Grodman Family Foundation
- Assets
- $19.7m
- Revenue
- $545.5k
- Investments
- $14.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 86-3646344
Organization Overview
Grodman Family Foundation is located in Wilmington, DE. 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. Grodman 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 12/2023, Grodman Family Foundation generated $545.5k 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 (70.3%) each year. All expenses for the organization totaled $729.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Grodman Family Foundation has awarded 33 individual grants totaling $1,066,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asher C Grodman Dir | 1 | $0 | |
Marc D Grodman Dir, Pres | 1 | $0 | |
Pamela Sue Grodman Dir, Sec, Treas | 1 | $0 | |
Schyler Zane Grodman Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Treasury Partners | 12/30/23 | $81,158 |
Foundation Source | 12/30/23 | $68,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $259,183 |
| Dividends & Interest | $99,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$231,660 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $418,676 |
| Total Revenue | $545,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7 |
| Taxes | $8,382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,974 |
| Total operating and administrative expenses | $170,521 |
| Contributions, gifts, grants paid | $559,000 |
| Total expenses and disbursements | $729,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,369,736 |
| 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 | $6,518,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,679,145 |
| 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, Grodman Family Foundation has awarded $559,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: EVALUATING THE HEALTH IMPACTS OF DISASTERS ON YOUTH | $50,000 |
BOSELLI FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHILDRENS GLOBAL HEALTH FUND INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FOUNDATION FOR CITY COLLEGE PURPOSE: CUNY SCHOOL OF MEDICINE, DEAN'S DISCRETIONARY FUND | $10,000 |
FRIENDS OF BEZALEL ACADEMY OF ARTS AND DESIGNS INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
COMMONWEALTH OF PENNSYLVANIA PURPOSE: EXPANSION OF BEHAVIORAL HEALTH FOR CHILDREN AND FAMILIES AT ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN | $110,000 |