Groves Family Foundation Inc
- Assets
- $772.8k
- Revenue
- $108.8k
- Investments
- $755.3k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 81-3577428
Organization Overview
Groves Family Foundation Inc is located in Coral Gables, FL. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Groves Family Foundation Inc 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 12/2021, Groves Family Foundation Inc generated $108.8k 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 (34.0%) each year. All expenses for the organization totaled $76.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Groves Family Foundation Inc has awarded 45 individual grants totaling $220,000. 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 |
|---|---|---|---|
Graham Groves President/tr | 0 | $0 | |
Gene Graves Vice Preside | 0 | $0 | |
Margaret M Groves Director Sec | 0 | $0 | |
Gayle Groves Campbell Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $824 |
| Interest on Savings | $1 |
| Dividends & Interest | $23,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,402 |
| Capital Gain Net Income | $518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $108,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $456 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $650 |
| Total operating and administrative expenses | $11,568 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $76,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,528 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $772,838 |
| 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, Groves Family Foundation Inc has awarded $65,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Lauderdale, FL PURPOSE: SCHOLARSHIP | $5,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
New York, NY PURPOSE: SCHOLARSHIP | $5,000 |
Little Rock, AR PURPOSE: SCHOLARSHIP | $5,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
UNIVERSITY OF THE WEST INDIES PURPOSE: SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |
The Leandro P Rizzuto Foundation Boynton Beach, FL | $36,759,005 | $9,755,939 |
Bluebell Foundation North Palm Beach, FL | $4,746,797 | $3,595,291 |