Dr Richard Grossman Community Foundation

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.

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)Compensation
Roxanna Morton
Treasurer
$0
Elizabeth Rice Grossman
President
$0
Kris Postil
Director
$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

Grants Awarded

Over the last fiscal year, Dr Richard Grossman Community Foundation has awarded $350,000 in support to 2 organizations.

Grant RecipientAmount

VENTURA COUNTY SHERIFF'S FOUNDATION

Org PageRecipient Profile

Camarillo, CA

PURPOSE: PUBLIC SUPPORT

$250,000

HOSPICE OF THE CONJEO

Org PageRecipient Profile

Thousand Oaks, CA

PURPOSE: PUBLIC SUPPORT

$100,000
View Grant Profile

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