Grayhawk Classic Residents Foundation
- Assets
- $1.0m
- Revenue
- $316.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 02-0643508
Organization Overview
Grayhawk Classic Residents Foundation is located in Scottsdale, AZ. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grayhawk Classic Residents 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, Grayhawk Classic Residents Foundation generated $316.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $307.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Grayhawk Classic Residents Foundation has awarded 33 individual grants totaling $737,159. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIP AWARDS GRANTED TO BENEFIT EMPLOYEES AND DEPENDENTS OF VI AT GRAYHAWK ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS. GRANTS ARE MADE TO NONPROFIT ORGANIZATIONS TO ENHANCE THE QUALITY OF LIFE IN THE PHOENIX AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO POST SECONDARY INSTITUTIONS FOR 37 ACADEMIC SCHOLARSHIP AWARDS. STUDENTS ARE PURSUING A VARIETY OF CERTIFICATES AND DEGREE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Urban Director | Trustee | 2 | $0 |
Liz Kendall Director | Trustee | 5 | $0 |
Roger Pelham Director | Trustee | 6 | $0 |
Bob Cappel Director | Trustee | 2 | $0 |
Carol Loftus Director | Trustee | 2 | $0 |
Marilyn Harrer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,900 |
| Total Program Service Revenue | $0 |
| Investment income | $34,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,345 |
| Grants and other assistance to domestic individuals. | $267,267 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $9,277 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,927 |
| Fees for services: Other | $948 |
| Advertising and promotion | $0 |
| Office expenses | $3,189 |
| Information technology | $4,940 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,959 |
| All other expenses | $45 |
| Total functional expenses | $307,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,528 |
| Savings and temporary cash investments | $46,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,570 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $841,018 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,400 |
| Total assets | $1,017,436 |
| Accounts payable and accrued expenses | $1,125 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,125 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $184,619 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $831,692 |
| Total liabilities and net assets/fund balances | $1,017,436 |
Grants Awarded
Over the last fiscal year, Grayhawk Classic Residents Foundation has awarded $267,267 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: Scholarship Support | $125,680 |
WEBSTER UNIVERSITY PURPOSE: Scholarship Support | $3,420 |
UNIVERISTY OF NORTH CAROLINA CHAPEL PURPOSE: Scholarship Support | $5,390 |
GLENDALE COMMUNITY COLLEGE PURPOSE: Scholarship Support | $3,465 |
GATEWAY COMMUNITY COLLEGE PURPOSE: Scholarship Support | $5,205 |
SCOTTSDALE COMMUNITY COLLEGE PURPOSE: Scholarship Support | $1,845 |