John & Denise Graves Foundation
- Assets
- $54.9m
- Revenue
- $867.4k
- Investments
- $47.3m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2020
- 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 12/2020, John & Denise Graves Foundation generated $867.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $4.3m during the year ending 12/2020. While expenses have increased by 29.5% per year over the past 3 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.
Since 2019, John & Denise Graves Foundation has awarded 220 individual grants totaling $8,003,627. 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 | $163,305 | |
Deseandra Sheppheard Vice President, Chie | 40 | $110,947 | |
Kyrra Rankine Vice President, Poli | 40 | $97,160 | |
Carla Godwin Director Of Operatio | 40 | $80,116 | |
Courtney Kiernat Executive Director, | 30 | $79,800 | |
Jillian Stockmo Director Of Learning | 40 | $78,462 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 |
Landon Group Llc | 12/30/20 | $61,628 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $609,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,963 |
| Capital Gain Net Income | $270,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $856 |
| Total Revenue | $867,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,816 |
| Other employee salaries and wages | $513,777 |
| Pension plans, employee benefits | $120,790 |
| Interest | $0 |
| Taxes | $28,745 |
| Depreciation | $19,805 |
| Occupancy | $48,092 |
| Travel, conferences, and meetings | $23,705 |
| Printing and publications | $0 |
| Other expenses | $177,776 |
| Total operating and administrative expenses | $1,293,928 |
| Contributions, gifts, grants paid | $3,029,939 |
| Total expenses and disbursements | $4,323,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,347 |
| Savings and temporary cash investments | $6,498,415 |
| 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 | $9,327,011 |
| Net Land, buildings, and equipment | $113,117 |
| Other assets | $29,512 |
| Total assets | $54,924,760 |
| Accounts payable and accrued expenses | $37,499 |
| 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 | $74,000 |
| Total liabilities | $111,499 |
Grants Awarded
Over the last fiscal year, John & Denise Graves Foundation has awarded $2,617,600 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: HOUSING/COVID RESPONSE | $300,000 |
Minneapolis, MN PURPOSE: EDUCATION | $200,000 |
Minneapolis, MN PURPOSE: YOUTH DEVELOPMENT | $140,000 |
BENILDE-ST MARGARET PURPOSE: EDUCATION | $124,600 |
Minneapolis, MN PURPOSE: YOUTH DEVELOPMENT/COVID RESPONSE | $100,000 |
Minneapolis, MN PURPOSE: COVID-19 RESPONSE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |