Gray Matters Charitable Foundation Inc
- Assets
- $5.1m
- Revenue
- $95.6k
- Investments
- $4.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 58-2147850
Organization Overview
Gray Matters Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gray Matters Charitable 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 12/2022, Gray Matters Charitable Foundation Inc generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gray Matters Charitable Foundation Inc has awarded 31 individual grants totaling $19,914,869. 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 |
|---|---|---|---|
Clay Reese Secretary | 0.1 | $0 | |
Laura W Putz Vice President | 0.1 | $0 | |
Jennifer F Soltis Vice President | 0.1 | $0 | |
Smita Sircar President, Director | 0.1 | $0 | |
Robert Pattillo Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $672 |
| Dividends & Interest | $14,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,939 |
| Capital Gain Net Income | $130,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,787 |
| Total Revenue | $95,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,112,227 |
| Total expenses and disbursements | $1,112,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,187 |
| 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 | $4,472,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,089 |
| Total assets | $5,143,664 |
| 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 | $364,905 |
| Total liabilities | $364,905 |
Grants Awarded
Over the last fiscal year, Gray Matters Charitable Foundation Inc has awarded $1,112,227 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST FOLLOWERS PURPOSE: TO FURTHER THE MISSION TO CREATE AN ACCELERATOR PLATFORM THAT ACCELERATES AND NURTURES FEMALE FIRST-TIME FUND MANAGERS IN S/SE ASIA | $15,000 |
GRAY MATTERS CAPITAL PURPOSE: SUPPORTING MISSION AND GENERAL FUND OF VARIOUS IMPACT INVESTMENTS | $1,097,227 |