Forsgate Foundation Inc
- Assets
- $25.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe Township, NJ
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 27-0067456
Organization Overview
Forsgate Foundation Inc is located in Monroe Township, NJ. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Forsgate 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, Forsgate Foundation Inc generated $136.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $132.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forsgate Foundation Inc has awarded 20 individual grants totaling $445,851. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROCEEDS FROM PROGRAM SERVICE REVENUES ARE USED TO SUPPORT LOCAL NOT-FOR-PROFIT CHARITIES IN SUPPORT OF THEIR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Schiavone Chairman & Trustee | 7.5 | $0 | |
Ronald A Schiavone Executive Dir. & Trustee | 7.5 | $0 | |
Lemia Marinelli Treasurer & Trustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,501 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,116 |
| Other Revenue | $497 |
| Total Revenue | $136,114 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,337 |
| Total expenses | $132,799 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,434 |
| Other assets | $0 |
| Total assets | $25,434 |
| Total liabilities | $25,838 |
| Net assets or fund balances | -$404 |
Grants Awarded
Over the last fiscal year, Forsgate Foundation Inc has awarded $203,316 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FEHERTY'S TROOPS FIRST FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $139,085 |
ANNIKA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $64,231 |