Louis Henry Gross Sponsorship Foundation
- Assets
- $4.5m
- Revenue
- $214.4k
- Investments
- $4.4m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 27-6037438
Organization Overview
Louis Henry Gross Sponsorship Foundation is located in Amherst, NY. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis Henry Gross Sponsorship 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, Louis Henry Gross Sponsorship Foundation generated $214.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $266.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis Henry Gross Sponsorship Foundation has awarded 127 individual grants totaling $1,355,300. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,672 |
| Capital Gain Net Income | $117,672 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,511 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $62,931 |
| Contributions, gifts, grants paid | $203,500 |
| Total expenses and disbursements | $266,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,520 |
| Savings and temporary cash investments | $79,790 |
| 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 | $4,491,014 |
| 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, Louis Henry Gross Sponsorship Foundation has awarded $203,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP | $15,000 |
RUSSELL SAGE COLLEGE PURPOSE: SCHOLARSHIP | $14,000 |
UNIVERSITY AT BUFFALO PURPOSE: SCHOLARSHIP | $9,000 |
UNIVERSITY AT ALBANY PURPOSE: SCHOLARSHIP | $32,000 |
SUNY OSWEGO COLLEGE PURPOSE: SCHOLARSHIP | $9,000 |
HUDSON VALLEY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $10,000 |