Graystone Society Inc
- Assets
- $3.0m
- Revenue
- $696.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Coatesville, PA
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 22-2601403
Organization Overview
Graystone Society Inc is located in Coatesville, PA. The organization was established in 1986. 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. Graystone Society 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, Graystone Society Inc generated $696.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $446.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
PRESERVATION OF HISTORIC STRUCTURES
COMMUNITY EVENTS
STEEL MUSEUM
FUNDRAISING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ziegler Exec Director | 30 | $45,000 | |
Scott Huston President | 10 | $0 | |
Albert Giannantonia Director | 1 | $0 | |
William Keen Secretary | 1 | $0 | |
Peter Nunn Treasurer | 5 | $0 | |
Gregory M Cary Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $601,141 |
| Interest on Savings | $196 |
| Dividends & Interest | $0 |
| 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 | $696,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,048 |
| Other employee salaries and wages | $105,665 |
| Pension plans, employee benefits | $0 |
| Interest | $6,405 |
| Taxes | $17,823 |
| Depreciation | $9,300 |
| Occupancy | $25,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $9,433 |
| Other expenses | $215,081 |
| Total operating and administrative expenses | $446,558 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $446,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,408 |
| 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 | $119,383 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,633 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,700,712 |
| Other assets | $0 |
| Total assets | $2,950,136 |
| Accounts payable and accrued expenses | $5,918 |
| Grants payable | $0 |
| Deferred revenue | $12,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $101,082 |
| Other liabilities | $25,806 |
| Total liabilities | $145,306 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Graystone Society Inc has recieved totaling $283,450.
| Awarding Organization | Amount |
|---|---|
Historic Huston Properties Coatesville, PA PURPOSE: VARIOUS | $283,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |