Thomas J & Ruth E Grimaldi Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Thomas J & Ruth E Grimaldi Foundation is a 501(c)(3) organization based in Bingham Farms, Michigan, registered in 1991, with $191,617 in FY2024 revenue. CharityIndex grades it C+.
30100 Telegraph Rd Ste 306, Bingham Farms, MI, 48025 EIN 38-2938393 Since 1991
Revenue (FY2024)
$192K
▲ 91.8% vs prior year
Expenses (FY2024)
$127K
Net assets
$1.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Thomas J & Ruth E Grimaldi Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating173 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Thomas J & Ruth E Grimaldi Foundation: 173 mo reserves · +34% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Thomas J & Ruth E Grimaldi Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Thomas J & Ruth E Grimaldi Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 30100 Telegraph Rd Ste 306, Bingham Farms, MI, 48025
- City
- Bingham Farms
- State
- Michigan
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $86K (FY2014) to $192K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.8M
Operating margin
33.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8M
Total liabilities
$0
Net assets
$1.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $191,617▲91.8% | $126,771▲13.3% | $1,831,624▲3.7% | $1,831,624▲3.7% | 990PF |
| 2023 | $99,904▼4.5% | $111,901▼1.1% | $1,766,778▼0.7% | $1,766,778▼0.7% | 990PF |
| 2022 | $104,642▼27.0% | $113,114▲10.0% | $1,778,775▼0.5% | $1,778,775▼0.5% | 990PF |
| 2021 | $143,388▲257% | $102,847▼17.8% | $1,787,247▲2.3% | $1,787,247▲2.3% | 990PF |
| 2020 | -$91,104▼177% | $125,184▲7.1% | $1,746,706▼11.0% | $1,746,706▼11.0% | 990PF |
| 2019 | $118,947▼46.1% | $116,847▼7.9% | $1,962,994▲0.1% | $1,962,994▲0.1% | 990PF |
| 2018 | $220,581▲180% | $126,894▼7.1% | $1,960,894▲5.0% | $1,960,894▲5.0% | 990PF |
| 2017 | $78,767▲43.9% | $136,551▲7.0% | $1,867,207▼3.0% | $1,867,207▼3.0% | 990PF |
| 2016 | $54,753▼41.3% | $127,643▲5.7% | $1,924,991▼3.6% | $1,924,991▼3.6% | 990PF |
| 2015 | $93,257▲7.9% | $120,707▲34.5% | $1,997,881▼1.4% | $1,997,881▼1.4% | 990PF |
| 2014 | $86,451 | $89,725 | $2,025,331 | $2,025,331 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Thomas J & Ruth E Grimaldi Foundation a legitimate nonprofit?
- Yes. Thomas J & Ruth E Grimaldi Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-2938393, based in Bingham Farms, Michigan. Donations are tax-deductible.
- What is Thomas J & Ruth E Grimaldi Foundation's EIN?
- Thomas J & Ruth E Grimaldi Foundation's Employer Identification Number (EIN) is 38-2938393.
- How much revenue does Thomas J & Ruth E Grimaldi Foundation report?
- Thomas J & Ruth E Grimaldi Foundation reported $191,617 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Thomas J & Ruth E Grimaldi Foundation have?
- CharityIndex grades Thomas J & Ruth E Grimaldi Foundation C+, based on financial health (reserves and operating margin).
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Data for Thomas J & Ruth E Grimaldi Foundation (EIN 38-2938393) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.