Greathouse Family Foundation
- Assets
- $13.5m
- Revenue
- $1.4m
- Investments
- $13.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-2508106
Organization Overview
Greathouse Family Foundation is located in Los Altos, CA. The organization was established in 2015. 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. Greathouse 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, Greathouse Family Foundation generated $1.4m 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 (6.8%) each year. All expenses for the organization totaled $831.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Greathouse Family Foundation has awarded 110 individual grants totaling $2,999,213. 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
STANFORD UNIVERSITY
ACOUSTIC NEUROMA ASSOCIATION
LPFCH C/O JENNIFER NAECKER
SUTTER HEALTH PHILANTHROPY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Greathouse President | 10 | $0 | |
Kenneth Greathouse Secretary/trustee | 2 | $0 | |
Jeff Greathouse Exec Director | 20 | $114,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,011,665 |
| Interest on Savings | $0 |
| Dividends & Interest | $218,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $171,798 |
| Capital Gain Net Income | $171,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,401,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $1,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,476 |
| Total operating and administrative expenses | $172,495 |
| Contributions, gifts, grants paid | $659,000 |
| Total expenses and disbursements | $831,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,726 |
| Savings and temporary cash investments | $0 |
| 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 | $13,530,656 |
| 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, Greathouse Family Foundation has awarded $659,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACOUSTIC NEUROMA ASSOCIATION PURPOSE: UNRESTRICTED GRANT USED FOR GENERAL SUPPORT. | $100,000 |
KEATON'S CHILD CANCER ALLIANCE PURPOSE: UNRESTRICTED GRANT USED FOR GENERAL SUPPORT. | $5,000 |
LAMV COMMUNITY FOUNDATION PURPOSE: TO SUPPORT VARIOUS INITIATIVES | $10,000 |
LPFCH CO JENNIFER NAECKER PURPOSE: DR. CAMPEN - NF1 RESEARCH | $75,000 |
NF NORTHEAST PURPOSE: DONATION IN HONOR OF RILEY DONOVAN. | $3,000 |
SAFE REFUGE FOR CHILDREN AND FAMILY PURPOSE: TO SUPPORT ONGOINH PROPGRAMS | $4,000 |