Grizzard Family Foundation Inc
- Assets
- $4.5m
- Revenue
- $310.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Stone Mountain, GA
- Founding
- 10/2000
- Data as of
- 07/2024
- EIN
- 31-1732808
Organization Overview
Grizzard Family Foundation Inc is located in Stone Mountain, GA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Grizzard Family Foundation Inc 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 07/2024, Grizzard Family Foundation Inc generated $310.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $510.1k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grizzard Family Foundation Inc has awarded 116 individual grants totaling $23,517,634. 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 |
|---|---|---|---|
Claude H Grizzard Sr Trustee | 0 | $0 | |
Elizabeth W Grizzard Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30 |
| Interest on Savings | $157,406 |
| Dividends & Interest | $24,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,008 |
| Capital Gain Net Income | $82,008 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,964 |
| Total Revenue | $310,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $14,012 |
| Contributions, gifts, grants paid | $496,106 |
| Total expenses and disbursements | $510,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $159,996 |
| 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 | $1,113,341 |
| Investments—other | $128,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,516 |
| Total assets | $4,545,555 |
| 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, Grizzard Family Foundation Inc has awarded $496,106 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION OF HOPE BOLIVIA PURPOSE: GENERAL | $50,000 |
TURNING POINT PURPOSE: GENERAL | $100,000 |
YOUNG LIFE PURPOSE: GENERAL | $97,106 |
UNITED METHODIST CAMP RETREAT MINISTRY PURPOSE: GENERAL | $40,000 |
BOYS & GIRLS CLUB OF NORTH CENTRAL GEORGIA PURPOSE: GENERAL | $24,000 |
MURPHY-HARPST PURPOSE: GENERAL | $10,000 |