Robert E And Edith M Grissinger Foundation
- Assets
- $10.2m
- Revenue
- $666.3k
- Investments
- $9.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-4654269
Organization Overview
Robert E And Edith M Grissinger Foundation is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert E And Edith M Grissinger 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 12/2023, Robert E And Edith M Grissinger Foundation generated $666.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $612.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert E And Edith M Grissinger Foundation has awarded 71 individual grants totaling $1,420,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF INDIGENOUS AND HOMELESS YOUTH4 ORGANIZATIONS
SUPPORT FOR PRE-SCHOOL EDUCATION AND CULTURAL ACTIVITIES 4 ORGANIZATIONS
SUPPORT FOR ORGANIZATION INVOLVED IN PROVIDING YOUNG ADULT TEEN AND POST SECONDARY EDUCATION AND CULTURAL ACTIVITIES 7 ORGANIZATIONS
SUPPORT FOR UMBRELLA ORGANIZATION FOR PROVIDING BASIC NEEDS AND ECONOMIC GUIDANCE 7 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Fields Treasurer | 1 | $0 | |
Bruce Nerland President | 1 | $0 | |
Dianne Haulcy Director Director | 1 | $2,000 | |
Frank Forsberg Director Director | 1 | $0 | |
Pamela Weier Director Secretary | 1 | $2,000 | |
Heather Fields-Kruse Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,238 |
| Dividends & Interest | $245,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410,943 |
| Capital Gain Net Income | $410,943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $666,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,890 |
| Total operating and administrative expenses | $116,764 |
| Contributions, gifts, grants paid | $496,000 |
| Total expenses and disbursements | $612,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,757 |
| Savings and temporary cash investments | $150,110 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,207,932 |
| 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, Robert E And Edith M Grissinger Foundation has awarded $496,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
WALKER WEST MUSIC PURPOSE: PROVIDE MULTI FACETED MUSIC EDUCATION | $25,000 |
ST PAUL CENTRAL SCHOLARSHIP FUND PURPOSE: PROVIDE FUNDS FOR POST SECONDARY EDUCATION | $10,000 |
COMMUNITY PARTNERS FOR YOUTH PURPOSE: PROVIDE AFTER SCHOOL AND SUMMER ACTIVITIES | $25,000 |
COURAGE KENNY FOUNDATION PURPOSE: PROVIDE SPORTING EQUIPMENT FOR DISABLED | $25,000 |
GREAT RIVER GREENING PURPOSE: PROVIDE FUNDS FOR ENVIROMENTAL EDUCATION | $25,000 |
PROJECT PRIDE FOR LIVING PURPOSE: FUNDS FOR HOUSING AND EDUCATION OF HOMELESS | $25,000 |