |
Grants Awarded
Over the last fiscal year, John & Denise Graves Foundation has awarded $2,896,226 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE TWIN CITIES PURPOSE: EDUCATION GRANT | $86,400 |
ACHIEVE TWIN CITIES PURPOSE: DISCRETIONARY GRANT | $25,000 |
ACHIEVE TWIN CITIES PURPOSE: RAPID RESPONSE GRANT | $5,000 |
ALIGHT (FORMERLY AMERICAN REFUGEE COMMITTEE) PURPOSE: RAPID RESPONSE GRANT | $5,000 |
AL-MAA'UUN PURPOSE: EDUCATION GRANT | $30,000 |
AUGSBURG UNIVERSITY PURPOSE: EDUCATION GRANT | $40,000 |