Stephen & Karla Forgiel Charitable Foundation
- Assets
- $646.7k
- Revenue
- $46.9k
- Investments
- $638.3k
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-4911066
Organization Overview
Stephen & Karla Forgiel Charitable Foundation is located in Waltham, MA. The organization was established in 2014. 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. Stephen & Karla Forgiel Charitable 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, Stephen & Karla Forgiel Charitable Foundation generated $46.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.6% each year .
Since 2016, Stephen & Karla Forgiel Charitable Foundation has awarded 20 individual grants totaling $223,473. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $388 |
| Dividends & Interest | $27,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,217 |
| Capital Gain Net Income | $1,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $781 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,274 |
| Total operating and administrative expenses | $11,334 |
| Contributions, gifts, grants paid | $47,500 |
| Total expenses and disbursements | $58,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501 |
| Savings and temporary cash investments | $7,856 |
| 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 | $638,299 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $646,656 |
| 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, Stephen & Karla Forgiel Charitable Foundation has awarded $47,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FISHER HOUSE FOUNDATION INC PURPOSE: SUPPORT MILITARY VETERANS | $10,000 |
NAMI OF MASSACHUSETTS PURPOSE: MENTAL ILLNESS SERVICES. | $10,000 |
HOMES FOR OUR TROOPS INC PURPOSE: HOUSING FOR VETERANS. | $10,000 |
PROJECT NEW HOPE INC PURPOSE: SUPPORT MILITARY VETERANS | $10,000 |
MOHAWKS CORP PURPOSE: SUPPORT MILITARY VETERANS | $7,500 |