Arthur B Fairman Charitable Trust
- Assets
- $2.4m
- Revenue
- $220.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Inverness, FL
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-4108732
Organization Overview
Arthur B Fairman Charitable Trust is located in Inverness, FL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arthur B Fairman Charitable Trust 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 06/2022, Arthur B Fairman Charitable Trust generated $220.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $280.0k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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 2016, Arthur B Fairman Charitable Trust has awarded 162 individual grants totaling $1,221,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $51,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,867 |
| Capital Gain Net Income | $167,867 |
| Net ST Capital Gain | $167,867 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $709 |
| Total Revenue | $219,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,341 |
| Total operating and administrative expenses | $140,954 |
| Contributions, gifts, grants paid | $139,000 |
| Total expenses and disbursements | $279,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,110 |
| Savings and temporary cash investments | $73,047 |
| 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 | $2,410,537 |
| 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, Arthur B Fairman Charitable Trust has awarded $139,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB PURPOSE: IMPROVE QUALITY OFLIFE FOR CHILDRENAND FAMILIES | $10,000 |
PHIL ROYAL LEGACY PURPOSE: CHILD ADVOCACY | $6,000 |
FILTER FAMILY SOLUTIONS PURPOSE: YOUTH PROGRAMS | $10,000 |
THE PATH OF CITRUS COUNTY PURPOSE: LOCAL HOMELESSCOMMUNITYREHABILIATION | $5,000 |
EMERALD M THERAPEUTIC RIDING CENTER PURPOSE: LOCAL CHARITABLEPURPOSES | $5,000 |
ASPIRE INC PURPOSE: EDUCATION FORHEALTHY RELATIONSHIPS | $5,000 |