Sam And Peggy Grossman Family Foundation

The information for Sam and Peggy Grossman Family Foundation is as of the organization's most recent filing in March 2020. This organization is located in Phoenix, AZ. It has been in existence for 21 years, following its founding in 1999.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Sam And Peggy Grossman Family Foundation's NTEE code is P11. The "P" tells us that the organization is classified under Human Services. The "11" tells us that the organization is a Single Organization Support. The NTEE describes Single Organization Support as organizations existing as a fund-raising entity for a single institution within the Human Services major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Sam And Peggy Grossman Family Foundation is to perform the functions of, or to carry out the purposes of the Arizona Community Foundation, an AZ nonprofit corporation, so long as the Arizona Community Foundation, Inc. remains a qualified organization.

Program Areas

Through grants to charitable organizations, the Arizona Community Foundation, Inc. is able to support its mission and contribute to meaningful causes across the state.

Organization Staffing

Sam And Peggy Grossman Family Foundation is run by James Grossman, who is the President. The organization has no employees, and no employees paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the lack of paid staff are four volunteers.

Board Governance

The Sam And Peggy Grossman Family Foundation is well-governed and has taken the necessary steps to ensure its operations are transparent and accountable. The board of directors is composed of five voting members, four of whom are independent, which helps to ensure that decisions are made with the best interests of the organization in mind. The organization has delegated management to an outside firm and has also taken steps to ensure potential conflicts of interest are addressed. Board and committee meetings are documented, and the organization has a conflict of interest policy and a written whistleblower policy. Furthermore, the organization has a document retention policy and provides copies of the 990 to the board prior to filing. However, the organization does not substantiate and review leadership or officer salaries, which could be improved. Overall, the Sam And Peggy Grossman Family Foundation is well-governed and has taken the necessary steps to ensure its operations are transparent and accountable.

Grant History

Our dataset has five years of grant history for the Sam And Peggy Grossman Family Foundation. In that time, they have awarded fifty-three grants, with an average check size of $36,343. All grants were awarded in the Human Services sector. Additionally, the organization most frequently awards grants in the state of Idaho (25), followed by Hawaii (1), Colorado (2), District of Columbia (1), Nevada (2), Montana (2), California (14), Pennsylvania (1), Arizona (3), Washington (1), and Ohio (1).

Organization Growth

The Sam And Peggy Grossman Family Foundation has experienced growth over the last five years. Investment income increased from $305.5K in 2014 to $545.9K in 2019 and total revenue increased from $281.5K in 2014 to $545.9K in 2019. However, grants paid decreased from $899.3K in 2014 to $367.8K in 2019 and total expenses decreased from $1.1M in 2014 to $524.0K in 2019. The number of volunteers remained the same over this time period.