Grundy Foundation
- Assets
- $33.5m
- Revenue
- $3.1m
- Investments
- $23.5m
- Employees
- 0
- Location
- Bristol, PA
- Founding
- 05/1963
- Data as of
- 12/2021
- EIN
- 23-1609243
Organization Overview
Grundy Foundation is located in Bristol, PA. The organization was established in 1963. 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. Grundy 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 12/2021, Grundy Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Grundy Foundation has awarded 113 individual grants totaling $1,622,418. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF LIBRARY AND MUSEUM
GRANTMAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Williams ESQ Executive Director | 40 | $185,000 | |
Phila Trust Co Co Michael Crofton Trustee | 0.5 | $98,767 | |
Dana Barber Library Director | 40 | $90,447 | |
Steven Vitarelli Technology Administr | 40 | $75,628 | |
Gretchen Stallone Community Services M | 40 | $64,523 | |
Kevin Farley Patron Services Mana | 40 | $58,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marquis Construction Services | 12/30/21 | $3,526,174 |
Carl J Nelson | 12/30/21 | $56,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,712 |
| Interest on Savings | $0 |
| Dividends & Interest | $787,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,236,928 |
| Capital Gain Net Income | $2,236,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,020 |
| Total Revenue | $3,058,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $403,791 |
| Other employee salaries and wages | $1,068,955 |
| Pension plans, employee benefits | $255,187 |
| Interest | $0 |
| Taxes | $171,911 |
| Depreciation | $0 |
| Occupancy | $191,047 |
| Travel, conferences, and meetings | $7,582 |
| Printing and publications | $0 |
| Other expenses | $4,039,543 |
| Total operating and administrative expenses | $6,161,209 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $6,277,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,629 |
| Savings and temporary cash investments | $6,141,095 |
| 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 | $3,770,317 |
| Other assets | $0 |
| Total assets | $33,533,317 |
| 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, Grundy Foundation has awarded $116,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Bristol, PA PURPOSE: 2020 MAIN STAGE SEASON | $90,000 |
BRISTOL BOROUGH SCHOOL DISTRICT PURPOSE: LNS SCHOLARSHIP; SUPPORT DRAMA CLUB | $11,000 |
Doylestown, PA PURPOSE: EMERGENCY NEEDS | $4,000 |
BRISTOL BOROUGH POLICE DEPARTMENT PURPOSE: DARE PROGRAM & SRO | $2,000 |
BRISTOL FIRE COMPANY STATION 51 PURPOSE: OPERATING SUPPORT | $2,000 |
Fairless Hills, PA PURPOSE: TRANSPORTATION SERVICES | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grundy Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Bucks County Conference & Visitors Bureau Inc Bensalem, PA PURPOSE: PROMOTE TOURISM - MARKETING | $10,000 |
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |