Gryd Foundation EIN 45-4927250

Gryd Foundation

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Empowers underserved youth in Los Angeles with resources for healthy, fulfilling lives. For fiscal year 2022 it reported $1.1M in revenue, $1.6M in expenses, and $111K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Los Angeles, CA
Website
www.grydfoundation.org
Filings
3 on file (2020–2022)
Revenue
$1.1MFY2022
Expenses
$1.6M
Net assets
$111K
People
10
Filings
3
Updates
0
More identity details & actions ⌄
EIN  45-4927250 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers underserved youth in Los Angeles with resources for healthy, fulfilling lives.
Leadership
Adrienne Newsom · Executive Director · $88K
Money in and out
$1.1M revenue, $1.6M expenses
Bottom line
92% program efficiency
Where the money goes · FY2022
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$472K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.02
Program efficiency
92%
of spending reaches programs+0.3% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -93% vs prior filing year
Surplus margin
-44%
revenue over expenses, this year▼ -598% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.1M
FY2022▼ -35%
Expenses
$1.6M
FY2022▼ -12%
Total assets
$113K
FY2022▼ -84%
Total liabilities
$2K
FY2022▼ -98%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$472K
Total assetsPt X · Ln 16$113K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

General Program

In 2022 the gryd foundation and mayor's gryd office continued to modify summer night lights (SNL) and fall friday nights (FFN) programming to comply with COVID-19 public health guidelines while responding to the related economic crisis.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGryd Foundation
EINHdr · item D45-4927250
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.grydfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$87,526Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Adrienne Newsom’s $88K as Executive Director is at the 18th percentile of top reported officer pay among 1547 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Adrienne Newsom$87,526$119,826$121,557

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 99%
Other revenue$6K · 1%
Contributions & grants99%$1.1M
Other revenue1%$6K
— government grantsLn 1e$200K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.02
Program services92%$1.4M
Management & general7%$104K
Fundraising2%$26K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$43K
Total assetsLn 16$113K
Total liabilitiesLn 26$2K
Total net assetsLn 32$111K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43K · Operating expenses/yr $1.6M
0.3 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.6M
92%
Management & General
Management & general $104K · Total expenses $1.6M
7%
Fundraising
Fundraising $26K · Total expenses $1.6M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $1.2M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
99%
Government reliance
Government grants $200K · Total revenue $1.1M
18%
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.6M
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.7M
-35%
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.6M
-44%
Liabilities-to-Assets
Total liabilities — · Total assets $113K
Net-asset ratio
Net assets $111K · Total assets $113K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $113K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adrienne Newsom · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $88K · Total expenses $1.6M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $536K · Total expenses $1.6M
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 2%
Revenue growth -35%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$36

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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