Dr Richard Grossman Community Foundation
- Assets
- $0.0
- Revenue
- $6.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kailua, HI
- Founding
- 10/2004
- Data as of
- 12/2019
- EIN
- 76-0740674
Organization Overview
Dr Richard Grossman Community Foundation is located in Kailua, HI. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Dr Richard Grossman Community 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 12/2019, Dr Richard Grossman Community Foundation generated $6.5k 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 (50.1%) each year. All expenses for the organization totaled $366.3k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr Richard Grossman Community Foundation has awarded 19 individual grants totaling $4,345,001. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE SHALL BE CHARITABLE IN NATURE AND SHALL BE TO INVEST IN LOCAL COMMUNITY GROUPS AND RESOURCES WHERE ITS FUNDS WILL HAVE THE GREATEST IMPACTS. REQUESTS FOR GRANTS WILL BE BY INVITATION ONLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FUNDED BY DR. RICHARD GROSSMAN COMMUNITY FOUNDATION INCLUDE: HOSPICE OF THE CONEJO AND THE VENTURA COUNTY SHERIFF'S FOUNDATION. AS OF 12/31/2019 THE ORGANIZATIONS HAS DISTRIBUTED ALL OF ITS ASSETS AND IS NOW FILING ITS FINAL TAX RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Postil Director | Trustee | 1 | $0 |
Elizabeth Rice Grossman President | OfficerTrustee | 3 | $0 |
Roxanna Morton Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $6,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,904 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,258 |
| All other expenses | $737 |
| Total functional expenses | $366,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Dr Richard Grossman Community Foundation has awarded $350,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPICE OF THE CONJEO PURPOSE: PUBLIC SUPPORT | $100,000 |
VENTURA COUNTY SHERIFF'S FOUNDATION PURPOSE: PUBLIC SUPPORT | $250,000 |