Richard M Fairbanks Foundation Inc
- Assets
- $373.3m
- Revenue
- $16.0m
- Investments
- $372.8m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 31-1189885
Organization Overview
Richard M Fairbanks Foundation Inc is located in Indianapolis, IN. The organization was established in 1987. 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. Richard M Fairbanks 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 12/2022, Richard M Fairbanks Foundation Inc generated $16.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $21.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Richard M Fairbanks Foundation Inc has awarded 1,054 individual grants totaling $194,892,201. 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 |
|---|---|---|---|
Name Not Listed CEO | 40 | $387,183 | |
Name Not Listed VP Of Programs | 40 | $245,910 | |
Name Not Listed CFO | 40 | $222,839 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Chairman | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Capital Partners | 12/30/22 | $535,000 |
Rti International | 12/30/22 | $360,469 |
Vox Global Llc | 12/30/22 | $138,478 |
Well Done Marketing | 12/30/22 | $135,150 |
Resultant Llc | 12/30/22 | $131,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $423,993 |
| Dividends & Interest | $3,672,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,484,086 |
| Capital Gain Net Income | $15,492,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,547,343 |
| Total Revenue | $16,032,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $942,124 |
| Other employee salaries and wages | $742,062 |
| Pension plans, employee benefits | $429,838 |
| Interest | $377,631 |
| Taxes | $402,163 |
| Depreciation | $576,624 |
| Occupancy | $166,032 |
| Travel, conferences, and meetings | $57,095 |
| Printing and publications | $0 |
| Other expenses | $5,141,730 |
| Total operating and administrative expenses | $9,627,782 |
| Contributions, gifts, grants paid | $12,195,116 |
| Total expenses and disbursements | $21,822,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,168 |
| Savings and temporary cash investments | $0 |
| 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 | $10,676 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $349,539,705 |
| Net Land, buildings, and equipment | $61,340 |
| Other assets | $0 |
| Total assets | $373,299,346 |
| 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, Richard M Fairbanks Foundation Inc has awarded $35,534,770 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
16 TECH COMMUNITY CORPORATION PURPOSE: GIFT HONORING MARILEE SPRINGER'S SERVICE | $5,000 |
500 FESTIVAL FOUNDATION PURPOSE: MATCHING GIFT DONATION | $750 |
ALZHEIMER'S ASSOCIATION PURPOSE: MATCHING GIFT DONATION | $3,000 |
ALL-OPTIONS INC PURPOSE: MATCHING GIFT DONATION | $750 |
AMERICAN CABARET THEATRE PURPOSE: MATCHING GIFT DONATION | $1,000 |
AMERICAN LIVES THEATRE PURPOSE: MATCHING GIFT DONATION | $100 |