EIN 99-0281966

The Gromet Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Year formed
2019
Most recent tax filings
2023-12-01
Description
The Gromet Foundation is a private foundation that provides scholarships and other assistance to college-bound Hawaii high school seniors.
Total revenues
$557,906
2023
20192020202120222023$0$0.4m$0.8m
Total expenses
$774,516
2023
20192020202120222023$0$0.4m$0.8m
Total assets
$4,117,598
2023
20192020202120222023$3.8m$4.6m
Num. employees
2
2023
2019202020212022202302

Program areas at The Gromet Foundation

The Foundation gave (30) thirty educational scholarships to (30) thirty individuals.
In addition to grants for unmet need for The cost of college attendance, The Foundation provides, at its cost, The following additional programs: 1) academic financial aid counseling with annual reviews, 2) decision making tools to assist scholars in college selection, 3) academic mentoring and intervention services, 4) referral to affiliated providers for additional financial aid, 5) emergency and crisis response funds, 6) funds for study abroad programs in accordance with The Foundation student guide, 7) tuition for freshman english in The summer prior to The freshman year, 8) organized social gatherings of its scholars to encourage networking and mentoring by upper classmen, and 9) an alumni network.

Personnel at The Gromet Foundation

NameTitleCompensation
Sung S StubenbergChief Financial Officer$96,160
James StubenbergExecutive Director$125,000

Financials for The Gromet Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$202,463
Net rental income$135,526
Net gain from sale of non-inventory assets$174,618
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$557,906

Form 990s for The Gromet Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-05-12990PFView PDF
...and 9 more Form 990s
Data update history
December 27, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 1, 2023
Updated personnel
Identified 1 new personnel
August 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate operating foundationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
40 E Main St 754
Newark, DE 19711
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phone
(808) 384-1456
IRS details
EIN
99-0281966
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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