Freeman E Fairfield Foundation
- Assets
- $2.3m
- Revenue
- $594.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/1970
- Data as of
- 12/2021
- EIN
- 23-7055338
Organization Overview
Freeman E Fairfield Foundation is located in Long Beach, CA. The organization was established in 1970. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman E Fairfield Foundation 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 12/2021, Freeman E Fairfield Foundation generated $594.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $145.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Freeman E Fairfield Foundation has awarded 53 individual grants totaling $424,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul W Mceachern Trustee | 2 | $15,000 | |
Gary J Tucker Trustee | 6 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $41,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,947 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,023 |
| Total Revenue | $594,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $5,100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,285 |
| Total operating and administrative expenses | $58,054 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $145,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,822 |
| Savings and temporary cash investments | $126,493 |
| 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 | $533 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,132,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,260,923 |
| 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, Freeman E Fairfield Foundation has awarded $87,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MEALS ON WHEELS PURPOSE: CHARITABLE | $18,000 |
Valencia, CA PURPOSE: CHARITABLE | $18,000 |
FOOD FINDERS PURPOSE: CHARITABLE | $10,000 |
THE EDWIN & DOROTHY BAKER FD PURPOSE: CHARITABLE | $10,000 |
PATHWAYS PURPOSE: CHARITABLE | $8,000 |
Long Beach, CA PURPOSE: CHARITABLE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Fair Assn Fairgrounds Pomona, CA | $119,881,793 | $57,689,315 |
Alameda County Agricultural Fair Association Pleasanton, CA | $25,128,920 | $22,272,124 |
San Mateo County Expostion And Fair Association San Mateo, CA | $12,291,623 | $16,007,611 |
San Diego Comic Convention San Diego, CA | $43,401,363 | $7,260,590 |
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |