Mark & Susan Grimme Family Foundation
- Assets
- $1.6m
- Revenue
- $444.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Southgate, KY
- Founding
- Data as of
- 12/2023
- EIN
- 84-3545278
Organization Overview
Mark & Susan Grimme Family Foundation is located in Southgate, KY. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark & Susan Grimme Family 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, Mark & Susan Grimme Family Foundation generated $444.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.2% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan E Grimme Director, President, & Secretary | 0.5 | $0 | |
Mark J Grimme Director & Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $407,604 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,349 |
| Capital Gain Net Income | $8,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $443,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $9,220 |
| Contributions, gifts, grants paid | $62,500 |
| Total expenses and disbursements | $71,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,865 |
| Savings and temporary cash investments | $300,000 |
| 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 | $357,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,568,885 |
| 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, Mark & Susan Grimme Family Foundation has awarded $62,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR CATHOLIC URBAN EDUCATION PURPOSE: CHARITABLE | $2,000 |
BRIGHTON CENTER PURPOSE: CHARITABLE | $1,000 |
CARMEL MANOR PURPOSE: CHARITABLE | $500 |
CARENET PREGNANCY SERVICES PURPOSE: CHARITABLE | $1,000 |
CATHOLIC BISHOPS OF NORTHERN ALASKA PURPOSE: CHARITABLE | $1,000 |
GREATER LIBERTY BAPTIST CHURCH PURPOSE: CHARITABLE | $1,000 |