Cleve Gray Foundation
- Assets
- $3.0m
- Revenue
- $21.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, CT
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 20-4701981
Organization Overview
Cleve Gray Foundation is located in Lakeville, CT. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cleve Gray 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 12/2022, Cleve Gray Foundation generated $21.3k in total revenue. All expenses for the organization totaled $94.7k during the year ending 12/2022. While expenses have increased by 76.6% per year over the past 8 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 2019, Cleve Gray Foundation has awarded 27 individual grants totaling $318,683. 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
STUDIO IN A SCHOOL SERVING 88 STUDENTS410 WEST 59TH STREETNEW YORK NY 10019
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Gray President | 1 | $0 | |
Thaddeus Gray Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,256 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $25,717 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,490 |
| Total operating and administrative expenses | $30,457 |
| Contributions, gifts, grants paid | $64,229 |
| Total expenses and disbursements | $94,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,304 |
| Savings and temporary cash investments | $0 |
| 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 | $2,965,570 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,024,874 |
| 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, Cleve Gray Foundation has awarded $64,229 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MURAL PROJECT PURPOSE: CHARITABLE - CASH CONTRIBUTION | $100 |
EAST SIDE HOUSE SETTLEMENT PURPOSE: CHARITABLE - CASH CONTRIBUTION | $10,000 |
NEUBERGER MUSEUM OF ART PURPOSE: CHARITABLE - CASH CONTRIBUTION | $1,000 |
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM PURPOSE: EDUCATIONAL - GIFTED 1 PIECE OF ARTWORK | $43 |
SKIDMORE COLLEGE PURPOSE: EDUCATIONAL - GIFTED 1 PIECE OF ARTWORK | $11,494 |
PRIME TIME HOUSE PURPOSE: CHARITABLE - CASH CONTRIBUTION | $500 |