Erica And Mark Groussman Foundation Inc
- Assets
- $0.0
- Revenue
- $660.0
- Investments
- $293.3k
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 02/2016
- Data as of
- 10/2020
- EIN
- 47-5620483
Organization Overview
Erica And Mark Groussman Foundation Inc is located in Miami Beach, FL. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Erica And Mark Groussman 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 10/2020, Erica And Mark Groussman Foundation Inc generated $660.0 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 (72.7%) each year. All expenses for the organization totaled $5.2k during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Erica And Mark Groussman Foundation Inc has awarded 42 individual grants totaling $300,938. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Groussman Secretary | 0 | $0 | |
Mark Groussman President | 0 | $0 | |
Andrea Groussman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $660 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $278 |
| Contributions, gifts, grants paid | $4,872 |
| Total expenses and disbursements | $5,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Erica And Mark Groussman Foundation Inc has awarded $4,872 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: UNRESTRICTED FOR PURPOSES OF ORGANIZATION | $3,657 |
Miami Beach, FL PURPOSE: UNRESTRICTED FOR PURPOSES OF ORGANIZATION | $750 |
Miami, FL PURPOSE: UNRESTRICTED FOR PURPOSES OF ORGANIZATION | $465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |
Boxton Cares Inc Crawfordville, FL | $317,182 | $816,667 |
Next Steps Employment Services Corp Sarasota, FL | $28,896 | $1,115,611 |