Joy M And James Grodnick Charitable Foundation
- Assets
- $1.2m
- Revenue
- $95.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 63-0943264
Organization Overview
Joy M And James Grodnick Charitable Foundation is located in Mobile, AL. The organization was established in 1987. 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. Joy M And James Grodnick Charitable 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 12/2022, Joy M And James Grodnick Charitable Foundation generated $95.1k 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 (24.2%) each year. All expenses for the organization totaled $121.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joy M And James Grodnick Charitable Foundation has awarded 78 individual grants totaling $302,550. 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 |
|---|---|---|---|
Joy M Grodnick President | 1 | $0 | |
James M Grodnick Vice-Pres/secretary-Treasurer | 1 | $0 | |
Arlene Mitchell Director | 0.25 | $0 | |
Abby J Kennedy Director | 0.25 | $0 | |
Meryl G Fishman Director | 0.25 | $0 | |
Leah Oher Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $36,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,449 |
| Capital Gain Net Income | $58,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,275 |
| Contributions, gifts, grants paid | $104,200 |
| Total expenses and disbursements | $121,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,800 |
| 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 | $1,222,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,228,071 |
| 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, Joy M And James Grodnick Charitable Foundation has awarded $104,200 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTION ROCKS PURPOSE: CHARITABLE | $1,000 |
AIEF PURPOSE: EDUCATIONAL | $25,000 |
BIG BROTHER BIG SISTER PURPOSE: CHARITABLE | $500 |
CHILD ADVOCACY CENTER PURPOSE: CHARITABLE | $500 |
CONGREGATION AHAVAS PURPOSE: RELIGIOUS | $5,000 |
CRESCENT THEATER PURPOSE: CHARITABLE | $1,000 |