Granite Bench Charitable Foundation
- Assets
- $1.2m
- Revenue
- $43.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2012
- Data as of
- 12/2021
- 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 12/2021, Granite Bench Charitable Foundation generated $43.7k 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 (6.6%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Granite Bench Charitable Foundation has awarded 25 individual grants totaling $232,000. 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 | $23,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,741 |
| Capital Gain Net Income | $19,741 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $20,791 |
| Contributions, gifts, grants paid | $47,000 |
| Total expenses and disbursements | $67,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609 |
| Savings and temporary cash investments | $13,363 |
| 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 | $1,138,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,152,330 |
| 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 $47,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NH PURPOSE: UNRESTRICTED GENERAL | $10,000 |
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 |
FAMILIES IN TRANSITION PURPOSE: UNRESTRICTED GENERAL | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Television Bureau Of Advertising Inc New York, NY | $8,780,795 | $8,682,218 |
Alliance Of Resident Theatres New York Inc New York, NY | $28,269,897 | $3,646,469 |
Opportunity Agenda Inc New York, NY | $12,042,303 | $10,913,662 |
Printing Industries Of America Inc Warrendale, PA | $0 | $745,523 |
Femm Foundation New York, NY | $172,409 | $928,497 |
Mr Mo Project Senior Dog Rescue Inc Clifton Park, NY | $93,771 | $728,130 |
Fifty Shades Of Purple Against Bullying Philadelphia, PA | $2,153 | $331,995 |
South Jersey Cultural Alliance Inc Galloway, NJ | $256,942 | $437,074 |
New Jersey Cable Television Association Trenton, NJ | $458,337 | $173,800 |
Ypo Inc Wilmington, DE | $707,212 | $452,206 |
Hopewell Valley Arts Council Inc Hopewell, NJ | $7,007 | $0 |
Athletes For Israel Inc New York, NY | $108,170 | $49,947 |