Grier Foundation
- Assets
- $49.8m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 190
- Location
- Tyrone, PA
- Founding
- 02/1960
- Data as of
- 06/2023
- EIN
- 23-1517016
Organization Overview
Grier Foundation is located in Tyrone, PA. The organization was established in 1960. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Grier Foundation employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grier 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 06/2023, Grier Foundation generated $9.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION, ROOM & BOARD AND ACTIVITIES FOR STUDENTS PRIMARILY IN 7TH THRU 12TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOOLING, ROOM, BOARD AND STUDENT ACTIVITIES FOR STUDENTS IN 7TH THRU 12TH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Administrator Administrator | Trustee | 40 | $146,192 |
Rosemary Brumley Birchard Trustee | Trustee | 1 | $0 |
Suzanne Castano-Foy Trustee | Trustee | 1 | $0 |
Jeannie Pascale Trustee | Trustee | 1 | $0 |
Patricia Mcneely Soechtig Trustee | Trustee | 1 | $0 |
Claire Poole Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $964,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $964,002 |
| Total Program Service Revenue | $8,347,396 |
| Investment income | $229,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,541,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $582,852 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,222,862 |
| Pension plan accruals and contributions | $314,818 |
| Other employee benefits | $601,586 |
| Payroll taxes | $463,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $208,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $452,003 |
| Travel | $80,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,026,552 |
| Insurance | $0 |
| All other expenses | $1,019,247 |
| Total functional expenses | $12,498,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,425 |
| Savings and temporary cash investments | $34,901,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,023 |
| Prepaid expenses and deferred charges | $74,025 |
| Net Land, buildings, and equipment | $13,724,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,143 |
| Total assets | $49,845,099 |
| Accounts payable and accrued expenses | $781,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,705,135 |
| Total liabilities | $3,486,448 |
| Net assets without donor restrictions | $43,484,578 |
| Net assets with donor restrictions | $2,874,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,845,099 |