Grain Family Foundation Inc
- Assets
- $250.4k
- Revenue
- $129.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- Data as of
- 12/2022
- EIN
- 84-4933973
Organization Overview
Grain Family Foundation Inc is located in Sarasota, FL. 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. Grain 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 12/2022, Grain Family Foundation Inc generated $129.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $44.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCUMENTATION OF EXCEPTIONAL TALENT FOR UNDERPRIVILEGED ARTISTS. THE FOUNDATION IS CURRENTLY WORKING ON CREATING AND PUBLISHING A MONOGRAPH TO CELEBRATE AND RECOGNIZE THE LIFETIME ACHIEVEMENTS OF MR. RICHARD HUNT, AN AFRICAN AMERICAN SCULPTOR. THE FOUNDATION BELIEVES THAT IT IS IMPORTANT THAT THE LEGACY OF TALENTED UNDERPRIVILEGED ARTISTS ARE DOCUMENTED AND MADE AVAILABLE FOR AMERICANS. ONCE COMPLETED, THE MONOGRAPH WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC AT COST AND DISTRIBUTED VIA PUBLIC ART INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Grain Director And Chairman | 1 | $0 | |
Lisa Grain Director | 0.5 | $0 | |
Chris Rothstein Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $324,041 |
| Interest on Savings | $71 |
| Dividends & Interest | $88 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,336 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$193,398 |
| Other Income | $0 |
| Total Revenue | $129,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,003 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $44,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,769 |
| 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 | $182,599 |
| Other assets | $0 |
| Total assets | $250,368 |
| 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 | $676 |
| Total liabilities | $676 |
Grants Awarded
Over the last fiscal year, Grain Family Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARTHA'S VINEYARD MUSEUM PURPOSE: TO AID MUSEUM'S MISSION OF BECOMING A TRUSTED AND SAFE PLACE, INTENTIONALLY CAPTURING ALL OF THE STORIES AND STRENGTHENING THE LOCAL COMMUNITY. | $25,000 |
NEW JERSEY SCHOLARS ELITE YOUTH BASKETBALL ACADEMY PURPOSE: TO AID THE ORGANIZATION'S MISSION TO PROVIDE A COMPREHENSIVE AND DYNAMIC YEAR-ROUND ATHLETIC, ACADEMIC, ENRICHMENT, COMMUNAL AND CIVIC PROGRAM. | $10,000 |