Louis M Groen Foundation
- Assets
- $17.3m
- Revenue
- $681.5k
- Investments
- $14.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 31-1802325
Organization Overview
Louis M Groen Foundation is located in Cincinnati, OH. The organization was established in 2002. 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. Louis M Groen 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 12/2023, Louis M Groen Foundation generated $681.5k 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 (19.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis M Groen Foundation has awarded 61 individual grants totaling $6,822,470. 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 |
|---|---|---|---|
Kevin Holmes Director | 1 | $1,424 | |
Edith Block Director | 1 | $45,117 | |
Richard Block Director | 1 | $1,862 | |
Robert T Cummings Director | 1 | $25,000 | |
James Smith Director | 1 | $0 | |
Brad Wilder Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindhorst And Dreidame | 12/30/19 | $53,045 |
Lindhorst And Dreidame | 12/30/19 | $0 |
Lindhorst And Dreidame | 12/30/19 | $0 |
Lindhorst And Dreidame | 12/30/19 | $43,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,660 |
| Dividends & Interest | $534,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,383 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,491 |
| Total Revenue | $681,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,403 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,117 |
| Depreciation | $17,125 |
| Occupancy | $430 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,966 |
| Total operating and administrative expenses | $342,007 |
| Contributions, gifts, grants paid | $1,256,867 |
| Total expenses and disbursements | $1,598,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,418,772 |
| 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 | $760,266 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $885,591 |
| Total assets | $17,332,872 |
| 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 M Groen Foundation has awarded $1,256,867 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: GENERAL SUPPORT/CHILDRENS WELFARE | $350,000 |
OTSEGO COUNTY PURPOSE: THIS GRANT WAS MADE TO MAINTAIN THE PRESERVE DONATED TO OTSEGO COUNTY BY THE LOUIS M. GROEN CHARITABLE TRUST AND THE 25 ACRES DONATED TO OTSEGO COUNTY BY THE LOUIS M. GROEN FOUNDATION. | $426,867 |
ELDER HIGH SCHOOL PURPOSE: GENERAL SUPPORT/EDUCATION | $100,000 |
COVINGTON CATHOLIC HIGH SCHOOL PURPOSE: GENERAL SUPPORT/EDUCATION | $10,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITA PURPOSE: GENERAL SUPPORT/CHILDRENS WELFARE | $25,000 |
FRIENDS OF CAMP LOUIS ERNST INC PURPOSE: GENERAL SUPPORT | $25,000 |