Grove Family Foundation
- Assets
- $1.8m
- Revenue
- $12.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-3919964
Organization Overview
Grove Family Foundation is located in Dallas, TX. 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. Grove 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 12/2022, Grove Family Foundation generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.2%) each year.
Since 2020, Grove Family Foundation has awarded 19 individual grants totaling $259,123. 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 |
|---|---|---|---|
Tobin C Grove Director | 5 | $0 | |
Dawn C Grove Director | 5 | $0 | |
John Warren Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $297 |
| Dividends & Interest | $29,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,416 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $12,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,213 |
| Contributions, gifts, grants paid | $52,000 |
| Total expenses and disbursements | $60,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,751,904 |
| 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 | $5,000 |
| Total assets | $1,756,904 |
| 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, Grove Family Foundation has awarded $52,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S AUXILIARY-CHILDREN'S MEDICAL CENTER PURPOSE: SUPPORT CHILDREN'S MEDICAL CENTER PROGRAMS | $500 |
DKMS PURPOSE: AWARDS BREAKFAST | $1,500 |
THE CRYSTAL CHARITY BALL PURPOSE: SUPPORT THE PROGRAMS HELPING THE CHILDREN OF DALLAS | $10,000 |
FC DALLAS FOUNDATION PURPOSE: GENERAL FUNDS | $25,000 |
YOUTH WITH A MISSION - COSTA RICA PURPOSE: SUPPORT FOR NEW BUILDINGS IN COSTA RICA | $15,000 |