Robert E and Edith M Grissinger Fd
Nonprofit profile at a glance
- EIN
- 814654269
- IRS 990-PF coverage
- 2017–2024
- Forms available
- Form 990-PF 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6127434248
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $558,020
- Expenses
- $952,290
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Private Independent Foundations
What it reported funding in 2024
The foundation reported 35 grants totaling $829,000. The stated grant purposes included grant for programs serving greater st paul area, operating funds for school, and provide operating funds for pre school children, plus 32 other reported purposes.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 87% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 87
- Transparency: 100
- Compliance: 50
- Endowment Health: 23
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 78th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 87.1%; rating input score 87; 62nd percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: Limited
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 12.27; rating input score 23; 23rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: Filed self-dealing detail
- Investments: 23th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 39 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Endowment Health: Endowment-health comparison scored 23/100.