Graff Educational Foundation Inc
- Assets
- $545.1k
- Revenue
- $38.4k
- Investments
- $542.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2002
- Data as of
- 11/2023
- EIN
- 75-2913161
Organization Overview
Graff Educational Foundation Inc is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graff Educational 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 11/2023, Graff Educational Foundation Inc generated $38.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $24.9k during the year ending 11/2023. While expenses have increased by 3.7% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD QUALIFIED SCHOLARSHIPS TO ELIGIBLE INDIVIDUALS FROM THE COMMUNITY WHO WILL HAVE AN OPPORTUNITY TO PARTICIPATE IN A PROGRAM OF STUDY AT AN INSTITUTION OF HIGHER LEARNING; AS WELL AS TO CONDUCT OTHER CHARITABLE, BENEVOLENT, EDUCATIONAL AND SOCIAL FUNCTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Welch Sec/treas | 0 | $0 | |
Stanley V Graff President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $19 |
| Dividends & Interest | $4,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,949 |
| Capital Gain Net Income | $8,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,938 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $24,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,071 |
| 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 | $542,013 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $545,084 |
| Accounts payable and accrued expenses | $4,150 |
| 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 | $4,150 |
Grants Awarded
Over the last fiscal year, Graff Educational Foundation Inc has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND PRAIRIE ISD ED FOUNDATION PURPOSE: EDUCATIONAL PURPOSE | $11,000 |
IMMACULATE CONCEPTION SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $11,000 |