Tessie Grosby Charitable Foundation

Organization Overview

Tessie Grosby Charitable Foundation is located in Palatine, IL. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tessie Grosby 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, Tessie Grosby Charitable Foundation generated $7.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $17.1k during the year ending 12/2022. While expenses have increased by 15.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Maurice Grosby
Trustee
$0
Marilyn Goldberg Cohen
Trustee
$0
Jennifer Spethmann
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2
Dividends & Interest $13,809
Net Rental Income$0
Net Gain on Sale of Assets -$8,305
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,400
Total Revenue $7,906

Grants Awarded

Over the last fiscal year, Tessie Grosby Charitable Foundation has awarded $15,028 in support to 11 organizations.

Grant RecipientAmount

NATIONAL MS SOCIETY

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$212

CONGREGATION OR SHALOM

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$500

JEWISH UNITED FUND

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$5,331

FLORIDA SHERIFFS YOUTH RANCHES

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$200

GIVE KIDS THE WORLD VILLAGE

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$2,035

PALATINE OPPORTUNITY CENTER

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$4,000
View Grant Profile

Peer Organizations

Organization NameAssets
Crossroads Fund
Chicago, IL
$8,800,082
The Burke Foundation Inc
Milwaukee, WI
$1,947,580
Vine And Branches Foundation Inc
Brookfield, WI
$2,521,561
Association Of State Floodplain Managers Inc
Madison, WI
$4,522,604
The Lifespace Foundation
West Des Moines, IA
$3,684,311
Galesburg Community Foundation
Galesburg, IL
$13,597,781
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg
Chicago, IL
$100,169
Peter And Paula Fasseas Foundation
Chicago, IL
$8,283,085
Athene Charitable Foundation
West Des Moines, IA
$4,083,868
Bellin Health Foundation Inc
Green Bay, WI
$3,679,671
Dismas Charities Properties Inc
Louisville, KY
$7,974,962
Iba Foundation Inc
Indianapolis, IN
$2,809,142
Hope Haven Support Foundation
Rock Valley, IA
$2,589,001
Diamond Derby Inc
Louisville, KY
$2,375,598
Ozarks Technical Community College Foundation
Springfield, MO
$4,000,909
Butler Family Foundation
Dubuque, IA
$1,794,416
Bryan Cressey And Iliana Sweis Foundation
Chicago, IL
$204,331
Stephenson Family Foundation
Schaumburg, IL
$1,858,000
Jnt Foundation
Chicago, IL
$745,849
J H Harvey Trust
Saint Louis, MO
$992,162
The Biome Education Group
St Louis, MO
$1,393,940
Truenu
Bartlett, IL
$1,600,923
Urbana Parks Foundation
Urbana, IL
$594,172
Heart And Mind Foundation
Chicago, IL
$1,532,957
Northeastern Wisconsin Area Health Education Center Inc
Manitowoc, WI
$1,531,468

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