Forst Foundation
- Assets
- $12.0m
- Revenue
- $1.2m
- Investments
- $10.5m
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 06/1993
- Data as of
- 12/2023
- EIN
- 23-7685957
Organization Overview
Forst Foundation is located in Fort Washington, PA. The organization was established in 1993. 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. Forst 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 12/2023, Forst Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $584.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forst Foundation has awarded 1,146 individual grants totaling $3,277,654. 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 |
|---|---|---|---|
Karen O'neill Trustee | 1 | $0 | |
Thomas Forst Trustee | 1 | $0 | |
Harry Forst Board Member/account Supervisor | 1 | $0 | |
Tina Forst Board Member | 1 | $0 | |
Kelly Miller Board Member/admin Assistant | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $833,968 |
| Interest on Savings | $0 |
| Dividends & Interest | $307,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,894 |
| Capital Gain Net Income | $10,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,152,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,564 |
| Contributions, gifts, grants paid | $535,885 |
| Total expenses and disbursements | $584,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,479,918 |
| 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 | $11,981,432 |
| 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, Forst Foundation has awarded $535,885 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
18 DEGREES PURPOSE: OPERATING SUPPORT | $1,000 |
1960 COMMUNITY HOPE CENTER PURPOSE: OPERATING SUPPORT | $1,000 |
ABINGTON EDUCATION FOUNDATION PURPOSE: OPERATING SUPPORT | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: OPERATING SUPPORT | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: OPERATING SUPPORT | $10,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: OPERATING SUPPORT | $250 |