Granite Point Foundation
- Assets
- $4.1m
- Revenue
- $88.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 04-3213793
Organization Overview
Granite Point Foundation is located in South Portland, ME. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Granite Point 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, Granite Point Foundation generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $282.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Granite Point Foundation has awarded 140 individual grants totaling $1,244,350. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Birmingham Trustee | 1 | $0 | |
Stephen Birmingham Trustee | 1 | $0 | |
Paula Birmingham Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,059 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $582 |
| Total Revenue | $88,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $415 |
| Total operating and administrative expenses | $29,018 |
| Contributions, gifts, grants paid | $253,000 |
| Total expenses and disbursements | $282,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,594 |
| 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 | $3,974,389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,097,983 |
| 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, Granite Point Foundation has awarded $253,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CASCO BAY PURPOSE: GENERAL USE | $25,000 |
GULF OF MAINE RESEARCH INSTITUTE PURPOSE: GENERAL USE | $1,000 |
MAINE ISLAND TRAIL ASSOCIATION PURPOSE: GENERAL USE | $45,000 |
NORTH ATLANTIC FIGURE SKATING CLUB PURPOSE: GENERAL USE | $1,000 |
WILLIAMS COLLEGE PURPOSE: GENERAL USE | $100,000 |
PREBLE STREET PURPOSE: GENERAL USE | $15,000 |