Granite Gives Back Inc
- Assets
- $121.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-5148728
Organization Overview
Granite Gives Back Inc is located in Quincy, MA. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Granite Gives Back 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, Granite Gives Back Inc generated $120.9k 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 (3.8%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING ASSISTANCE AND VOLUNTEERING THE TIME AND EFFORT OF OUR TEAMMATES, FAMILY AND FRIENDS TO IMPACT THE LOCAL COMMUNITY.THE ORGANIZATION RECEIVED DONATED SERVICES TOTALING $53,278 FOR THE YEAR (NOT INCLUDED IN THE TOTAL EXPENSES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Hale Jr Chairman | 0.1 | $0 | |
Michael B Galvin ESQ Secretary | 0.1 | $0 | |
Robert M Schlakman Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,909 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,909 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,203 |
| Total expenses | $41,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,000 |
| Other assets | $0 |
| Total assets | $121,363 |
| Total liabilities | $0 |
| Net assets or fund balances | $121,363 |
Grants Awarded
Over the last fiscal year, Granite Gives Back Inc has awarded $62,070 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
North Attleboro, MA PURPOSE: GENERAL SUPPORT | $50,000 |
Quincy, MA PURPOSE: GENERAL SUPPORT | $7,000 |
Greenville, OH PURPOSE: GENERAL SUPPORT | $5,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Granite Gives Back Inc has recieved totaling $106.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |
Moodys Foundation New York, NY | $23,503,838 | $16,004,922 |