National Grid Foundation
- Assets
- $38.7m
- Revenue
- -$1.0m
- Investments
- $38.3m
- Employees
- 0
- Location
- Hicksville, NY
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 11-3466416
Organization Overview
National Grid Foundation is located in Hicksville, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. National Grid Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, National Grid Foundation has awarded 750 individual grants totaling $21,002,800. 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 Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen R Cohen Chair | 1.3 | $0 | |
Rev Dr Gary V Simpson Vice-Chair | 1.3 | $0 | |
Carmen Fields Vice-Chair | 1.3 | $0 | |
Don Lowery Treasurer | 0.35 | $0 | |
Ebone M Carrington Board Member | 0.35 | $0 | |
Calvin L Corriders Board Member | 0.35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Keller | 12/30/17 | $98,100 |
Eisenberg & Schnell Llp | 12/30/17 | $74,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $801,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,809,172 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,007,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $271,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,836 |
| Total operating and administrative expenses | $340,160 |
| Contributions, gifts, grants paid | $3,244,800 |
| Total expenses and disbursements | $3,584,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,000 |
| 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 | $38,271,659 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $412,681 |
| Total assets | $38,704,340 |
| Accounts payable and accrued expenses | $45,948 |
| 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 | $142,775 |
| Total liabilities | $188,723 |
Grants Awarded
Over the last fiscal year, National Grid Foundation has awarded $3,244,800 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS JUSTICE BROOKLYN PURPOSE: NATIONAL GRID FOUNDATION SENIOR LEAP PROJECT | $20,000 |
BARUCH COLLEGEBARUCH COLLEGE FUND PURPOSE: IMPROVING VULNERABLE STUDENT OUTCOMES - SEEK PROGRAM | $25,000 |
BOYS & GIRLS CLUB OF METRO WEST PURPOSE: CLEAN ENERGY LEADERS OF THE FUTURE | $20,000 |
BEAM CENTER PURPOSE: BEAMWORKS APPRENTICE AND TEEN INSTRUCTOR PROJECT PROPOSAL 2021-22 | $20,000 |
BOYS & GIRLS CLUB OF WAKEFIELD-STONEHAM PURPOSE: ENVIRONMENTAL EDUCATION PROGRAM | $21,000 |
BOSTON CHINATOWN NEIGHBORHOOD CENTER PURPOSE: ADULT EDUCATION AND WORKFORCE INITIATIVES | $15,000 |