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Audrey And Martin Gruss Foundation

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.15M (2024)

Expenses
$8.21M (2024)

Total Assets
$26.4M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2012 to 2024

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 Aug.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,145,019
Expenses
$8,214,747
Net Income
-$2,069,728
Net Assets
$26,414,431
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,304,027
53.8%
Interest Revenue $221
0.0%
Dividends $1,174,911
19.1%
Sales of Assets $1,077,784
17.5%
Other Income $588,076
9.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,787,898
70.5%
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 $26,414,431
Total Liabilities $0
Net Assets $26,414,431
Compensation
Key Employees and Officers Compensation Other
Martin D Gruss (Co President) $0 $0
Audrey B Gruss (Co President) $0 $0
Bhash Lalta (Vice President/Secretary) $0 $0
Courtney Keemss (Assistant Secretary) $0 $0
David Zislin (Vice President/Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,132,178
Expenses
$8,229,654
Net Income
-$1,097,476
Net Assets
$28,484,159
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,271,314
45.9%
Interest Revenue $192
0.0%
Dividends $991,311
13.9%
Sales of Assets $2,502,121
35.1%
Other Income $367,240
5.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,682,487
69.0%
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 $28,484,159
Total Liabilities $0
Net Assets $28,484,159
Compensation
Key Employees and Officers Compensation Other
Martin D Gruss (Co President) $0 $0
Audrey B Gruss (Co President) $0 $0
Bhash Lalta (Vice President/Secretary) $0 $0
Courtney Keemss (Assistant Secretary) $0 $0
David Zislin (Vice President/Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,054,426
Expenses
$9,979,460
Net Income
$2,074,966
Net Assets
$29,581,635
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,238,925
26.9%
Interest Revenue $20
0.0%
Dividends $1,860,284
15.4%
Sales of Assets $5,009,605
41.6%
Other Income $1,945,592
16.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,899,906
59.1%
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 $29,581,746
Total Liabilities $111
Net Assets $29,581,635
Compensation
Key Employees and Officers Compensation Other
Martin D Gruss (Co President) $0 $0
Audrey B Gruss (Co President) $0 $0
Bhash Lalta (Vice President/Secretary) $0 $0
Courtney Keemss (Assistant Secretary) $0 $0
David Zislin (Vice President/Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,573,459
Expenses
$10,730,306
Net Income
-$3,156,847
Net Assets
$27,506,669
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,206,856
42.3%
Interest Revenue $6
0.0%
Dividends $858,722
11.3%
Sales of Assets $3,359,468
44.4%
Other Income $148,407
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,905,589
83.0%
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 $27,506,694
Total Liabilities $25
Net Assets $27,506,669
Compensation
Key Employees and Officers Compensation Other
Martin D Gruss (Co President) $0 $0
Audrey B Gruss (Co President) $0 $0
Bhash Lalta (Vice President/Secretary) $0 $0
Courtney Keemss (Assistant Secretary) $0 $0
David Zislin (Vice President/Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,144,328
Expenses
$50,304,733
Net Income
-$37,160,405
Net Assets
$30,663,515
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,175,105
24.2%
Interest Revenue $2,052
0.0%
Dividends $1,805,629
13.7%
Sales of Assets $6,554,902
49.9%
Other Income $1,606,640
12.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,003,422
93.4%
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 $30,663,516
Total Liabilities $1
Net Assets $30,663,515
Compensation
Key Employees and Officers Compensation Other
Martin D Gruss (Co President) $0 $0
Audrey B Gruss (Co President) $0 $0
Bhash Lalta (Vice President) $0 $0
Courtney Keemss (Assistant Secretary) $0 $0
David Zislin (Vice President) $0 $0

Document Links

Fiscal Year Ending Aug.
2019

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 Aug.
2018

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 Aug.
2017

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 Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,889,099
Expenses
$8,603,796
Net Income
-$3,714,697
Net Assets
$88,560,750
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26
0.0%
Dividends $1,086,637
22.2%
Sales of Assets $3,353,821
68.6%
Other Income $386,485
7.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,209,572
72.2%
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 $88,560,811
Total Liabilities $61
Net Assets $88,560,750

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,513,072
Expenses
$9,135,911
Net Income
-$3,622,839
Net Assets
$92,339,890
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40
0.0%
Dividends $1,788,174
32.4%
Sales of Assets $1,523,727
27.6%
Other Income $2,292,030
41.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,795,353
74.4%
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 $92,339,890
Total Liabilities $0
Net Assets $92,339,890

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,329,568
Expenses
$6,751,019
Net Income
$578,549
Net Assets
$95,962,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $44
0.0%
Dividends $1,229,771
16.8%
Sales of Assets $3,032,220
41.4%
Other Income $3,043,522
41.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,188,014
76.8%
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 $95,963,264
Total Liabilities $535
Net Assets $95,962,729

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,598,969
Expenses
$8,484,291
Net Income
$1,114,678
Net Assets
$95,384,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,593,661
27.0%
Interest Revenue $38
0.0%
Dividends $1,307,058
13.6%
Sales of Assets $5,762,753
60.0%
Other Income -$75,307
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,573,074
77.5%
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 $95,384,262
Total Liabilities $82
Net Assets $95,384,180

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,017,229
Expenses
$8,034,624
Net Income
$1,982,605
Net Assets
$94,269,502
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,070,575
40.6%
Interest Revenue $20
0.0%
Dividends $1,682,149
16.8%
Sales of Assets $3,905,770
39.0%
Other Income $346,634
3.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,041,281
75.2%
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 $94,269,502
Total Liabilities $0
Net Assets $94,269,502

Document Links

Fiscal Year Ending Aug.
2011

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 Aug.
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 Aug.
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

About This Data

What Is 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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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