William Caspar Graustein Memorial Fund
- Assets
- $122.7m
- Revenue
- $4.6m
- Investments
- $115.9m
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 04-6037391
Organization Overview
William Caspar Graustein Memorial Fund is located in Hamden, CT. 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. William Caspar Graustein Memorial Fund 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, William Caspar Graustein Memorial Fund generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $8.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William Caspar Graustein Memorial Fund has awarded 1,545 individual grants totaling $49,110,762. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROGRAMS TO:BUILD ASSETS WITHIN CHILDREN'S HOMES, SCHOOLS, NEIGHBORHOODS, AND SOCIETY TO REVERSE THE EFFECTS OF STRUCTURAL RACISM AND POVERTY.INVEST IN A SMALL NUMBER OF HIGHLY DISTRESSED NEIGHBORHOODS AS THE CENTER OF OUR WORK AGAINST POVERTY AND RACISM.SUPPORT PEOPLE MOST AFFECTED, ESPECIALLY PARENTS, TO NAVIGATE AND CHANGE THE BARRIERS THEY SEE.PROMOTE GREATER AWARENESS AND UNDERSTANDING OF THE DISPARITIES RESULTING FROM STRUCTURAL RACISM, THE EFFECTS OF POVERTY AND THE INTERSECTION OF THE TWO.ENCOURAGE HEALING IN OUR SOCIETY BY SUPPORTING DIALOGUE, ACTION, POLICIES AND PRACTICES THAT ADVANCE RACIAL AND ECONOMIC EQUITY.
COMMUNITY LEADERSHIP PROGRAMSTHE COMMUNITY LEADERSHIP PROGRAMS OFFER NONPROFIT STAFF, VOLUNTEERS, BOARD MEMBERS AND MEMBERS OF THE GREATER NEW HAVEN COMMUNITY OPPORTUNITIES TO LEARN ABOUT AND DISCUSS IMPORTANT ISSUES. THROUGH MEETINGS, FULL DAY SEMINARS, AND YEAR-LONG LEADERSHIP TRAINING, PARTICIPANTS BUILD SKILLS AND DEVELOP A NETWORK OF LEADERS WITHIN THE COMMUNITY, WORKING ON CRITICAL SOCIAL ISSUES.
NO-COST MEETING SPACE FOR CONNECTICUT NONPROFITSTHE MEMORIAL FUND PROVIDES MEETING SPACE FOR NONPROFIT ORGANIZATIONS, AT NO OR LOW COST TO THEM, IN ORDER TO BRING PEOPLE TOGETHER FOR TRAINING, CONSULTATION, PLANNING, PROGRAM OVERSIGHT, EVALUATION AND OTHER ACTIVITIES THAT IMPROVE THE STATUS OF CHILDREN AND FAMILIES IN CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Graustein Trustee | 5 | $6,582 | |
Lisa Graustein Trustee | 2 | $0 | |
Barbara Tinney Trustee | 2 | $29,500 | |
Laura A Berry Trustee | 2 | $79,700 | |
R David Addams Executive Director | 50 | $295,469 | |
Lucas Codognolla Trustee | 2 | $23,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/22 | $271,565 |
Reap Unlimited | 12/30/22 | $264,702 |
Launch Consulting Llc | 12/30/22 | $197,500 |
T M Byxbee Company Pc | 12/30/22 | $104,200 |
La Rama Records | 12/30/22 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $370,010 |
| Interest on Savings | $216,622 |
| Dividends & Interest | $235,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,464,305 |
| Capital Gain Net Income | $1,464,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,329,824 |
| Total Revenue | $4,615,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $610,614 |
| Other employee salaries and wages | $1,139,980 |
| Pension plans, employee benefits | $503,640 |
| Interest | $16,163 |
| Taxes | $207,780 |
| Depreciation | $27,814 |
| Occupancy | $188,471 |
| Travel, conferences, and meetings | $83,649 |
| Printing and publications | $4,786 |
| Other expenses | $1,036,223 |
| Total operating and administrative expenses | $4,403,275 |
| Contributions, gifts, grants paid | $4,276,050 |
| Total expenses and disbursements | $8,679,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $5,350,548 |
| 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 | $79,794,313 |
| Net Land, buildings, and equipment | $88,621 |
| Other assets | $1,356,205 |
| Total assets | $122,724,471 |
| 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 | $471,439 |
| Total liabilities | $471,439 |
Grants Awarded
Over the last fiscal year, William Caspar Graustein Memorial Fund has awarded $7,495,450 in support to 146 organizations.
| Grant Recipient | Amount |
|---|---|
WRITER S BLOCK INK INCORPORATED PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
WORLD TRUST EDUCATIONAL SERVICES INC PURPOSE: RACIALEQUITYTOOLS.ORG (RET)'S GROWTH | $1,000 |
URBAN CONCEPTS INC PURPOSE: UNIDAD LATINA EN ACCION (ULA): BUILDING MIGRANT POWER FOR RACIAL AND ECONOMIC JUSTICE | $83,000 |
UNIVERSITY OF CONNECTICUT FOUNDATION INC PURPOSE: SCHOLARS PROGRAM | $54,600 |
UNITED WAY OF COASTAL FAIRFIELD COUNTY INC PURPOSE: PT PARTNER'S CAPACITY EXPANSION PROJECT | $75,000 |
UNITED WE DREAM NETWORK INC PURPOSE: GENERAL OPERATING SUPPORT FOR CT STUDENTS FOR A DREAM | $112,000 |