Gryd Foundation
- Assets
- $113.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Glendale, CA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-4927250
Organization Overview
Gryd Foundation is located in Glendale, CA. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Gryd Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gryd 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, Gryd Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GRYD FOUNDATION BELIEVES THAT EVERY YOUTH, REGARDLESS OF RACE, GENDER, OR GEOGRAPHY, SHOULD HAVE THE RESOURCES, OPPORTUNITIES, AND SYSTEMS TO GROW UP AND TO LEAD HEALTHY, FULFILLING LIVES. OUR MISSION IS TO CREATE A SAFER, HEALTHIER LOS ANGELES WITH A FOCUS ON HISTORICALLY MARGINALIZED COMMUNITIES THAT HAVE BEEN HEAVILY IMPACTED BY GANG VIOLENCE AND THAT OFTEN LACK RESOURCES DUE TO RACIAL AND SOCIOECONOMIC INEQUITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM: IN 2022 THE GRYD FOUNDATION AND MAYOR'S GRYD OFFICE CONTINUED TO MODIFY SUMMER NIGHT LIGHTS (SNL) AND FALL FRIDAY NIGHTS (FFN) PROGRAMMING TO COMPLY WITH COVID-19 PUBLIC HEALTH GUIDELINES WHILE RESPONDING TO THE RELATED ECONOMIC CRISIS. BECAUSE FAMILIES RELY ON GRYD FOR MEALS, FOR VIOLENCE PREVENTION ACTIVITIES, AND FOR SUMMER WORK AND THE SNL WORK EXPERIENCE, WE SET OUT TO OFFER THREE CORE SERVICES DURING SUMMER NIGHT LIGHTS 2022 AND INTO THE FALL, PLUS A YOUTH HIRING COMPONENT: DISTRIBUTION OF GRAB-AND-GO BAGS FILLED WITH FOOD STAPLES AND PRODUCE TO PROMOTE HEALTHY NUTRITION AND ASSIST FAMILIES FACING FOOD INSECURITYDUE TO COVID-19 AND ECONOMIC CRISIS SPORTS PICK-UP GAMES TWICE PER WEEK ACROSS ALL SITES ONLINE AND ON-SITE COMMUNITY ENGAGEMENT WORKSHOPS INCLUDING ARTS, CULINARY, WELLNESS, FITNESS, AND EDUCATIONAL SKILLS CLASSES 19 YOUTH WORKERS WERE HIRED BY THE GRYD FOUNDATION TO HELP IMPLEMENT THE ABOVE-NOTED CORE PROGRAMMING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Newsom Executive Director | Officer | 40 | $87,526 |
Jada Curtis Board Chair | OfficerTrustee | 2 | $0 |
Henry Whitehead Chief Financial Officer | OfficerTrustee | 1 | $0 |
David Stoops Secretary | OfficerTrustee | 1 | $0 |
Natalie DO Board Member | Trustee | 1 | $0 |
Riley Perez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $876,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,076,019 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,588 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,526 |
| Compensation of current officers, directors, key employees. | $4,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,982 |
| Payroll taxes | $38,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,253 |
| Advertising and promotion | $3,912 |
| Office expenses | $24,310 |
| Information technology | $8,879 |
| Royalties | $0 |
| Occupancy | $81,531 |
| Travel | $3,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,067 |
| Insurance | $20,702 |
| All other expenses | $533,710 |
| Total functional expenses | $1,554,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,337 |
| Net Land, buildings, and equipment | $11,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $113,422 |
| Accounts payable and accrued expenses | $2,452 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,452 |
| Net assets without donor restrictions | $15,170 |
| Net assets with donor restrictions | $95,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,422 |
Grants Awarded
Over the last fiscal year, Gryd Foundation has awarded $9,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLOURISH FOREVER PURPOSE: TO SUPPORT THE MFLA | $5,000 |
HEALING URBAN BARRIOS PURPOSE: TO SUPPORT GANG REDUCTION AND YOUTH DEVELOPMENT. | $4,400 |