Graham Family Foundation
- Assets
- $5.2m
- Revenue
- $191.3k
- Investments
- $5.1m
- Employees
- 0
- Location
- Yreka, CA
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 46-0494927
Organization Overview
Graham Family Foundation is located in Yreka, CA. The organization was established in 2003. 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. Graham 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 12/2023, Graham Family Foundation generated $191.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (48.1%) each year. All expenses for the organization totaled $350.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Graham Family Foundation has awarded 191 individual grants totaling $1,075,729. 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
OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES, INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES AND QUALIFYING FOR EXEMPTION UNDER SECTION 501(C)(3) OF THE CODE AND NOT BEING A PRIVATE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Panossian Secretary | 3 | $16,000 | |
Leora Ragan President | 5 | $32,000 | |
Trevor Ragan Board Member | 5 | $16,000 | |
David Panossian Board Member | 5 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $71,818 |
| Dividends & Interest | $74,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,928 |
| Capital Gain Net Income | $16,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,706 |
| Total Revenue | $191,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12 |
| Taxes | $807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,102 |
| Total operating and administrative expenses | $117,302 |
| Contributions, gifts, grants paid | $233,107 |
| Total expenses and disbursements | $350,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,207 |
| Savings and temporary cash investments | $92,834 |
| 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 | $23,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,188,155 |
| Accounts payable and accrued expenses | $5,176 |
| 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 | $5,176 |
Grants Awarded
Over the last fiscal year, Graham Family Foundation has awarded $233,107 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST DEVELOPMENT RELIEF AGENCY PURPOSE: WORLD HUNGER/FIRE RELIEF | $11,000 |
ADVENTIST WORLD RADIO PURPOSE: RADIO GOSPEL OUTREACH | $1,000 |
ARMENIAN EYECARE PROJECT PURPOSE: EYECARE TO ARMENIANS | $2,000 |
ARMENIAN MISSIONARY ASSOC OF AMERI PURPOSE: WORLD MISSIONS | $2,000 |
BETTER LIFE TV PURPOSE: RADIO GOSPEL OUTREACH | $30,000 |
BENBROOK SEVENTH-DAY ADVENTIST CHUR PURPOSE: CHURCH BUILDING PROJECT | $4,000 |