Keith R And Robin A Gray Foundation Inc
- Assets
- $1.4m
- Revenue
- $670.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-4088393
Organization Overview
Keith R And Robin A Gray Foundation Inc is located in Ardmore, OK. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keith R And Robin A Gray Foundation Inc 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 06/2023, Keith R And Robin A Gray Foundation Inc generated $670.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $131.4k during the year ending 06/2023. While expenses have increased by 13.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Keith R And Robin A Gray Foundation Inc has awarded 53 individual grants totaling $545,500. 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
ALL CHARITABLE EXPENDITURES ARE MADE DIRECTLY TO 501 (C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith R Gray Trustee | 0 | $0 | |
Robin A Gray Trustee | 0 | $0 | |
Travis Singleton Trustee | 0 | $0 | |
Larry Pulliam Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $423,992 |
| Interest on Savings | $1,327 |
| Dividends & Interest | $47,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $196,914 |
| Capital Gain Net Income | $196,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $670,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,433 |
| Contributions, gifts, grants paid | $122,000 |
| Total expenses and disbursements | $131,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,520 |
| Savings and temporary cash investments | $36,683 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,351,584 |
| 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, Keith R And Robin A Gray Foundation Inc has awarded $122,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES B GODDARD CENTER FOR VISUAL AND PERFORMING ARTS INC PURPOSE: CONTRIBUTION TO THE GENERAL FUND | $52,000 |
COMMUNITY YOUTH SERVICES OF SOUTHERN OKLAHOMA PURPOSE: GENERAL SUPPORT | $50,000 |
SARA'S PROJECT PURPOSE: CONTRIBUTIONS TO THE GENERAL FUND | $10,000 |
GODDARD YOUTH FOUNDATION PURPOSE: CONTRIBUTION TO THE GENERAL FUND | $10,000 |