Sam And Peggy Grossman Family Foundation
- Assets
- $20.0m
- Revenue
- $356.1k
- Investments
- $321.7k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 05/1999
- Data as of
- 03/2021
- EIN
- 86-0939696
Organization Overview
Sam And Peggy Grossman Family Foundation is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sam And Peggy Grossman 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 03/2021, Sam And Peggy Grossman Family Foundation generated $356.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $728.3k during the year ending 03/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam And Peggy Grossman Family Foundation has awarded 92 individual grants totaling $3,943,944. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Francois Director | Trustee | 1 | $0 |
Brady Kyle Dolsen Director | Trustee | 1 | $0 |
Ginna Grossman Vice President | OfficerTrustee | 1 | $0 |
John Grossman President | OfficerTrustee | 1 | $0 |
Morgan Bishop Fraser Director | Trustee | 1 | $0 |
Kyla Quintero Secretary/treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $271,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $84,643 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,826 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,716 |
| All other expenses | $0 |
| Total functional expenses | $728,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,687 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $14,648,676 |
| Investments—other securities | $321,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,000,591 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,191,036 |
| Total liabilities | $1,191,036 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $18,809,555 |
Grants Awarded
Over the last fiscal year, Sam And Peggy Grossman Family Foundation has awarded $479,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SUN VALLEY WRITERS CONFERENCE PURPOSE: GENERAL SUPPORT | $30,000 |
UCLA FOUNDATION PURPOSE: PARKINSON'S RESEARCH | $150,000 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: FOR THE ERNIE & KATE PRUDENTE CHARITABLE FUND | $150,000 |
SAGE SCHOOL PURPOSE: GENERAL SUPPORT | $20,000 |
SUN VALLEY INSTITUTE FOR RESILIENCE INC PURPOSE: GENERAL SUPPORT | $15,000 |
SAINT JOHNS HOSPITAL & HEALTH CENTER FOUNDATION PURPOSE: GENERAL SUPPORT FOR THE HEALTH CENTER AND THE ONCOLOGY DEPARTMENT | $10,000 |