George C Forsythe Family Foundation
- Assets
- $1.2m
- Revenue
- $192.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 59-3087638
Organization Overview
George C Forsythe Family Foundation is located in Lakeland, FL. The organization was established in 1991. 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. George C Forsythe Family 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 12/2022, George C Forsythe Family Foundation generated $192.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $251.2k during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, George C Forsythe Family Foundation has awarded 38 individual grants totaling $568,905. 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 |
|---|---|---|---|
William E Gregory President | 5 | $0 | |
Melody A Gregory Vice President | 1 | $0 | |
John T Hebert Executive Director | 25 | $13,164 | |
K Mac Bracewell Jr Director | 1 | $0 | |
Janice T Jones Treasurer/ Secretary | 1 | $0 | |
Erin Phillips Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $112,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,970 |
| Capital Gain Net Income | $79,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $192,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,164 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,600 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $934 |
| Total operating and administrative expenses | $21,747 |
| Contributions, gifts, grants paid | $229,500 |
| Total expenses and disbursements | $251,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,662 |
| 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 | $1,249,348 |
| 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 | $879 |
| Total liabilities | $879 |
Grants Awarded
Over the last fiscal year, George C Forsythe Family Foundation has awarded $229,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT ACADEMY PURPOSE: SUPPORT OF SPECIAL NEEDS CHARTER SCHOOL OPERATIONS | $7,500 |
TAMPA METROPOLITAN YOUTH ORCHESTRA PURPOSE: YOUTH ORCHESTRA OPERATIONAL SUPPORT | $10,000 |
JASMYN PURPOSE: JACKSONVILLE AREA SEXUAL MINORITY YOUTH NETWORK OPERATIONAL SUPPORT | $2,000 |
BOYS & GIRLS CLUB OF THE PLATEAU PURPOSE: TO SUPPORT GENERAL OPERATIONS | $200,000 |
VISTE PURPOSE: IN SUPPORT OF PROGRAMS THAT ENABLE ELDERLY PERSONS TO CONTINUE LIVING INDEPENDENTLY | $10,000 |