Rodney Grimm Family Foundation
- Assets
- $354.7k
- Revenue
- $123.4k
- Investments
- $330.5k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 08/2001
- Data as of
- 06/2023
- EIN
- 77-0572545
Organization Overview
Rodney Grimm Family Foundation is located in Bakersfield, CA. The organization was established in 2001. 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. Rodney Grimm Family 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, Rodney Grimm Family Foundation generated $123.4k 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 (14.9%) each year. All expenses for the organization totaled $349.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rodney Grimm Family Foundation has awarded 13 individual grants totaling $7,274,965. 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 |
|---|---|---|---|
Barbara Grimm-Marshall President | 0.5 | $0 | |
Catherine E Card Cfo/secretary | 0.5 | $0 | |
Melissa Grimm Director | 0.25 | $0 | |
Catherine Grimm Gardiner Director | 0.25 | $0 | |
Bryan Grimm Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,124 |
| Capital Gain Net Income | $110,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,589 |
| Total Revenue | $123,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123 |
| Total operating and administrative expenses | $48,963 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $348,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,242 |
| Savings and temporary cash investments | $8,004 |
| 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 | $330,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $354,730 |
| 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 | $3,417 |
| Total liabilities | $3,417 |
Grants Awarded
Over the last fiscal year, Rodney Grimm Family Foundation has awarded $2,169,612 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAL POLYTECHNIC STATE UNIV FOUNDATION PURPOSE: TO ADVANCE THE GENERAL MISSION. | $625,000 |
CAL STATE BAKERSFIELD FOUNDATION PURPOSE: TO ADVANCE THE GENERAL MISSION. | $750,000 |
GRIMM FAMILY EDUCATION FOUNDATION PURPOSE: TO ADVANCE THE GENERAL MISSION. | $794,612 |