Granite Gives Back Inc
- Assets
- $173.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-5148728
Organization Overview
Granite Gives Back Inc is located in Quincy, MA. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Granite Gives Back 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, Granite Gives Back Inc generated $72.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING ASSISTANCE AND VOLUNTEERING THE TIME AND EFFORT OF OUR TEAMMATES, FAMILY AND FRIENDS TO IMPACT THE LOCAL COMMUNITY.THE ORGANIZATION RECEIVED DONATED SERVICES TOTALING $55,982 FOR THE YEAR (NOT INCLUDED IN THE TOTAL EXPENSES).
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 |
|---|---|---|---|
Robert T Hale Jr Chairman | 0.1 | $0 | |
Robert M Schlakman Treasurer | 0.5 | $0 | |
Michael B Galvin ESQ Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,270 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,270 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,174 |
| Total expenses | $24,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,178 |
| Other assets | $0 |
| Total assets | $173,575 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,575 |
Grants Awarded
Over the last fiscal year, Granite Gives Back Inc has awarded $62,070 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOE ANDRUZZI FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
QUINCY COMMUNITY ACTION PROGRAMS PURPOSE: GENERAL SUPPORT | $7,000 |
LIGHT FOUNDATION PURPOSE: GENERAL SUPPORT | $5,070 |