Three Graces Foundation Inc
- Assets
- $30.3m
- Revenue
- $3.2m
- Investments
- $30.2m
- Employees
- 0
- Location
- Fulton, MD
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-0472407
Organization Overview
Three Graces Foundation Inc is located in Fulton, MD. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Three Graces Foundation Inc 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 12/2023, Three Graces Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 13.5% 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.
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 |
|---|---|---|---|
Bruce Bainum Pres/chairman | 0.5 | $0 | |
Charlene Bainum Director/vp | 0.5 | $0 | |
Brian Bainum Director | 0.5 | $0 | |
Blake Bainum Director | 0.5 | $0 | |
Mary C Acker Sec/treasurer | 0.5 | $0 | |
Brooke Bainum Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $41,670 |
| Dividends & Interest | $352,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $764,602 |
| Capital Gain Net Income | $764,602 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$387 |
| Total Revenue | $3,158,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,890 |
| Total operating and administrative expenses | $69,558 |
| Contributions, gifts, grants paid | $3,488,787 |
| Total expenses and disbursements | $3,558,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,545 |
| 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 | $2,277,206 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,304,896 |
| Accounts payable and accrued expenses | $98,733 |
| 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 | $98,733 |
Grants Awarded
Over the last fiscal year, Three Graces Foundation Inc has awarded $3,500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLEAR FUND DBA GIVEWELL PURPOSE: MATERNAL SYPHILIS PROGRAM | $2,500,000 |
HELEN KELLER INTERNATIONAL PURPOSE: VITAMIN A PROGRAM | $1,000,000 |