Reuben And Lizzie Grossmanfoundation Inc
- Assets
- $963.0k
- Revenue
- $129.8k
- Investments
- $903.6k
- Employees
- 0
- Location
- Rockport, MA
- Founding
- 04/2006
- Data as of
- 03/2024
- EIN
- 20-3918661
Organization Overview
Reuben And Lizzie Grossmanfoundation Inc is located in Rockport, MA. The organization was established in 2006. 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. Reuben And Lizzie Grossmanfoundation 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 03/2024, Reuben And Lizzie Grossmanfoundation Inc generated $129.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $149.1k during the year ending 03/2024. While expenses have increased by 1.7% per year over the past 7 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 2017, Reuben And Lizzie Grossmanfoundation Inc has awarded 375 individual grants totaling $692,210. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Grossman President | 1 | $0 | |
Thomas S Grossman Treasurer & Clerk | 3.5 | $16,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,334 |
| Dividends & Interest | $34,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,549 |
| Capital Gain Net Income | $82,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,579 |
| Other employee salaries and wages | $18,960 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,955 |
| Total operating and administrative expenses | $61,534 |
| Contributions, gifts, grants paid | $87,521 |
| Total expenses and disbursements | $149,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,163 |
| Savings and temporary cash investments | $51,202 |
| 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 | $962,959 |
| 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 | $1,626 |
| Total liabilities | $1,626 |
Grants Awarded
Over the last fiscal year, Reuben And Lizzie Grossmanfoundation Inc has awarded $87,521 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP WILLIAMS HIGH SCHOOL PURPOSE: TO SUPPORT THE CHARITABLE ORGANIZATION'S EDUCATIONAL MISSION | $1,500 |
COLBY COLLEGE PURPOSE: TO SUPPORT THE EDUCATIONAL ORGANIZATION'S MISSION | $422 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: TO SUPPORT THE CHARITABLE ORGANIZATION'S EDUCATIONAL MISSION | $10,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: TO SUPPORT THE CHARITABLE ORGANIZATION'S MISSION | $20,000 |
COMMITTEE FOR ACCURACY IN MIDDLE EAST REPORTING (CAMERA) PURPOSE: TO SUPPORT THE CHARITABLE ORGANIZATION'S EDUCATIONAL MISSION | $100 |
HEBREW SENIOR LIFE PURPOSE: TO SUPPORT THE CHARITABLE ORGANIZATION'S MISSION | $2,000 |