Richard M Fairbanks Foundation Inc
- Assets
- $343.1m
- Revenue
- $13.8m
- Investments
- $342.7m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/1987
- Data as of
- 12/2020
- 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 12/2020, Richard M Fairbanks Foundation Inc generated $13.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $21.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Richard M Fairbanks Foundation Inc has awarded 882 individual grants totaling $159,357,431. 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 Director | 1 | $0 | |
Emilyn Whitesell Dir Of Learning/eval | 40 | $137,113 | |
Kathryn Nielsen Sr Program Officer | 40 | $104,119 | |
Sarah Hawkins Sr Program Officer | 40 | $101,558 | |
Susan Luse Program Admin | 32 | $88,972 | |
Scott Semester Executive Assistant | 0 | $85,980 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rand Corporation | 12/30/21 | $144,063 |
Education Development Center | 12/30/21 | $193,162 |
Vox Global Llc | 12/30/21 | $246,881 |
Rti International | 12/30/21 | $384,784 |
Cambridge Associates | 12/30/21 | $785,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $356,091 |
| Dividends & Interest | $2,590,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,323,225 |
| Capital Gain Net Income | $9,385,075 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,512,575 |
| Total Revenue | $13,782,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $788,000 |
| Other employee salaries and wages | $771,616 |
| Pension plans, employee benefits | $410,922 |
| Interest | $252,684 |
| Taxes | $265,235 |
| Depreciation | $803,227 |
| Occupancy | $161,370 |
| Travel, conferences, and meetings | $27,357 |
| Printing and publications | $0 |
| Other expenses | $4,863,412 |
| Total operating and administrative expenses | $9,224,107 |
| Contributions, gifts, grants paid | $12,248,896 |
| Total expenses and disbursements | $21,473,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,429 |
| 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 | $10,674 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $313,351,599 |
| Net Land, buildings, and equipment | $195,578 |
| Other assets | $0 |
| Total assets | $343,052,565 |
| 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 $26,214,785 in support to 182 organizations.
| Grant Recipient | Amount |
|---|---|
NEWFIELDS PURPOSE: VIRGINIA B. FAIRBANKS ART & NATURE PARK | $6,000,000 |
Indianapolis, IN PURPOSE: EXPANSION OF SCIENCES CAPITAL PROJECT | $2,500,000 |
NEWFIELDS PURPOSE: VIRGINIA B. FAIRBANKS ART & NATURE PARK | $1,000,000 |
Indianapolis, IN PURPOSE: YOUTH APPRENTICESHIP MARION COUNTY PILOT AND STATEWIDE MASTER PLAN | $1,000,000 |
Indianapolis, IN PURPOSE: EXPANSION OF SCIENCES CAPITAL PROJECT | $1,000,000 |
Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |