GRUNDY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GRUNDY FOUNDATION (EIN 23-1609243)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202313199349110181
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Cash Deemed Charitable Expln Stmt
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T22:24:48-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 232896692 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BBD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 MARKET STREET 3RD FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231609243 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRUNDY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRUN | BusinessNameControlTxt |
| Phone | 2157885460 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 680 RADCLIFFE STREET | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19007 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EUGENE WILLIAMS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2157885460 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EUGENE | PersonFirstNm |
| Person Last | WILLIAMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN PAGE | PreparerPersonNm |
| PTIN | P02402981 | PTIN |
| Phone | 2155677770 | PhoneNum |
| Preparation | 2023-11-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $52,115,454 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $30,934 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,312 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,312 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $782,055 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $782,055 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,983,800 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,739,287 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,983,800 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,420 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,799,521 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,767,167 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $356,203 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $87,942 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $268,261 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,140,823 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,140,823 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $258,097 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $258,097 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,300 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $1,300 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $7,100 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $22,229 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $22,229 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $145,289 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $145,289 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $271,262 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $271,262 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $10,877 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $10,877 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,354,182 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,354,182 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,567,362 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $87,942 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,479,420 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $128,560 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $128,560 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,695,922 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $87,942 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,607,980 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,896,401 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,679,225 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $151,629 | CashBOYAmt |
| Cash EOY | $194,261 | CashEOYAmt |
| Cash EOYFMV | $194,261 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $6,141,095 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,239,997 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,239,996 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,979,020 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,981,380 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $23,470,276 | CorporateStockBOYAmt |
