Grove Family Educational Trust 00c671
- Assets
- $573.4k
- Revenue
- $23.1k
- Investments
- $557.1k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- Data as of
- 12/2023
- EIN
- 47-6972205
Organization Overview
Grove Family Educational Trust 00c671 is located in Muncie, IN.
For the year ending 12/2023, Grove Family Educational Trust 00c671 generated $23.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.2%) each year. All expenses for the organization totaled $49.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Grove Family Educational Trust 00c671 has awarded 42 individual grants totaling $117,319. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,395 |
| Capital Gain Net Income | $1,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,017 |
| Total Revenue | $23,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,224 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,105 |
| Contributions, gifts, grants paid | $37,888 |
| Total expenses and disbursements | $48,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170 |
| Savings and temporary cash investments | $15,483 |
| Net Accounts receivable | $641 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $573,350 |
| 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, Grove Family Educational Trust 00c671 has awarded $37,888 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,072 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,120 |
MICHIGAN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,120 |
UNIVERSITY OF MICHIGAN ANN ARBOR PURPOSE: SCHOLARSHIPS | $3,072 |
UNIVERSITY OF TOLEDO PURPOSE: SCHOLARSHIPS | $1,024 |
TRINE UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,024 |