The@thomas And Tracey Gravina Foundation
- Assets
- $5.7m
- Revenue
- $516.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Haverford, PA
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 38-7118714
Organization Overview
The@thomas And Tracey Gravina Foundation is located in Haverford, PA. The organization was established in 2014. 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. The@thomas And Tracey Gravina 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, The@thomas And Tracey Gravina Foundation generated $516.5k 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 (4.7%) each year. All expenses for the organization totaled $759.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, The@thomas And Tracey Gravina Foundation has awarded 123 individual grants totaling $2,483,627. 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 |
|---|---|---|---|
Thomas Gravina Trustee | 1 | $0 | |
Tracey Gravina Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,061 |
| Dividends & Interest | $93,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $300,944 |
| Capital Gain Net Income | $300,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,995 |
| Total Revenue | $516,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,000 |
| Printing and publications | $0 |
| Other expenses | $55,241 |
| Total operating and administrative expenses | $212,475 |
| Contributions, gifts, grants paid | $546,500 |
| Total expenses and disbursements | $758,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,741 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $10,000 |
| 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 | $5,707,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,730,267 |
| 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, The@thomas And Tracey Gravina Foundation has awarded $546,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
COBBS CREEK FOUNDATION PURPOSE: CHARITABLE | $30,000 |
PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE PURPOSE: MEDICAL | $5,000 |
FRIENDS OF COMPASS PURPOSE: CHARITABLE | $1,000 |
SOUTHSIDE FAMILY NURTURING CENTER PURPOSE: CHARITABLE | $25,000 |
THE CAT COLLABORATIVE PURPOSE: CHARITABLE | $5,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: CHARITABLE | $100,000 |