Rosey Grier Giant Step Foundation
- Assets
- $6.9m
- Revenue
- $319.8k
- Investments
- $6.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 95-3641483
Organization Overview
Rosey Grier Giant Step Foundation is located in Los Angeles, CA. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosey Grier Giant Step 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, Rosey Grier Giant Step Foundation generated $319.8k 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 (28.3%) each year. All expenses for the organization totaled $529.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rosey Grier Giant Step Foundation has awarded 28 individual grants totaling $1,117,905. 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 Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO CREATE AND IMPLEMENT EDUCATIONAL PROGRAMS THAT WILL:1 - MOTIVATE DISADVANTAGED YOUTH TO ACQUIRE THE LEARNING SKILLS AND KNOWLEDGE REQUIRED TO DEVELOP ACADEMICALLY AND BE ABLE TO COMPETE FOR OPPORTUNITIES IN DIFFERENT PROFESSIONS. 2 - ESTABLISH PROGRAMS THAT WILL ALSO HELP THESE YOUTH ACQUIRE THE MENTAL AND PHYSICAL TOOLS TO PARTICIPATE IN AMATUER ATHLETIC PROGRAMS AND ALSO APPLY THESE TOOLS TO ENHANCE THEIR ACADEMIC DEVELOPMENT.3 - STRUCTURE OPPORTUNITIES FOR THESE YOUTH TO INTERACT WITH SENIOR CITIZENS AND LEARN LIFE LESSONS FROM THESE OLDER ADULTS. 4 - FOSTER AND PROMOTE SPIRITIUAL VALUES OF THE YOUTH SERVED BY THE FOUNDATION.5 - ENGAGE IN FUNDRAISING TO SUPPORT EACH OF THE FOREGOING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS FOR ACADEMIC AND ATHLETIC MENTORSHIP TO DISADVANTAGED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cydnee Grier Ceo/director | 20 | $0 | |
Rosey Grier Cfo/director | 10 | $0 | |
Brian Weaver Director | 2 | $0 | |
Pat Smith Director | 2 | $0 | |
Marilou Derechinsky Director | 2 | $0 | |
Farrah Brummett Secretary | 20 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,293 |
| Interest on Savings | $68,764 |
| Dividends & Interest | $114,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,303 |
| Capital Gain Net Income | $133,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $319,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,303 |
| Total operating and administrative expenses | $79,929 |
| Contributions, gifts, grants paid | $449,405 |
| Total expenses and disbursements | $529,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,963 |
| Savings and temporary cash investments | $545,489 |
| 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 | $1,985,005 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,911,786 |
| 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, Rosey Grier Giant Step Foundation has awarded $449,405 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE CHRISTIAN ACADEMY PURPOSE: TUTORING/MENTORING STUDENTS, SPORTS PROGRAM SUPPORT | $204,405 |
KENNETH COPELAND MINISTRIES PURPOSE: MINISTRY ASSISTANCE | $25,000 |
UNIVERSITY CAREERS AND SPORTS PURPOSE: MENTORING YOUTH, SCHOLARSHIPS, SPORTS | $60,000 |
LIGHTHOUSE CHURCH PURPOSE: MISSIONS SUPPORT | $20,000 |
ORAL ROBERTS UNIVERSITY PURPOSE: MENTORING ATHLETES | $25,000 |
LEADERSHIP INSTITUTE PURPOSE: EDUCATION | $45,000 |