Gracey Family Foundation Inc
- Assets
- $62.2k
- Revenue
- $42.6k
- Investments
- $46.7k
- Employees
- 0
- Location
- Fort Thomas, KY
- Founding
- Data as of
- 12/2022
- EIN
- 86-2082531
Organization Overview
Gracey Family Foundation Inc is located in Fort Thomas, KY. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gracey 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, Gracey Family Foundation Inc generated $42.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $9.7k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Ann Gracey President/treasurer/director | 1 | $0 | |
Stephen Gracey Vp/secretary/director | 1 | $0 | |
Allan Smillie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,949 |
| Interest on Savings | $0 |
| Dividends & Interest | $506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152 |
| Capital Gain Net Income | $6,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $1,490 |
| Contributions, gifts, grants paid | $8,200 |
| Total expenses and disbursements | $9,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,540 |
| 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 | $62,231 |
| 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, Gracey Family Foundation Inc has awarded $8,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FORT THOMAS EDUCATION FOUNDATION PURPOSE: ELEMENTARY SCHOOL CAPITAL CAMPAIGN | $7,000 |
CITY OF FORT THOMAS PURPOSE: BRIARCLIFF PARK IMPROVEMENT PROJECT | $1,000 |
HORIZON COMMUNITY FUNDS PURPOSE: GENERAL SUPPORT - GIVE WHERE YOU LIVE | $200 |