Guy Grove Family Foundation
- Assets
- $7.8m
- Revenue
- $5.9m
- Investments
- $7.9m
- Employees
- 0
- Location
- Stillwater, MN
- Founding
- 12/2003
- Data as of
- 06/2023
- EIN
- 20-0197268
Organization Overview
Guy Grove Family Foundation is located in Stillwater, MN. The organization was established in 2003. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guy Grove 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 06/2023, Guy Grove Family Foundation generated $5.9m in total revenue. All expenses for the organization totaled $425.5k during the year ending 06/2023. While expenses have increased by 28.0% per year over the past 4 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 2021, Guy Grove Family Foundation has awarded 24 individual grants totaling $702,250. 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 |
|---|---|---|---|
Thomas A Grove President | 1 | $0 | |
David E Grove Vice-President | 0 | $0 | |
James B Grove Vice-President | 0 | $0 | |
Jacqueline Grove Vice-President | 0 | $0 | |
Amy E Grove Treas And Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,901,328 |
| Interest on Savings | $1,083 |
| Dividends & Interest | $117,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$139,356 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,880,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,146 |
| Total operating and administrative expenses | $36,467 |
| Contributions, gifts, grants paid | $389,000 |
| Total expenses and disbursements | $425,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$88,323 |
| 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 | $265,630 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,827,376 |
| 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, Guy Grove Family Foundation has awarded $389,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NPH USA PURPOSE: SUPPORT ORPHANS | $25,000 |
ST JUDE CHILDRENS RESEARCH PURPOSE: SUPPORT CHILDREN WITH ILLNESSES | $50,000 |
TAPEMARK CHARITY PRO-AM PURPOSE: SUPPORT PEOPLE LIVING WITH DISABILITIES | $15,500 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: SUPPORT LIFE CHANGING CARE FOR CHILDREN | $25,000 |
EAGLE BROOK CHURCH PURPOSE: SUPPORT CHURCH ACTIVITIES | $25,000 |
HOPECAM PURPOSE: SUPPORT CHILDREN WITH CANCER | $10,000 |