Gray Family Foundation Of Dubois Pa
- Assets
- $1.0m
- Revenue
- $47.7k
- Investments
- $985.9k
- Employees
- 0
- Location
- Du Bois, PA
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 25-6311915
Organization Overview
Gray Family Foundation Of Dubois Pa is located in Du Bois, PA. The organization was established in 1989. 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. Gray Family Foundation Of Dubois PA 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 12/2023, Gray Family Foundation Of Dubois PA generated $47.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $46.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gray Family Foundation Of Dubois PA has awarded 112 individual grants totaling $232,860. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason S Gray Jr Trustee | 0.5 | $0 | |
Elizabeth Gray Trustee | 0.25 | $0 | |
Kathleen Gray Braun Trustee | 0.25 | $0 | |
Stephen S Gray Trustee | 0.25 | $0 | |
First Commonwealth Bank Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,441 |
| Dividends & Interest | $18,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,759 |
| Capital Gain Net Income | $26,759 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $8,678 |
| Contributions, gifts, grants paid | $37,585 |
| Total expenses and disbursements | $46,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,291 |
| 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 | $165,899 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,034,190 |
| 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, Gray Family Foundation Of Dubois Pa has awarded $36,585 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: GRANT FOR PROMOTION OF PREGNANCY COUNSELING SVCS | $4,000 |
CLARION UNIVERSITY PURPOSE: 2023 MEMORIAL GRANT | $500 |
CORNELL UNIVERSITY PURPOSE: 2023 MEMORIAL GRANT | $500 |
DUBOIS AREA CATHOLIC SCHOOLS PURPOSE: GRANT IN SUPPORT OF THE DCC FUND | $2,000 |
DUBOIS AREA UNITED WAY PURPOSE: 2023 LEADERSHIP GRANT | $6,000 |
DUBOIS AREA YMCA PURPOSE: GRANT IN SUPPORT OF THE ANNUAL APPEAL | $1,000 |