Further Foundation
- Assets
- $3.5m
- Revenue
- $161.1k
- Investments
- $2.7m
- Employees
- 563
- Location
- Wilmington, DE
- Founding
- 08/1994
- Data as of
- 06/2021
- EIN
- 47-0772447
Organization Overview
Further Foundation is located in Wilmington, DE. The organization was established in 1994. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2021, Further Foundation employed 563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Further 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 06/2021, Further Foundation generated $161.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (55.4%) each year. All expenses for the organization totaled $253.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (51.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN & ADULTS WITH DEVELOPMENTAL DISABILITIES GAIN SKILLS, KNOWLEDGE, & EXPERIENCE TO FUNCTION IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND TRAINING TO DEVELOPMENTALLY IMPAIRED CHILDREN AND ADULTS TO GAIN SKILLS AND KNOWLEDGE TO FUNCTION IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Kanter Dir, Pres | 2 | $0 | |
Nathan Lore Dir | 0 | $0 | |
James Hamilton Treas, Dir | 0 | $0 | |
Sam Manzitto Sr VP | 0 | $0 | |
Tiffany Schnittker Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,135 |
| Dividends & Interest | $41,900 |
| Net Rental Income | $67,553 |
| Net Gain on Sale of Assets | $7,249 |
| Capital Gain Net Income | $7,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $161,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,244 |
| Depreciation | $42,290 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,632 |
| Total operating and administrative expenses | $87,304 |
| Contributions, gifts, grants paid | $166,400 |
| Total expenses and disbursements | $253,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $201,044 |
| 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 | $673,301 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,535,155 |
| Accounts payable and accrued expenses | $7,032 |
| 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 | $7,032 |
Grants Awarded
Over the last fiscal year, Further Foundation has awarded $166,400 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: PROJECT RESET | $48,000 |
BOYS & GIRLS CLUBS OF LINCOLN LANCASTER COUNTY PURPOSE: BOYS AND GIRLS CLUB WORKFORCE & TECHNOLOGY CENTER | $26,500 |
Lincoln, NE PURPOSE: DSP TALENT ACQUISITION PROGRAM | $25,850 |
Omaha, NE PURPOSE: HOME OWNERS MAINTENANCE EDUCATION (HOME) PROGRAM | $17,700 |
INTERNATIONAL COUNCIL FOR REFUGEES AND IMMIGRANTS PURPOSE: REFUGEE CAREER PATHWAYS PROGRAM | $13,250 |
INTERNATIONAL COUNCIL FOR REFUGEES AND IMMIGRANTS PURPOSE: REFUGEE EDUCATIONAL APPROACH TO COMMUNITY HEALTH (REACH) PROGRAM | $13,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Legacy Treatment Services Inc Hainesport, NJ | $58,670,523 | $58,315,039 |
Chimes Inc Baltimore, MD | $17,905,656 | $38,162,617 |
Horizon House Development Service Inc Philadelphia, PA | $8,157,409 | $30,701,398 |
Good Shepherd Long-Term Care Facility Allentown, PA | $41,130,787 | $25,803,983 |
Verland Foundation Inc Sewickley, PA | $17,047,927 | $25,716,770 |
Bonnie Brae Liberty Corner, NJ | $54,776,658 | $31,704,882 |
Richcroft Inc Hunt Valley, MD | $21,664,023 | $27,238,317 |
Bello Machre Inc Glen Burnie, MD | $33,901,004 | $23,667,425 |
Alternatives Inc Raritan, NJ | $8,673,823 | $21,240,793 |
Our House Inc Murray Hill, NJ | $16,777,896 | $19,476,293 |
Verland Cla Sewickley, PA | $13,179,634 | $19,325,762 |