Grindstone Foundation
- Assets
- $4.5m
- Revenue
- $167.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- Data as of
- 12/2016
- EIN
- 90-0351007
Organization Overview
Grindstone Foundation is located in Gig Harbor, WA.
For the year ending 12/2016, Grindstone Foundation generated $167.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $866.8k during the year ending 12/2016. While expenses have increased by 40.6% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Schreiner President | 8 | $0 | |
Ronna L Schreiner V.president & Treasurer | 8 | $0 | |
James B Lynch Board Member | 8 | $0 | |
Stephanie Sagle Board Member | 8 | $0 | |
Kristina Hatley Board Member | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,946 |
| Capital Gain Net Income | $2,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,423 |
| Total Revenue | $167,339 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,160 |
| Interest | $0 |
| Taxes | $10,572 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,538 |
| Total operating and administrative expenses | $146,825 |
| Contributions, gifts, grants paid | $720,000 |
| Total expenses and disbursements | $866,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,683 |
| Savings and temporary cash investments | $3,390,765 |
| 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 | $4,468,448 |
| 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, Grindstone Foundation has awarded $720,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CATALINA ISLAND MUSEUM PURPOSE: CAPITAL CAMPAIGN TO CONSTRUCT NEW CATALINA ISLAND MUSEUM. | $100,000 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: TO HELP UNDERWRITE COST OF 2016 SUMMER CAMP | $10,000 |
PERMISSION TO START DREAMING FOUNDATION PURPOSE: GENERAL FUND | $50,000 |
HARBOR SOCCER CLUB PURPOSE: GENERAL FUND | $100,000 |
HARBOR WILDWATCH PURPOSE: DEVELOPMENT OF EDUCATIONAL ACTIVITIES AT SKANSIE HOUSE LOCATION | $50,000 |
LIGHTHOUSE CHRISTIAN SCHOOL PURPOSE: UPGRADE PHONE/BELL/CLOCK SYSTEMS. | $25,000 |