Grs Foundation
- Assets
- $6.6m
- Revenue
- $539.8k
- Investments
- $6.5m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 48-1125883
Organization Overview
Grs Foundation is located in Wichita, KS. The organization was established in 1993. 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. Grs 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, Grs Foundation generated $539.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $353.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grs Foundation has awarded 264 individual grants totaling $2,490,246. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,026 |
| Dividends & Interest | $166,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $371,976 |
| Capital Gain Net Income | $371,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $539,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,937 |
| Taxes | $1,842 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,668 |
| Total operating and administrative expenses | $22,447 |
| Contributions, gifts, grants paid | $330,700 |
| Total expenses and disbursements | $353,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,061 |
| Savings and temporary cash investments | $25,243 |
| 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 | $6,539,959 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,638,263 |
| 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, Grs Foundation has awarded $330,700 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
917 SOCIETY PURPOSE: OPERATING FUND FOR EDUCATIONAL ORGANIZATION | $4,000 |
ANGEL FLIGHT CENTRAL INC PURPOSE: OPERATING FUND FOR MEDICAL CHARITY | $5,000 |
ANGEL FLIGHT WEST INC PURPOSE: OPERATING FUND FOR MEDICAL ORGANIZATION | $5,000 |
AUDUBON OF KANSAS PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $3,200 |
AUDUBON ROCKIES PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $1,000 |
AUSTIN CAMERATA PURPOSE: OPERATING FUND FOR OTHER PUBLIC CHARITY | $12,501 |