Graves Foundation Inc
- Assets
- $1.5m
- Revenue
- $169.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 58-1876906
Organization Overview
Graves Foundation Inc is located in Atlanta, GA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Graves 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 12/2022, Graves Foundation Inc generated $169.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $190.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Graves Foundation Inc has awarded 212 individual grants totaling $2,218,400. 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 M Graves Director | 1 | $0 | |
William M Graves Jr President And Director | 1 | $0 | |
Martha Graves Marriott Director | 1 | $0 | |
Jennifer H Graves Vice President And Director | 1 | $0 | |
Betty C Feezor Secretary, Treasurer And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,256 |
| Capital Gain Net Income | $134,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,571 |
| Total Revenue | $169,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,153 |
| Total operating and administrative expenses | $21,247 |
| Contributions, gifts, grants paid | $169,050 |
| Total expenses and disbursements | $190,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,920 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $155,000 |
| 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 | $1,337,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,538,857 |
| 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, Graves Foundation Inc has awarded $169,050 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE COMMUNITY CENTER PURPOSE: UNRESTRICTED | $2,000 |
ARCS FOUNDATION INC PURPOSE: UNRESTRICTED | $5,000 |
ATLANTA BOTANICAL GARDEN PURPOSE: UNRESTRICTED | $600 |
AGNES SCOTT COLLEGE PURPOSE: UNRESTRICTED | $1,000 |
ATLANTA FOOD BANK PURPOSE: UNRESTRICTED | $500 |
ATLANTA SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED | $30,000 |