Forsythe Family Foundation
- Assets
- $1.1m
- Revenue
- $3.6m
- Investments
- $967.8k
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 36-3814306
Organization Overview
Forsythe Family Foundation is located in Northfield, IL. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Forsythe Family 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 06/2023, Forsythe Family Foundation generated $3.6m in total revenue. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 158.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra C Forsythe Pres/treas | 0 | $0 | |
Mary C Forsythe Vice Pres | 0 | $0 | |
Louis S Harrison Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,743,548 |
| Interest on Savings | $16,266 |
| Dividends & Interest | $41,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,797,054 |
| Capital Gain Net Income | $1,797,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,792 |
| Total Revenue | $3,606,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81,052 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,015 |
| Total operating and administrative expenses | $104,517 |
| Contributions, gifts, grants paid | $2,200,000 |
| Total expenses and disbursements | $2,304,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,511 |
| 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 | $967,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,077,291 |
| 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, Forsythe Family Foundation has awarded $3,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MIAMI UNIVERSITY FOUNDATION PURPOSE: GENERAL CHARITABLE | $1,000,000 |
CHICAGO LIGHTHOUSE FOR THE BLIND PURPOSE: GENERAL CHARITABLE | $2,000,000 |