Forbes Kirkside Foundation Inc
- Assets
- $798.4k
- Revenue
- $20.0k
- Investments
- $604.9k
- Employees
- 0
- Location
- Westborough, MA
- Founding
- 08/1968
- Data as of
- 12/2023
- EIN
- 04-2311010
Organization Overview
Forbes Kirkside Foundation Inc is located in Westborough, MA. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forbes Kirkside Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Forbes Kirkside Foundation Inc generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $59.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forbes Kirkside Foundation Inc has awarded 262 individual grants totaling $443,792. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND PAYMENTS MADE TO OR ON BEHALF OF INDIVIDUALS AND FAMILIES WHO ARE RESIDENTS OF WESTBOROUGH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Henry President | 1 | $0 | |
Justin Lundberg Clerk | 1 | $0 | |
Justin Lundberg Treasurer | 1 | $0 | |
Stephen Henry Vice President | 1 | $0 | |
Stephanie Borgia-Lundberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $138 |
| Other expenses | $3,902 |
| Total operating and administrative expenses | $9,530 |
| Contributions, gifts, grants paid | $49,698 |
| Total expenses and disbursements | $59,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,114 |
| Savings and temporary cash investments | $183,302 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $604,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $798,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Forbes Kirkside Foundation Inc has awarded $49,698 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
1000 AND UNDER PURPOSE: FINANCIAL SUPPORT | $15,730 |
ALEXANDER ROCHA AND KELEN FARARI PURPOSE: FINANCIAL SUPPORT | $4,840 |
ABNER GOMEZ PURPOSE: FINANCIAL SUPPORTFINANCIAL SUPPORT | $1,981 |
BEN MBUGUA PURPOSE: FINANCIAL SUPPORT | $2,000 |
BRANDON HONTZ PURPOSE: FINANCIAL SUPPORT | $1,104 |
CARMINE REPETTO PURPOSE: FINANCIAL SUPPORT | $1,300 |