Fossil Foundation
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 46-1120769
Organization Overview
Fossil Foundation is located in Richardson, TX. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. Fossil 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 12/2022, Fossil Foundation generated $1.4m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2022.
Since 2020, Fossil Foundation has awarded 87 individual grants totaling $4,470,785. 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 |
|---|---|---|---|
Kara Devita Director | 8 | $0 | |
Randy Belcher President | 2 | $0 | |
Himanshu Dhiman Director | 1 | $0 | |
Steve Evans Vice President | 1 | $0 | |
Rasheed Shroff Director | 1 | $0 | |
Anna Studzinska Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,396,084 |
| Interest on Savings | $17,143 |
| Dividends & Interest | $0 |
| 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 | $393 |
| Total Revenue | $1,413,620 |
| 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 | $42,364 |
| Contributions, gifts, grants paid | $1,225,313 |
| Total expenses and disbursements | $1,267,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,368 |
| Savings and temporary cash investments | $1,134,684 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $642,902 |
| 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 | $2,359,954 |
| Accounts payable and accrued expenses | $873 |
| Grants payable | $80,000 |
| 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 | $80,873 |
Grants Awarded
Over the last fiscal year, Fossil Foundation has awarded $1,225,313 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD CENTRAL KITCHEN INCORPORATED PURPOSE: EMERGENCY RELIEF IN UKRAINE | $10,000 |
COOPERATIVE FOR ASSISTANCE AND RELIEF PURPOSE: EMERGENCY RELIEF IN UKRAINE | $15,000 |
FRIENDS INTERNATIONAL INC PURPOSE: SUPPORT THE DELIVERY AND SCALING OF THE FUTURES EMPLOYMENT PROGRAM AND DEVELOP A DESIGN INCUBATION P | $100,000 |
THE NUDGE FOUNDATION PURPOSE: SUPPORT FUTURE PERFECT A SERVICESECTOR EMPLOYABILITY PROGRAM WHICH WORKS WITH UNEMPLOYED AND UNDER | $50,000 |
KING BAUDOUIN FOUNDATION UNITED STA (AFRICAN VISIONARY FUND) PURPOSE: SUPPORT AVF IN ITS WORK TO DRIVE EQUITABLE FUNDING TO PROXIMATE AFRICAN VISIONARIES DEEPEN ITS FOCU | $300,000 |
KING BAUDOUIN FOUNDATION UNITED STA (AKIRACHIX) PURPOSE: SUPPORTING AKIRACHIX ASSOCIATION TEACHING UNDERSERVED GIRLS TO CODE | $30,000 |