The Fortin Foundation Inc
- Assets
- $9.6m
- Revenue
- $2.6m
- Investments
- $9.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 20-0474577
Organization Overview
The Fortin Foundation Inc is located in Wilmington, DE. The organization was established in 2004. 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. Fortin 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, Fortin Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $386.0k during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fortin Foundation Inc has awarded 83 individual grants totaling $767,050. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Fortin Sec, Dir | 1 | $0 | |
Dilcia Fortin Board Member | 1 | $0 | |
Michael Fortin Dir | 1 | $0 | |
Virginia C Fortin Chairman Of The Board | 1 | $0 | |
Wayne J Fortin Treas, Vp, Dir | 1 | $0 | |
Janine Sadoski Pres, Dir | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,253,967 |
| Interest on Savings | $13,495 |
| Dividends & Interest | $208,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,754 |
| Capital Gain Net Income | $136,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,609,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,228 |
| Total operating and administrative expenses | $109,145 |
| Contributions, gifts, grants paid | $276,900 |
| Total expenses and disbursements | $386,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $437,259 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,612,650 |
| 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, The Fortin Foundation Inc has awarded $276,900 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ANGEL CHARITABLE CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BOYS & GIRLS CLUB OF THE LOWER NAUGATUCK VALLEY PURPOSE: THE FORTIN SCHOLARSHIP FUND | $10,000 |
CARDINAL SHEHAN CENTER PURPOSE: GENERAL & UNRESTRICTED | $4,500 |
CHILDRENS OPEN CHARITABLE TRUST INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
FARMINGTON RIVER WATERSHED ASSOCIATION INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |