Forster-Connolly Foundation
- Assets
- $22.2m
- Revenue
- $2.2m
- Investments
- $20.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5749133
Organization Overview
Forster-Connolly Foundation is located in Washington, DC. The organization was established in 2014. 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. Forster-Connolly 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 12/2021, Forster-Connolly Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Forster-Connolly Foundation has awarded 40 individual grants totaling $4,140,850. 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 |
|---|---|---|---|
Peter C Forster Director | 0.5 | $0 | |
Catherine Forster-Connolly Director | 0.5 | $0 | |
Elizabeth D Forster Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,715 |
| Interest on Savings | $97,324 |
| Dividends & Interest | $615,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,460,447 |
| Capital Gain Net Income | $1,460,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,182,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230 |
| Total operating and administrative expenses | $138,140 |
| Contributions, gifts, grants paid | $2,355,850 |
| Total expenses and disbursements | $2,493,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,496,880 |
| Savings and temporary cash investments | $0 |
| 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 | $20,679,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,176,106 |
| 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, Forster-Connolly Foundation has awarded $2,355,850 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Sherman, TX PURPOSE: CHARITABLE | $500,000 |
Washington, DC PURPOSE: CHARITABLE | $250,000 |
BOSTON COLLEGE PURPOSE: CHARITABLE | $150,000 |
Newtonville, MA PURPOSE: CHARITABLE | $150,000 |
GRAND TETON NATIONAL PARK FOUNDATION PURPOSE: CHARITABLE | $150,000 |
ELIZABETH SETON HIGH SCHOOL PURPOSE: CHARITABLE | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
Target Community & Educational Services Inc Westminster, MD | $11,202,014 | $11,395,481 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
North American Securities Administrators Association Inc Washington, DC | $25,487,836 | $12,337,192 |