Greenwood Foundation Charit Irrv Tr 121294
- Assets
- $15.8m
- Revenue
- $399.5k
- Investments
- $15.7m
- Employees
- 0
- Location
- San Marino, CA
- Founding
- 01/1995
- Data as of
- 11/2023
- EIN
- 95-6980924
Organization Overview
Greenwood Foundation Charit Irrv Tr 121294 is located in San Marino, CA. The organization was established in 1995. 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. Greenwood Foundation Charit Irrv Tr 121294 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 11/2023, Greenwood Foundation Charit Irrv Tr 121294 generated $399.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $704.0k during the year ending 11/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guilford C Babcock Trustee | 10 | $0 | |
Gwendolyn C Babcock Trustee | 10 | $0 | |
John C Babcock Trustee | 10 | $0 | |
Laura W Babcock Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,955 |
| Dividends & Interest | $393,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,223 |
| Total operating and administrative expenses | $43,968 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $703,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,587 |
| 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 | $13,238 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,809,805 |
| 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 | $300,000 |
| Total liabilities | $300,000 |
Grants Awarded
Over the last fiscal year, Greenwood Foundation Charit Irrv Tr 121294 has awarded $660,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL OUTDOOR LEADERSHIP SCHOOL PURPOSE: STRATEGIC PLANNING & MARKET RESEARCH | $100,000 |
YOUNG AND HEALTHY PURPOSE: SUPPORT INITIATIVES | $100,000 |
INSTITUTE FOR SHIPBOARD EDUCATION PURPOSE: 60TH ANNIVERSARY ACCESS ENDOWED FUND | $50,000 |
STUDENTS RUN AMERICA PURPOSE: STUDENTS RUN LA - GENERAL SUPPORT | $100,000 |
THE HUNGTINGTON LIBRARY PURPOSE: HUNTINGTON ARBOREAL RECOVERY PROJECT (HARP) | $10,000 |
SCHWAB CHARITABLE DONOR ADVISED FUND PURPOSE: GENERAL SUPPORT | $300,000 |