Grassy Creek Foundation
- Assets
- $19.5m
- Revenue
- -$1.5m
- Investments
- $13.3m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-6614724
Organization Overview
Grassy Creek Foundation is located in Jacksonville, FL. The organization was established in 2012. 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. Grassy Creek Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Grassy Creek Foundation has awarded 75 individual grants totaling $5,858,185. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO ATTENDING NASCO CONFERENCE, SUPPORTING WILD SALMON CONSERVATION EFFORTS AND ASSISTING IN STARTING A GLOBAL AQUACULTURE CAMPAIGN.
EXPENSES RELATED TO SUPPORTING AND PARTICIPATING IN MARINE DEBRIS CLEAN UP EVENTS IN FLORIDA AND THE BAHAMAS.
EXPENSES RELATED TO SUPPORTING THE HONORS CAROLINA CAREER SERVICES OFFICE AT UNC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Huschle Trustee | 20 | $50,000 | |
Chad R Pike Trustee | 1 | $0 | |
Alan Pike Trustee | 1 | $0 | |
Kateryna Rakowsky Executive Director | 40 | $250,196 | |
Lisa N Rauck VP Of Finance And Programming | 40 | $125,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $291,784 |
| Dividends & Interest | $563,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,350,215 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,494,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $425,431 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,281 |
| Interest | $0 |
| Taxes | $12,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,542 |
| Printing and publications | $0 |
| Other expenses | $27,948 |
| Total operating and administrative expenses | $553,828 |
| Contributions, gifts, grants paid | $1,187,904 |
| Total expenses and disbursements | $1,741,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,130,757 |
| 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 | $8,369,079 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,469,766 |
| 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 | $137 |
| Total liabilities | $137 |
Grants Awarded
Over the last fiscal year, Grassy Creek Foundation has awarded $1,187,904 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC SALMON FEDERATION (ASF) PURPOSE: GREENLAND PROGRAMMING | $15,000 |
BONEFISH & TARPON TRUST (BTT) PURPOSE: BAHAMAS MANGROVE PROJECT | $10,000 |
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA PURPOSE: FBO NASF | $102,000 |
GD RADIO PURPOSE: GLOBAL OUTREACH PROGRAM | $5,000 |
KBUT RADIO PURPOSE: WINTER PLEDGE DRIVE | $5,000 |
OCEANAID360 PURPOSE: MARINE DEBRIS CLEAN UP EVENTS IN FLORIDA AND THE BAHAMAS | $170,186 |