Russell And Penny Fortune Foundation Inc
- Assets
- $4.7m
- Revenue
- $205.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 35-2041399
Organization Overview
Russell And Penny Fortune Foundation Inc is located in Zionsville, IN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell And Penny Fortune 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 12/2021, Russell And Penny Fortune Foundation Inc generated $205.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $312.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Russell And Penny Fortune Foundation Inc has awarded 25 individual grants totaling $1,219,698. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Fortune III Chairman | 0.5 | $0 | |
Penny Fortune Director | 0.5 | $0 | |
Paul Lindemann Secretary | 0.5 | $0 | |
William C Metzger Director | 0.5 | $0 | |
Marc A Hetzner Director | 0.5 | $0 | |
James P Fadely Executive Director | 0.5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,185 |
| Dividends & Interest | $142,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,598 |
| Capital Gain Net Income | $61,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $688 |
| Total operating and administrative expenses | $65,731 |
| Contributions, gifts, grants paid | $246,722 |
| Total expenses and disbursements | $312,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,930 |
| Savings and temporary cash investments | $269,172 |
| 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 | $4,729,613 |
| 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, Russell And Penny Fortune Foundation Inc has awarded $246,722 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL HIGH SCHOOL PURPOSE: EDUCATION | $63,060 |
BREBEUF PREPARATORY SCHOOL INC PURPOSE: EDUCATION | $74,200 |
INTERNATIONAL SCHOOL OF INDIANA PURPOSE: EDUCATION | $85,262 |
PARK TUDOR FOUNDATION INC PURPOSE: EDUCATION | $24,200 |