The Fortin Foundation Of Florida Inc
- Assets
- $32.3m
- Revenue
- $2.6m
- Investments
- $29.9m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 59-2707197
Organization Overview
The Fortin Foundation Of Florida Inc is located in Palm Beach, FL. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fortin Foundation Of Florida 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, Fortin Foundation Of Florida Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Fortin Foundation Of Florida Inc has awarded 71 individual grants totaling $2,151,175. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION DOES NOT PERFORM CHARITABLE ACTIVITIES OTHER THAN DIRECT CONTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 20 | $180,000 | |
Name Not Listed President | 20 | $210,000 | |
Name Not Listed V. Pres/secretary | 20 | $195,000 | |
Name Not Listed Officer | 20 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $243 |
| Dividends & Interest | $1,602,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,815 |
| Capital Gain Net Income | $307,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $730,205 |
| Total Revenue | $2,640,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $595,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,643 |
| Interest | $14 |
| Taxes | $99,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $134,427 |
| Total operating and administrative expenses | $1,063,568 |
| Contributions, gifts, grants paid | $2,151,175 |
| Total expenses and disbursements | $3,214,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,383,223 |
| 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 | $6,509,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,277,376 |
| 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, The Fortin Foundation Of Florida Inc has awarded $2,151,175 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S COMMUNITY CARE PURPOSE: GENERAL PROGRAM SUPPORT | $20,000 |
ADOPT-A-FAMILY OF PALM BEACH INC PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
BASCOM PALMER EYE INSTITUTEUNIVERSITY OF MIAMI PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
BIG BROTHERS & BIG SISTERS OF CENTRAL MONTANA PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
BIG BROTHERS & BIG SISTERS OF YELLOWSTONE COUNTY PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
BILLINGS CATHOLIC SCHOOLS PURPOSE: GENERAL PROGRAM SUPPORT | $30,000 |