| Corporate Stock EOY | $18,253,322 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $23,594,642 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,970,316 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $3,770,317 | LandBOYAmt |
| Land EOY | $4,970,316 | LandEOYAmt |
| Land EOYFMV | $22,105,175 | LandEOYFMVAmt |
| Total Assets BOY | $33,533,317 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,636,916 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $52,115,454 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $33,352,376 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $29,447,028 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $180,941 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $189,888 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,533,317 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $29,636,916 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $33,533,317 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $29,636,916 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,533,317 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,896,401 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $29,636,916 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $29,636,916 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt |
|---|---|---|---|---|---|---|---|
| ADOBE | P | 2022-04-07 | $883,039 | $933,783 | -$50,744 | -$50,744 | |
| ALPHABET, INC | P | 2022-09-07 | $536,972 | $128,421 | $408,551 | $408,551 | 2015-01-28 |
| AMAZON | P | 2022-02-24 | $603,099 | $671,163 | -$68,064 | -$68,064 | 2021-07-30 |
| APPLE | P | 2022-09-07 | $725,958 | $106,661 | $619,297 | $619,297 | 2014-04-30 |
| CARRIER GLOBAL CORP | P | 2022-02-03 | $4,453 | $4,047 | $406 | $406 | |
| CATERPILLAR, INC. | P | 2022-01-28 | $511,947 | $383,532 | $128,415 | $128,415 | 2020-09-18 |
| COCA COLA CO | P | 2022-05-01 | $959,135 | $653,499 | $305,636 | $305,636 | |
| CVS HEALTH CORP | P | 2022-09-07 | $498,509 | $479,328 | $19,181 | $19,181 | 2015-09-30 |
| EMERSON ELECTRIC | P | 2022-02-28 | $1,419,614 | $891,522 | $528,092 | $528,092 | |
| GOODRX HOLDINGS, INC. | P | 2022-02-24 | $249,600 | $408,178 | -$158,578 | -$158,578 | 2021-09-29 |
| JP MORGAN CHASE & CO | P | 2022-04-07 | $652,802 | $499,274 | $153,528 | $153,528 | 2020-05-27 |
| META PLATFORMS, INC. | P | $515,791 | $641,256 | -$125,465 | -$125,465 | ||
| PALANTIR TECHNOLOGIES | P | 2022-02-02 | $457 | $876 | -$419 | -$419 | 2021-08-24 |
| PROCTOR & GAMBLE | P | 2022-09-07 | $682,724 | $336,799 | $345,925 | $345,925 | 2012-02-28 |
| SOFI TECHNOLOGIES, INC. | P | 2022-02-24 | $377,837 | $613,256 | -$235,419 | -$235,419 | |
| WALT DISNEY COMPANY | P | 2022-02-24 | $1,117,350 | $1,003,892 | $113,458 | $113,458 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,983,800 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $37,241 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $37,241 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $37,241 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,787 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $35,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $56,787 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $531 | EsPenaltyAmt |
| Overpayment | $19,015 | OverpaymentAmt |
| Applied To ES Tax | $19,015 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.GRUNDYFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | EXECUTIVE DIRECTOR | IndividualWithBooksNm |
| Phone | 2157885460 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE ORGANIZATIONS ADDRESS | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| FREDERICK JM LAVALLEY ESQ | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | TRUSTEE | 0.50 | $14,170 | $0 | $0 |
| THOMAS F PRAISS EA CFP AEP | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | TRUSTEE | 0.50 | $14,170 | $0 | $0 |
| PHILA TRUST CO CO MICHAEL CROFTON | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | TRUSTEE | 0.50 | $87,942 | $0 | $0 |
| EUGENE WILLIAMS ESQ | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | EXECUTIVE DIRECTOR | 40.00 | $185,000 | $26,588 | $0 |
| CARL E WHITE | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | TRUSTEE | 0.50 | $14,170 | $0 | $0 |
| CHRISTINA M FOURNAIS | ||||||||
| C/O THE GRUNDY FOUNDATIONS ADDRESS | BRISTOL | PA | 19007 | TRUSTEE | 0.50 | $14,170 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| DANA BARBER | ||||||||
| C/O THE ORGANIZATIONS ADDRESS | BRISTOL | PA | 19007 | LIBRARY DIRECTOR | 40.00 | $98,477 | $19,271 | $0 |
| STEVEN VITARELLI | ||||||||
