Fitsen Inc
- Assets
- $89.3k
- Revenue
- $54.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, OR
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-5534530
Organization Overview
Fitsen Inc is located in Medford, OR. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Fitsen Inc 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, Fitsen Inc generated $54.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $47.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fitsen Inc has awarded 25 individual grants totaling $181,240. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Giblin President | 5 | $0 | |
Julie Giblin Vice President | 5 | $0 | |
William Mengershausen Treasurer | 10 | $0 | |
Katie Schutz Vice President | 5 | $0 | |
Karolyn Mengershausen Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,391 |
| 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 | $0 |
| Total Revenue | $54,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $866 |
| Contributions, gifts, grants paid | $46,952 |
| Total expenses and disbursements | $47,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,324 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,324 |
| 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, Fitsen Inc has awarded $46,952 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: SCHOLARSHIP | $14,500 |
JON BETZ PURPOSE: SCHOLARSHIP | $10,952 |
WESTERN MENNONITE CHRISTIAN SCHOOL PURPOSE: SCHOLARSHIP | $10,000 |
LOANN HWANG PURPOSE: MINISTRY SUPPORTFOR EMERY COLLEGE | $6,500 |
BRAD AND MICHELLE BATTLES PURPOSE: TRANSPORT FOR MEDICAL CARE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |
Rodan & Fields Prescription For Change Foundation San Francisco, CA | $4,001,646 | $2,863,722 |
Mz Foundation San Francisco, CA | $44,105,186 | $1,119,650 |
Northridge Hospital Foundation Northridge, CA | $34,105,593 | $7,650,276 |
Ares Charitable Foundation Los Angeles, CA | $1,939,560 | $4,941,400 |
Kickstart-International Inc San Francisco, CA | $2,914,989 | $3,617,349 |
University Of Guadalajara Foundation In The United States Of Los Angeles, CA | $8,274,391 | $1,984,726 |
Saddleback Memorial Foundation Laguna Hills, CA | $173,885,184 | $12,310,516 |