Mary K And Clifford Grum Foundation
- Assets
- $47.4m
- Revenue
- $2.2m
- Investments
- $36.0m
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 12/1994
- Data as of
- 06/2023
- EIN
- 75-6454067
Organization Overview
Mary K And Clifford Grum Foundation is located in Lufkin, TX. The organization was established in 1994. 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. Mary K And Clifford Grum 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 06/2023, Mary K And Clifford Grum Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 14.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary K And Clifford Grum Foundation has awarded 104 individual grants totaling $15,378,410. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford J Grum Co-Trustee | 1 | $0 | |
Mary K Grum Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $490 |
| Dividends & Interest | $1,123,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $495,114 |
| Capital Gain Net Income | $495,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,968 |
| Total Revenue | $2,181,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,177 |
| Total operating and administrative expenses | $195,247 |
| Contributions, gifts, grants paid | $2,869,500 |
| Total expenses and disbursements | $3,064,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,295,758 |
| 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 | $2,886,649 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,195 |
| Total assets | $47,374,367 |
| 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, Mary K And Clifford Grum Foundation has awarded $2,869,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATIONS | $330,000 |
MEDICAL BENEVOLENCE FOUNDATION PURPOSE: GENERAL OPERATIONS | $1,035,000 |
CHO YEH CAMP & CONFERENCE PURPOSE: GENERAL OPERATIONS | $350,000 |
HOPE WALKS PURPOSE: GENERAL OPERATIONS | $5,000 |
NEIGHBORHOOD STRONG PURPOSE: GENERAL OPERATIONS | $100,000 |
PRESBYTERIAN PAN AMERICAN SCHOOL PURPOSE: GENERAL OPERATIONS | $5,000 |