Audrey And Martin Gruss Foundation
- Assets
- $0.0
- Revenue
- $7.6m
- Investments
- $27.1m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/2009
- Data as of
- 08/2021
- EIN
- 90-0445575
Organization Overview
Audrey And Martin Gruss Foundation is located in West Palm Beach, FL. The organization was established in 2009. 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. Audrey And Martin Gruss 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 08/2021, Audrey And Martin Gruss Foundation generated $7.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $10.7m during the year ending 08/2021. While expenses have increased by 3.3% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin D Gruss Co-President | 0 | $0 | |
Audrey B Gruss Co-President | 0 | $0 | |
Bhash Lalta Vice President/secretary | 0 | $0 | |
Courtney Keemss Assistant Secretary | 0 | $0 | |
David Zislin Vice President/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,206,856 |
| Interest on Savings | $6 |
| Dividends & Interest | $858,722 |
| Profit on Inventory Sales | $0 |
| Other Income | $148,407 |
| Total Revenue | $7,573,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,830,374 |
| Contributions, gifts, grants paid | $8,899,932 |
| Total expenses and disbursements | $10,730,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,826 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,056,494 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |