Grimes Family Foundation
- Assets
- $3.1m
- Revenue
- $36.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- La Grange Park, IL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 36-7166131
Organization Overview
Grimes Family Foundation is located in La Grange Park, IL. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Grimes Family 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, Grimes Family Foundation generated $36.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $222.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grimes Family Foundation has awarded 138 individual grants totaling $685,770. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David N Grimes Director/ Pres. | 1 | $0 | |
Jeffrey S Grimes Director/ Treas. | 1 | $0 | |
Mark S Grimes Director | 1 | $0 | |
Brian D Grimes Director | 1 | $0 | |
Stephen P Grimes Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,975 |
| Dividends & Interest | $32,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35 |
| Capital Gain Net Income | $35 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,770 |
| Total operating and administrative expenses | $37,910 |
| Contributions, gifts, grants paid | $185,020 |
| Total expenses and disbursements | $222,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,906 |
| 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 | $84,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,120,611 |
| 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, Grimes Family Foundation has awarded $185,020 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
STS PETER AND PAUL CATHOLIC PARISH PURPOSE: GENERAL | $17,000 |
NICHOLAS D SERGI FOUNDATION PURPOSE: GENERAL | $500 |
BENET ACADEMY PURPOSE: GENERAL | $124,500 |
EVANS SCHOLARS FOUNDATION PURPOSE: GENERAL | $3,700 |
FLUFFS & SCRUFFS A DOG RESCUE PURPOSE: GENERAL | $2,550 |
BENET ACADEMY LIBRARY PURPOSE: GENERAL | $5,000 |