Guy Grove Family Foundation
- Assets
- $2.4m
- Revenue
- $468.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Stillwater, MN
- Founding
- 12/2003
- Data as of
- 06/2022
- 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 06/2022, Guy Grove Family Foundation generated $468.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $180.4k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 5 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 12 individual grants totaling $313,250. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410,021 |
| Capital Gain Net Income | $410,021 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $468,781 |
| 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 | $3,267 |
| Total operating and administrative expenses | $25,209 |
| Contributions, gifts, grants paid | $155,200 |
| Total expenses and disbursements | $180,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,951 |
| 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 | $2,379,581 |
| 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 $155,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NPH USA PURPOSE: SUPPORT ORPHANS | $50,000 |
TAPEMARK CHARITY PRO-AM PURPOSE: SUPPORT PEOPLE LIVING WITH DISABILITIES | $30,200 |
Memphis, TN PURPOSE: SUPPORT CHILDREN WITH ILLNESSES | $25,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: SUPPORT LIFE CHANGING CARE FOR CHILDREN | $25,000 |
Centerville, MN PURPOSE: SUPPORT CHURCH ACTIVITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
Forward Performing Arts Inc Madison, WI | $1,131,638 | $1,464,298 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
River City Rhythm Inc Cokato, MN | $72,423 | $389,521 |
728 Cadets Corp Elk River, MN | $24,135 | $224,040 |
Guy Grove Family Foundation Stillwater, MN | $2,379,581 | $468,781 |
Groove Inc Sioux Falls, SD | $145,359 | $0 |
Chops Inc Minneapolis, MN | $220,675 | $104,155 |
Milwaukee Jazz Institute Inc Milwaukee, WI | $43,077 | $0 |
Frankly Music Inc Milwaukee, WI | $72,587 | $0 |
Ames Town And Gown Chamber Music Association Ames, IA | $69,037 | $0 |
Madison Bach Musicians Inc Madison, WI | $113,105 | $0 |