Grand Circle Foundation Inc
- Assets
- $2.0m
- Revenue
- $155.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 04-3175434
Organization Overview
Grand Circle Foundation Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Circle Foundation Inc 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 12/2021, Grand Circle Foundation Inc generated $155.1k 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 (51.8%) each year. All expenses for the organization totaled $821.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Grand Circle Foundation Inc has awarded 27 individual grants totaling $709,062. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTEE NAME: WINE TO WATERTANZANIA: PURCHASE WATER DRILLING RIG
GRANTEE NAME: WINE TO WATERUSA: WATER FILTERS AN TANKS FOR NAVAJO NATION
GRANTEE NAME: HIMALAYAN TRUST FOUNDATIONNEPAL: BUILD A GIRLS DORMITORY AT SOTANG SCHOOL
GRANTEE NAME: SEVENTH GENERATION FUND FOR INDIGENOUS PEOPLEUSA: GENERAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Byrnes Vice President, Treasurer, Clerk | 22.5 | $0 | |
Barbara Sirigos Director, Grand Circ | 30 | $60,391 | |
Edward R Lewis Director | 5 | $0 | |
Charlotte R Lewis Director | 5 | $0 | |
Alan E Lewis President | 5 | $0 | |
Harriet Lewis Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Juma Crawford | 12/30/20 | $50,000 |
Rsm Us Llp | 12/30/20 | $45,099 |
Andersen Tax Llc | 12/30/20 | $29,200 |
Kpmg Llp | 12/30/20 | $25,000 |
Pinnacle Leadership Foundation | 12/30/20 | $24,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,717 |
| Interest on Savings | $2,401 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $213,371 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,792 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170,858 |
| Total operating and administrative expenses | $409,371 |
| Contributions, gifts, grants paid | $412,565 |
| Total expenses and disbursements | $821,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,896,501 |
| Net Accounts receivable | $100,000 |
| 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 | $19,632 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,016,133 |
| Accounts payable and accrued expenses | $59,362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $98,589 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $70,000 |
| Total liabilities | $227,951 |
Grants Awarded
Over the last fiscal year, Grand Circle Foundation Inc has awarded $412,565 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Boone, NC PURPOSE: GENERAL | $100,000 |
Boone, NC PURPOSE: GENERAL | $79,565 |
HIMALAYAN TRUST FOUNDATION PURPOSE: GENERAL | $58,000 |
Arcata, CA PURPOSE: GENERAL | $55,000 |
SOLSTICE PURPOSE: GENERAL | $40,000 |
STREETS INTERNATIONAL PURPOSE: GENERAL | $36,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grand Circle Foundation Inc has recieved totaling $8,100.
| Awarding Organization | Amount |
|---|---|
Mitchell Family Foundation Inc Temple Terrace, FL PURPOSE: INTERNATIONAL COMMUNITY DEVELOPMENT | $8,000 |
Carol I Arnett Charitable Foundation Sunnyvale, CA PURPOSE: GENERAL FUND | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |