MISSION
We will provide financial assistance for students who are in need that attend historically black colleges and institutions. The Grayson Foundation will also assist with Higher education readiness programming for minority high school students.
DEMOGRAPHIC
ADDRESS
440 E 62ND ST
60637
COUNTY
cook county, IL
IN CARE OF NAME
DONALD EUGENE GRAYSON
ORGANIZATIONAL OVERVIEW & RANKINGS
GRAYSON FOUNDATION is a based in CHICAGO, IL, focused on Arts, Culture and Humanities causes , specifically Fund Raising and/or Fund Distribution. Established in September 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,542,513 among 2,656,690 nonprofits nationally (Top 96%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 85,825 out of 106,037 organizations in IL (Top 81%).
In cook county, IL, the organization ranks 35,936 out of 46,103 nonprofits by assets (Top 78%), while locally in chicago, it stands at 25,378 among 28,197 organizations (Top 90%).
The organization reported no revenue in the most recent filing period, placing it at 2,007,757 nationally and 94,632 in IL.
Within its specific NTEE classification (A12 - A: Arts, Culture and Humanities), which includes 3,898 similar organizations, GRAYSON FOUNDATION ranks 3,295 in assets (Top 85%) and 3,295 in revenue (Top 85%).
Note: This organization's tax-exempt status was temporarily revoked on October 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a April fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A12: Fund Raising and/or Fund Distribution
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Saturday, October 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
05
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
09/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.