Stanley And Nancy Grossman Family Foundation
- Assets
- $283.0k
- Revenue
- $89.5k
- Investments
- $252.8k
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 13-3800204
Organization Overview
Stanley And Nancy Grossman Family Foundation is located in New York, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanley And Nancy Grossman Family 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 12/2021, Stanley And Nancy Grossman Family Foundation generated $89.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $115.6k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stanley And Nancy Grossman Family Foundation has awarded 129 individual grants totaling $493,102. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judd B Grossman Director | 0.5 | $0 | |
Jillian Hirsch Director | 0.5 | $0 | |
Stanley M Grossman President/secretary | 2 | $0 | |
Nancy Grossman Vice Pres/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,897 |
| Capital Gain Net Income | $55,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,346 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,781 |
| Total operating and administrative expenses | $5,127 |
| Contributions, gifts, grants paid | $110,429 |
| Total expenses and disbursements | $115,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,179 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $282,968 |
| 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, Stanley And Nancy Grossman Family Foundation has awarded $110,429 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: DONATION TO HELP SUPPORT EDUCATION | $25,000 |
TRUSTEES OF PENN PURPOSE: DONATION TO HELP SUPPORT EDUCATION | $25,000 |
Scottsdale, AZ PURPOSE: DONATION TO SUPPORT THE JEWISH LEARNING PROGRAMS. | $13,500 |
New York, NY PURPOSE: DONATION TO SUPPORT THE ARTS AND MUSIC. | $10,000 |
NEW VISION PUBLIC SCHOOL PURPOSE: DONATION TO SUPPORT SCHOLARSHIPS AND EDUCATION | $6,000 |
THE METROPOLITAN OPERA PURPOSE: DONATION TO HELP SUPPORT THE ARTS AND PERFORMANCES. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |