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Gray Lady Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$39.7k (2023)

Expenses
$34.5k (2023)

Total Assets
$915k (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,677
Expenses
$34,462
Net Income
$5,215
Net Assets
$915,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,993
75.6%
Sales of Assets $9,684
24.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,500
33.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $915,000
Total Liabilities $0
Net Assets $915,000
Compensation
Key Employees and Officers Compensation Other
Jennifer Herndon (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$81,760
Expenses
$33,214
Net Income
$48,546
Net Assets
$909,786
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $31,758
38.8%
Sales of Assets $50,002
61.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,700
53.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $909,786
Total Liabilities $0
Net Assets $909,786
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,616
Expenses
$30,472
Net Income
$38,144
Net Assets
$860,545
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,901
47.9%
Sales of Assets $35,715
52.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,106
46.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $860,545
Total Liabilities $0
Net Assets $860,545
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,746
Expenses
$22,405
Net Income
$6,341
Net Assets
$820,149
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,658
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $820,150
Total Liabilities $1
Net Assets $820,149
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$103,980
Expenses
$86,627
Net Income
$17,353
Net Assets
$809,500
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,115
10.7%
Interest Revenue $0
Dividends $30,503
29.3%
Sales of Assets $62,362
60.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,317
77.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $809,501
Total Liabilities $1
Net Assets $809,500
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,047
Expenses
$74,396
Net Income
$33,651
Net Assets
$792,148
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $35,000
32.4%
Interest Revenue $0
Dividends $30,173
27.9%
Sales of Assets $42,874
39.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,365
75.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $792,148
Total Liabilities $0
Net Assets $792,148
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,371
Expenses
$69,724
Net Income
-$50,353
Net Assets
$758,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $31,199
> 100%
Sales of Assets -$13,433
Other Income $1,605
8.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,088
80.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $758,497
Total Liabilities $0
Net Assets $758,497
Compensation
Key Employees and Officers Compensation Other
Elizabeth Kenney (Director) $0 $0
Patrick J Daly (Clerk, Director) $0 $0
David L Taylor (Treasurer, Director) $0 $0
Russell H Herndon (President, Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,940
Expenses
$63,708
Net Income
-$17,768
Net Assets
$850,128
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $30,222
65.8%
Sales of Assets $15,718
34.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,546
80.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $850,128
Total Liabilities $0
Net Assets $850,128

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,270
Expenses
$72,931
Net Income
-$46,661
Net Assets
$876,690
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $26,270
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $54,298
74.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $876,690
Total Liabilities $0
Net Assets $876,690

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,368
Expenses
$72,772
Net Income
-$47,404
Net Assets
$882,740
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,368
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,830
69.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $882,740
Total Liabilities $0
Net Assets $882,740

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$181,477
Expenses
$66,209
Net Income
$115,268
Net Assets
$930,144
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,000
82.7%
Interest Revenue $1,225
0.7%
Dividends $27,905
15.4%
Sales of Assets $2,347
1.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,000
75.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $930,144
Total Liabilities $0
Net Assets $930,144

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,265
Expenses
$43,469
Net Income
-$14,204
Net Assets
$814,884
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9,644
33.0%
Dividends $19,621
67.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,660
95.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $814,884
Total Liabilities $0
Net Assets $814,884

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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