Gray Foundation Inc
- Assets
- $35.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Old Lyme, CT
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-8823263
Organization Overview
Gray Foundation Inc is located in Old Lyme, CT. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gray 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 12/2021, Gray Foundation Inc generated $99.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $80.3k during the year ending 12/2021. While expenses have increased by 23.9% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris G Sharnick Chairwoman | 4 | $0 | |
Maura Gray Co-Chairwoman | 4 | $0 | |
Kaela Milewski Secretary | 4 | $0 | |
Brian Gray Treasurer | 4 | $0 | |
Kathleen Lynch Vice Chairwoman | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,567 |
| Total Program Service Revenue | $92,619 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $144 |
| Other Revenue | $0 |
| Total Revenue | $99,340 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,990 |
| Occupancy, rent, utilities, and maintenance | $670 |
| Printing, publications, postage, and shipping | $174 |
| Other expenses | $75,752 |
| Total expenses | $80,341 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,549 |
| Other assets | $0 |
| Total assets | $35,935 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |