Fairfax Foundation
- Assets
- $5.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 34-1553708
Organization Overview
Fairfax Foundation is located in Chagrin Falls, OH. The organization was established in 1990. 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. Fairfax 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, Fairfax Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $91.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fairfax Foundation has awarded 58 individual grants totaling $452,202. 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 |
|---|---|---|---|
Martine V Conway Trustee | 2 | $0 | |
Joe Latona Trustee | 2 | $0 | |
Joseph Juster Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,470,589 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,616 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,031,103 |
| Total Revenue | $3,601,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,234 |
| Contributions, gifts, grants paid | $76,600 |
| Total expenses and disbursements | $91,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,041,669 |
| 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 | $291 |
| Total assets | $5,041,960 |
| 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, Fairfax Foundation has awarded $76,600 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARDEN COURT PROMEDICA MEMORY CARE FUND PURPOSE: GENERAL | $13,000 |
GRIEF SUPPORT NETWORK PURPOSE: GENERAL | $5,000 |
MICHAEL J FOX FOUNDATION PURPOSE: GENERAL | $2,500 |
HATHAWAY BROWN SCHOOL PURPOSE: GENERAL | $10,000 |
TREES WATER & PEOPLE PURPOSE: GENERAL | $10,000 |
URBAN COMMUNITY SCHOOL PURPOSE: GENERAL | $10,000 |