Gray Family Foundation
- Assets
- $4.2m
- Revenue
- $153.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bandera, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-3426953
Organization Overview
Gray Family Foundation is located in Bandera, 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. Gray 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, Gray Family Foundation generated $153.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (52.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Gray President | 0.5 | $0 | |
William H Gray Jr Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,415 |
| Interest on Savings | $452 |
| Dividends & Interest | $29,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,459 |
| Capital Gain Net Income | $59,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $16,448 |
| Contributions, gifts, grants paid | $127,980 |
| Total expenses and disbursements | $144,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $338,898 |
| 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 | $4,191,714 |
| 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, Gray Family Foundation has awarded $127,980 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SONRISE CHRISTIAN FELLOWSHIP PURPOSE: TO SUPPORT THE CHURCH MINISTRY IN TEACHING THE GOSPEL OF JESUS CHRIST. | $7,980 |
LES FELDICK MINISTRIES PURPOSE: TO SUPPORT THE PROD-CAST BY TELEVISION AND RADIO OF BIBLE STUDY, FROM GENESIS TO REVELATION,ALL OVER THE UNITED STATES, CANADA, EUROPE, AFRICA,AND BEYOND. | $100,000 |
THE FRIENDS OF ISRAEL GOSPEL MINIST PURPOSE: TO SUPPORT THE CHURCH MINISTRY IN TEACHING THE GOSPEL OF JESUS CHRIST. | $10,000 |
MESSIANIC JEWISH ALLIANCE OF AMERIC PURPOSE: TO SUPPORT TEACHING THE GOSPEL OF JESUS CHRIST. | $5,000 |
PRAGER UNIVERSITY PURPOSE: TO SUPPORT THE TEACHING AMERICAN VALUES THROUGH THE CREATIVE USE OF EDUCATIONAL VIDEOS. | $5,000 |