| C/O THE ORGANIZATIONS ADDRESS | BRISTOL | PA | 19007 | TECHNOLOGY ADMINISTR | 40.00 | $83,246 | $6,140 | $0 |
| GRETCHEN STALLONE | ||||||||
| C/O THE ORGANIZATIONS ADDRESS | BRISTOL | PA | 19007 | COMMUNITY SERVICES M | 40.00 | $62,373 | $26,529 | $0 |
| BARBARA GERHARD | ||||||||
| C/O THE ORGANIZATIONS ADDRESS | BRISTOL | PA | 19007 | LIBRARIAN | 40.00 | $55,136 | $22,855 | $0 |
| KEVIN FARLEY | ||||||||
| C/O THE ORGANIZATIONS ADDRESS | BRISTOL | PA | 19007 | PATRON SERVICES MANA | 40.00 | $66,008 | $11,911 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MARQUIS CONSTRUCTION SERVICES | |||||
| 261 LOWER MORRISVILLE ROAD | FALLSINGTON | PA | 19054 | CONTRUCTION SERVICES | $2,368,183 |
| CARL J NELSON | |||||
| 73 MANOR CIRCLE | BRISTOL | PA | 19007 | HISTORIC RENOVATIONS | $104,002 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MAINTENANCE OF LIBRARY AND MUSEUM | Description1Txt |
| Expenses1 | $6,479,420 | Expenses1Amt |
| Description2 | GRANTMAKING | Description2Txt |
| Expenses2 | $128,560 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $34,756,019 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $164,924 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $34,920,943 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $34,920,943 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,142,378 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $29,778,565 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,488,928 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,488,928 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $37,241 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $37,241 | TotalTaxAmt |
| Distributable Before Adj | $1,451,687 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,451,687 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,451,687 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,607,980 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $6,607,980 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,451,687 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $260,043 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $351,409 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,489,032 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,986,003 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,224,867 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,311,354 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,607,980 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,451,687 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,156,293 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $15,467,647 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $260,043 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $15,207,604 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $351,409 | ExcessFromYear4Amt |
| Excess From Year3 | $1,489,032 | ExcessFromYear3Amt |
| Excess From Year2 | $3,986,003 | ExcessFromYear2Amt |
| Excess From Year1 | $4,224,867 | ExcessFromYear1Amt |
| Excess From Current Year | $5,156,293 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | EUGENE WILLIAMS ESQ EXECUTIVE DIREC | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 680 RADCLIFFE STREET | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2157885460 | RecipientPhoneNum |
| Recipient Email Address | THE GRUNDY FOUNDATION | RecipientEmailAddressTxt |
| Form And Info And Materials | THOSE APPLYING FOR A GRANT FROM THE FOUNDATION SHOULD USE THE PHILANTHROPY NETWORK OF GREATER PHILADELPHIA COMMON GRANT FORM APPLICATION, WHICH CAN BE DOWNLOADED FROM THEIR WEBSITE AT WWW.PHILANTHROPYNETWORK.ORG/?PAGE=CGA. COMPLETED FORMS CAN BE MAILED, FAXED OR SENT ELECTRONICALLY (FAXES AND EMAIL VERSIONS REQUIRE PRIOR FOUNDATION APPROVAL). | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANT GUIDELINES - CAN BE VIEWED FROM THE FOUNDATION'S WEBSITE AT HTTPS://WWW.GRUNDYFOUNDATION.COM/CONTENT/GRANT-GUIDELINES | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ADVOCATES FOR THE HOMELESS & THOSE IN NEED (AHTN) | ||||||
| PO BOX 184 | FAIRLESS HILLS | PA | 19030 | PC | TRANSPORTATION SERVICES | $4,000 |
| BRISTOL BOROUGH COMMUNITY ACTION GROUP | ||||||
| 99 WOOD STREET | BRISTOL | PA | 19007 | GOV | FOOD PANTRY | $1,000 |
| BRISTOL BOROUGH POLICE DEPARTMENT | ||||||
| 250 POND STREET | BRISTOL | PA | 19007 | GOV | YOUTH ACTIVITIES | $2,000 |
| BRISTOL BOROUGH SCHOOL DISTRICT | ||||||
| 1776 FARRAGUT AVENUE | BRISTOL | PA | 19007 | GOV | LNS SCHOLARSHIP; SUPPORT DRAMA CLUB | $10,000 |
