Forman Fam Foundation Tr 12112013
- Assets
- $54.9m
- Revenue
- $58.2k
- Investments
- $44.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 38-7106076
Organization Overview
Forman Fam Foundation Tr 12112013 is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Forman Fam Foundation Tr 12112013 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, Forman Fam Foundation Tr 12112013 generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forman Fam Foundation Tr 12112013 has awarded 185 individual grants totaling $34,471,750. 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 |
|---|---|---|---|
Thomas Trala Treasurer/secretary | 10 | $79,057 | |
Michael C Forman Trustee | 1 | $0 | |
Jennifer S Rice Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $58,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$361 |
| Capital Gain Net Income | $2,622,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,057 |
| Other employee salaries and wages | $49,468 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $357 |
| Total operating and administrative expenses | $206,704 |
| Contributions, gifts, grants paid | $3,157,333 |
| Total expenses and disbursements | $3,364,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,310,522 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $15,425 |
| 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 | $26,129,830 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,933,768 |
| Accounts payable and accrued expenses | $203,859 |
| Grants payable | $696,000 |
| 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 | $899,859 |
Grants Awarded
Over the last fiscal year, Forman Fam Foundation Tr 12112013 has awarded $3,157,333 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
FORMAN ARTS INITIATIVE PURPOSE: GRANT TO FAI FOR ARTWORKS INITIATIVE | $685,000 |
Philadelphia, PA PURPOSE: ENDOWMENT SUPPORT OF IT STARTS HERE:CAMPAIGN FOR THE PHILADELPHIA MUSEUM OF ART (INSTALLMENT 4 OF 5) | $500,000 |
COBBS CREEK RESTR & COMM FNDN PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION WHICH IS TO CREATE AN ALL-INCLUSIVE, STATE-OF-THE-ART GOLF CAMPUS THAT UNITES COMMUNITIES AND EDUCATES AND SHAPES THE LEADERS OF TOMORROW. | $333,333 |
Philadelphia, PA PURPOSE: SUPPORT OF THE PHILADELPHIA EQUITY ALLIANCE FUND | $250,000 |
Wynnewood, PA PURPOSE: SHALLCROSS REIMAGINED CAMPAIGN | $200,000 |
Philadelphia, PA PURPOSE: VETRI COMMUNITY PARTNERSHIP PLEDGE | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |