The Griffin Foundation Inc
- Assets
- $319.5k
- Revenue
- $151.2k
- Investments
- $157.3k
- Employees
- 0
- Location
- Timnath, CO
- Founding
- 10/1991
- Data as of
- 12/2018
- EIN
- 84-1171483
Organization Overview
The Griffin Foundation Inc is located in Timnath, CO. The organization was established in 1991. 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.
For the year ending 12/2018, Griffin Foundation Inc generated $151.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $317.5k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Wood Chairman/president | 30 | $80,000 | |
Margaret Rizley Vice Chairman/vice Preside | 0.25 | $5,000 | |
Carol Wood Secretary/treasurer | 15 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,841 |
| Dividends & Interest | $6,019 |
| Net Rental Income | $21,165 |
| Net Gain on Sale of Assets | $95,977 |
| Capital Gain Net Income | $95,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,618 |
| Depreciation | $3,609 |
| Occupancy | $9,116 |
| Travel, conferences, and meetings | $3,136 |
| Printing and publications | $0 |
| Other expenses | $31,606 |
| Total operating and administrative expenses | $181,691 |
| Contributions, gifts, grants paid | $135,845 |
| Total expenses and disbursements | $317,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,867 |
| Savings and temporary cash investments | $16,312 |
| 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 | $115,019 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $319,508 |
| Accounts payable and accrued expenses | $27 |
| 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 | $546 |
| Total liabilities | $573 |
Grants Awarded
Over the last fiscal year, The Griffin Foundation Inc has awarded $135,845 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
3HOPEFUL HEARTS PURPOSE: GENERAL SUPPORT | $500 |
CARTER BAXTER PURPOSE: SCHOLARSHIP | $10,000 |
BOYS AND GIRLS CLUB OF LARIMER COUNTY PURPOSE: GENERAL SUPPORT | $1,000 |
CHILDREN'S SPEECH AND READING CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
COLORADO STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $4,845 |
DISABLED RESOURCE SERVICES PURPOSE: GENERAL SUPPORT | $500 |