H E Graves Family Foundation Inc
- Assets
- $536.6k
- Revenue
- $119.9k
- Investments
- $509.7k
- Employees
- 0
- Location
- Copley, OH
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 65-0101433
Organization Overview
H E Graves Family Foundation Inc is located in Copley, OH. The organization was established in 1989. 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. H E Graves Family 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, H E Graves Family Foundation Inc generated $119.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $111.3k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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 2020, H E Graves Family Foundation Inc has awarded 243 individual grants totaling $325,850. 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 |
|---|---|---|---|
S Keith Graves President/secretary | 0.5 | $0 | |
Patrick L O'neill Treasurer | 0.5 | $0 | |
Dennis Vlassis Vice President | 0.5 | $0 | |
Pamela G O'neill Co-Trustee | 0.5 | $0 | |
Michele A Graves Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,454 |
| Capital Gain Net Income | $84,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37 |
| Total Revenue | $119,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $17,653 |
| Contributions, gifts, grants paid | $93,600 |
| Total expenses and disbursements | $111,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,879 |
| 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 | $509,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $536,608 |
| 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, H E Graves Family Foundation Inc has awarded $93,600 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
AKRON AREA INTERGROUP COUNCIL OF AA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
AKRON CIVIC CENTER PURPOSE: GENRAL OPERATING SUPPORT | $150 |
AKRON ROTARY FOUNDATION PURPOSE: GENERAL | $1,500 |
AKRON SNOW ANGELS PURPOSE: GENERAL OPERATING SUPPORT | $500 |
AKRON ZOOLOGICAL PARK PURPOSE: GENERAL OPERATING SUPPORT | $750 |