Forney Family Foundation Inc
- Assets
- $208.5k
- Revenue
- $58.7k
- Investments
- $146.2k
- Employees
- 0
- Location
- Unionville, PA
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 23-7079172
Organization Overview
Forney Family Foundation Inc is located in Unionville, PA. The organization was established in 1971. 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. Forney Family 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 12/2021, Forney Family Foundation Inc generated $58.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $163.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Forney Family Foundation Inc has awarded 362 individual grants totaling $1,396,112. 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 |
|---|---|---|---|
Gerald Glenn Forney Treasurer Secretary | 2 | $0 | |
Barbara Dale Forney President | 1 | $0 | |
Marilyn G Forney Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,357 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,793 |
| Capital Gain Net Income | $27,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $68 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,075 |
| Contributions, gifts, grants paid | $162,086 |
| Total expenses and disbursements | $163,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,193 |
| Savings and temporary cash investments | $2,153 |
| 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 | $208,501 |
| 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, Forney Family Foundation Inc has awarded $162,086 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
Unionville, PA PURPOSE: GENERAL OPERATING SUPPOT | $20,100 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL OPERATING EXPENSES. | $16,076 |
FAITH LUTHERAN CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Unionville, PA PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
KENNETT SCHOOL DISTRICT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BRANDYWINE CONSERVANCY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |