Grove Foundation INC

Tax-deductible

Neptune, NJ501(c)(3)Foundations & GrantmakersEIN 26-0000488

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $62K a year · 10% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
238 mo
of spending, in cash
Looks good: 238.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+94% vs prior year
Spent
$590K
Net assets
$12.3M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +94%
Revenue by fiscal year
FY2020$544K
FY2021$441K
FY2022$338K
FY2023$592K
FY2024$1.2M
Expenses
$590K
FY2024▼ -25%
Expenses by fiscal year
FY2020$567K
FY2021$752K
FY2022$674K
FY2023$792K
FY2024$590K
Net assets
$12.3M
FY2024▲ +5%
Net assets by fiscal year
FY2020$12.6M
FY2021$12.3M
FY2022$11.9M
FY2023$11.7M
FY2024$12.3M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 98% · $581K Operating & administrative 2% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grove Foundation INC executive salaries →

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Programs and updates

A private foundation based in Neptune, NJ.

Provided by the organization

This section is blank until Grove Foundation INC claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $581K · 2024–2024
See Attached ScheduleFY2024$580,775

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$581K
Median grantPart XV$581K
Largest grantPart XV$581K

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$1.2M
Investment income$651K
Gifts and grants$500K
Money out
$590K
Grants paid$581K
Running costs$10K
Owns and owes
$12.3M
net assets
Cash and savings$11.7M
Total assets$12.3M
Liabilities$3K
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$500K
Investment income$651K
Total revenue$1.2M
Assets in detailEnd of year
Cash and savings together$11.7M
Total assets$12.3M
Liabilities$3K
Net assets$12.3M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$590K$561K$12.3M 990 PDF
FY2023 $592K$792K−$199K$11.7M 990 PDF
FY2022 $338K$674K−$336K$11.9M 990 PDF
FY2021 $441K$752K−$311K$12.3M 990 PDF
FY2020 $544K$567K−$23K$12.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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