Greta Godley Memorial Foundation
- Assets
- $2.7m
- Revenue
- $890.3k
- Investments
- $2.5m
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- Data as of
- 12/2022
- EIN
- 84-6596262
Organization Overview
Greta Godley Memorial Foundation is located in Ponte Vedra Beach, FL. 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. Greta Godley Memorial 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 12/2022, Greta Godley Memorial Foundation generated $890.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $132.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Greta Godley Memorial Foundation has awarded 44 individual grants totaling $301,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUND TO SUPPORT EDUCATIONAL ACTIVITIES PROVIDING GRANTS FOR COLLEGIATE EDUCATION OF HIGH ACHIEVING STUDENTS WITH LIMITED FINANCIAL RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Godley Trustee | 2 | $0 | |
Heather Bayfield Trustee | 5 | $8,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $899,468 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,285 |
| Capital Gain Net Income | $837,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $890,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,075 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $26,167 |
| Contributions, gifts, grants paid | $106,000 |
| Total expenses and disbursements | $132,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,721 |
| Savings and temporary cash investments | $0 |
| 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 | $2,671,004 |
| 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, Greta Godley Memorial Foundation has awarded $106,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SUNY CORTLAND PURPOSE: SCHOLARSHIP | $2,000 |
CASTLETON UNIVERSITY PURPOSE: SCHOLARSHIP | $6,000 |
SUNY BROOME PURPOSE: SCHOLARSHIP | $6,000 |
HARRISBURG COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
COASTAL CAROLINA UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
CORNELL UNIVERSITY PURPOSE: SCHOLARSHIP | $15,000 |