Granite Bench Charitable Foundation
- Assets
- $1.1m
- Revenue
- $39.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 30-0711684
Organization Overview
Granite Bench Charitable Foundation is located in Pennington, NJ. The organization was established in 2012. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granite Bench Charitable 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, Granite Bench Charitable Foundation generated $39.3k 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 (11.8%) each year. All expenses for the organization totaled $74.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Granite Bench Charitable Foundation has awarded 28 individual grants totaling $245,000. 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 |
|---|---|---|---|
Paul J Lelievre Trustee | 2 | $0 | |
Cynthia M Lelievre Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,336 |
| Capital Gain Net Income | $11,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,018 |
| Total Revenue | $39,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $14,788 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $74,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135 |
| Savings and temporary cash investments | $17,484 |
| 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 | $1,098,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,116,873 |
| 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, Granite Bench Charitable Foundation has awarded $60,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEW HAMPSHIRE FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $10,000 |
FAMILIES IN TRANSITION PURPOSE: UNRESTRICTED GENERAL | $5,000 |
HOME BASE - PARTNERS HEALTHCARE SYSTEM PURPOSE: UNRESTRICTED GENERAL | $10,000 |
DARTMOUTH-HITCHCOCK HEALTH PURPOSE: UNRESTRICTED GENERAL | $10,000 |
CURE ALZHEIMER'S FUND PURPOSE: UNRESTRICTED GENERAL | $10,000 |
CONCORD HOSPITAL TRUST PURPOSE: UNRESTRICTED GENERAL | $5,000 |