| BRISTOL FIRE COMPANY STATION 51 | ||||||
| 198 WOOD STREET | BRISTOL | PA | 19007 | PC | EMT SUPPLIES | $2,000 |
| BRISTOL RIVERSIDE THEATER COMPANY INC | ||||||
| PO BOX 1250 | BRISTOL | PA | 19007 | PC | 2022 MAIN STAGE SEASON | $90,000 |
| BUCKS COUNTY OPPORTUNITY COUNCIL | ||||||
| 100 DOYLE STREET | DOYLESTOWN | PA | 18901 | PC | EMERGENCY NEEDS | $4,000 |
| BUCKS COUNTY RESCUE SQUAD | ||||||
| PO BOX 211 | BRISTOL | PA | 19007 | PC | OPERATING SUPPORT | $2,000 |
| CALVARY BAPTIST CHURCH | ||||||
| 250 GREEN LANE | BRISTOL | PA | 19007 | PC | FOOD PANTRY | $1,000 |
| ST JAMES EPISCOPAL CHURCH | ||||||
| 225 WALNUT STREET | BRISTOL | PA | 19007 | PC | FEEDING PROGRAM | $1,000 |
| BRISTOL BOROUGH GARDEN CLUB | ||||||
| 249 RADCLIFFE STREET | BRISTOL | PA | 19007 | PC | FLOWER BED RECONSTRUCTION | $5,720 |
| BRISTOL BOROUGH DRAMA CLUB | ||||||
| 1776 FARRAGUT AVENUE | BRISTOL | PA | 19007 | PC | SUPPORT DRAMA CLUB | $1,000 |
| BRISTON BOROUGH SCHOOL DISTRICT | ||||||
| 1776 FARRAGUT AVENUE | BRISTOL | PA | 19007 | PC | FAMILY HOLIDAY NEEDS | $4,840 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $128,560 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LIBRARY & MUSEUM | Desc |
| Related Or Exempt Function Incm | $1,420 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,312 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $782,055 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,983,800 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,765,855 | ExclusionAmt |
| Related Or Exempt Function Incm | $2,732 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,768,587 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1A | LineNumberTxt |
| Relationship Statement | MISCELLANEOUS INCOME FROM THE MARGARET R. GRUNDY MEMORIAL LIBRARY WHICH EXISTS FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL AND PUBLIC WORKS PROJECTS. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING AND AUDITING | CategoryTxt |
| Amt | $7,100 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $7,100 | DisbursementsCharitablePrpsAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | IN ACCORDANCE WITH REG. 53.4942(A)-2(C)(3)(IV), THE ABOVE REFERENCED FOUNDATION IS EXCLUDING FROM ITS MINIMUM INVESTMENT RETURN (MIR) CALCULATION A TOTAL OF $5,142,378 IN CASH THAT IT DEEMS HELD FOR CHARITABLE ACTIVITIES. THIS AMOUNT IS IN EXCESS OF 1.5% OF THE FAIR MARKET VALUE OF THE FOUNDATION'S NOCHARITABLE-USE ASSETS. THE FOLLOWING INFORMATION IS SUBMITTED IN SUPPORT OF THE EXCLUSION FROM MIR OF THIS AMOUNT.1. FAIR MARKET VALUE OF FOUNDATION'S NONCHARITABLE-USE ASSETS: $34,756,0192. 1.5% OF LINE 1: $521,3403. FACTS AND CIRCUMSTANCES JUSTIFYING THE EXCLUSION OF AN AMOUNT IN EXCESS OF THE AMOUNT IN LINE 2: FOR THE PAST THREE YEARS THE FOUNDATION HAS INCURRED EXPENDITURES FOR CHARITABLE PURPOSES OF $3,498,846 (2019), $5,865,845 (2020) AND $6,062,442 (2021) FOR AN AVERAGE OF $5,142,378 IN ORDER TO CONDUCT ITS CHARITABLE ACTIVITIES. | ShortExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | VARIOUS CORPORATE STOCK (PUBLICLY TRADED) | StockNm |
| EOY Book Value | $18,253,322 | EOYBookValueAmt |
| EOYFMV | $23,594,642 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,979,020 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,981,380 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $1,300 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,300 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CAPITAL EXPENDITURES | $229,076 | $0 | $229,076 |
| COMMUNITY OUTREACH | $9,704 | $0 | $9,704 |
| DUES AND MEMBERSHIPS | $6,632 | $0 | $6,632 |
| INFORMATION TECHNOLOGY | $64,939 | $0 | $64,939 |
| MATERIAL PROCESSING | $1,795 | $0 | $1,795 |
| OPERATING SERVICES | $32,414 | $0 | $32,414 |
| PROGRAM EXPENSES | $3,658,026 | $0 | $3,658,026 |
| PROJECT EXPENSES | $44,611 | $0 | $44,611 |
| SUPPLIES | $115,806 | $0 | $115,806 |
| INSURANCE | $157,856 | $0 | $157,856 |
| AUTO | $56 | $0 | $56 |
| COLLECTIONS | $33,267 | $0 | $33,267 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LIBRARY & MUSEUM | Desc |
| Revenue And Expenses Per Books | $1,420 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $1,420 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER | CategoryTxt |
| Amt | $22,229 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $22,229 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| REAL ESTATE TAXES | $23,442 | $0 | $23,442 |
| PAYROLL TAXES | $98,847 | $0 | $98,847 |
| EXCISE TAX | $23,000 | $0 | $23,000 |