De Groot Foundation
- Assets
- $1.5m
- Revenue
- $57.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sunny Isl Bch, FL
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 27-1061193
Organization Overview
De Groot Foundation is located in Sunny Isl Bch, FL. The organization was established in 2010. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. DE Groot 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 12/2022, DE Groot Foundation generated $57.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $141.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, DE Groot Foundation has awarded 54 individual grants totaling $973,241. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURAGE TO WRITE GRANTS SEVEN 7000 GRANTS AND 10 1500 GRANTS WERE MADE TO INDIVIDUALS TO SUPPORT WRITERS AND THE LITERARY ARTS THE GRANTEES ARE CHOSEN BY AN OUTSIDE INDEPENDENT SELECTION COMMITTEE
AMERICAN LIBRARY IN PARIS VISITING FELLOWSHIP AND WRITER IN RESIDENCE PROGRAM IT IS THE LARGEST ENGLISH LENDING LIBRARY ON THE EUROPEAN MAINLAND
UNIVERSITY OF NORTHERN COLORADO FOUNDATION THE FOUNDATION PROVIDES 600 SCHOLARSHIP FUNDS AND425 ENDOWED FUNDS FOR STUDENTS OF THE UNIVERSITY
EMPOWERS AFRICA EMPOWERS PROGRAMS IN THE AREAS OF HUMAN EMPOWERMENT WILDLIFE PROTECTION AND LAND CONSERVATION IN SUBSAHARAN AFRICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Degroot President | 4 | $0 | |
Clydette Degroot Sectreas | 4 | $0 | |
Aaron Degroot Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,689 |
| Interest on Savings | $1,479 |
| Dividends & Interest | $7,025 |
| 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 | $1,512 |
| Total Revenue | $57,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,661 |
| Total operating and administrative expenses | $17,790 |
| Contributions, gifts, grants paid | $123,701 |
| Total expenses and disbursements | $141,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,532 |
| Savings and temporary cash investments | $447,066 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,480,100 |
| 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, De Groot Foundation has awarded $123,701 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COURAGE TO WRITE GRANTS PURPOSE: ENCOURAGE WRITERS AND LITERARY ARTS | $62,227 |
AMERICAN LIBRARY IN PARIS FOUNDATION PURPOSE: ITS TAXEXEMPT PURPOSE | $20,000 |
UNIVERSITY OF NORTHERN COLORADO FOUNDATION PURPOSE: ITS TAXEXEMPT PURPOSE | $10,000 |
EMPOWERS AFRICA PURPOSE: ITS TAXEXEMPT PURPOSE | $7,100 |
MIAMI DADE FOUNDATION PURPOSE: ITS TAXEXEMPT PURPOSE | $2,585 |
PEN PARENTIS PURPOSE: ITS TAXEXEMPT PURPOSE | $5,600 |