Grubb Preservation Foundation
- Assets
- $4.6m
- Revenue
- $183.2k
- Investments
- $0.0
- Employees
- 0
- Location
- WinstonSalem, NC
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-1807727
Organization Overview
Grubb Preservation Foundation is located in WinstonSalem, NC. The organization was established in 2005. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Grubb Preservation 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, Grubb Preservation Foundation generated $183.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.7% each year . All expenses for the organization totaled $11.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST INCURRED TO MAINTAIN THE UNDEVELOPED LAND THAT THE ORGANIZATION IS HOLDING FOR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Clay Grubb Director, President | 0 | $0 | |
George T Grubb Director, VP | 0 | $0 | |
R Gordon Grubb Director, VP | 0 | $0 | |
Stephanie West Executive Director,sec.& Trea. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,246 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,132 |
| Total operating and administrative expenses | $11,141 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,467 |
| Savings and temporary cash investments | $164,072 |
| 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 | $4,418,575 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,591,114 |
| 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 |
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