Strong Foundation Inc
- Assets
- $402.0
- Revenue
- $6.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 03/1996
- Data as of
- 07/2024
- EIN
- 59-3214169
Organization Overview
Strong Foundation Inc is located in Clearwater, FL. The organization was established in 1996. 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. Strong Foundation 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 07/2024, Strong Foundation Inc generated $6.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (39.0%) each year. All expenses for the organization totaled $435.1k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Strong Foundation Inc has awarded 112 individual grants totaling $2,543,027. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDS TO CHARITABLE ORGANIZATIONS WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Randall Davis Pres/treas | 1 | $0 | |
Patricia M Davis Vp/secy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60 |
| Interest on Savings | $6,038 |
| Dividends & Interest | $0 |
| 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 | $6,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,149 |
| Contributions, gifts, grants paid | $434,000 |
| Total expenses and disbursements | $435,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $402 |
| 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 | $402 |
| 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, Strong Foundation Inc has awarded $434,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY CHURCH PURPOSE: OPERATIONAL FUNDS | $214,000 |
CALVARY CHRISTIAN HIGH SCHOOL PURPOSE: OPERATIONAL FUNDS | $16,000 |
DOCTORS WITHOUT BORDERS PURPOSE: OPERATIONAL FUNDS | $8,000 |
FAMILY FIRST PURPOSE: OPERATIONAL FUNDS | $17,000 |
FIRST LIBERTY PURPOSE: OPERATIONAL FUNDS | $27,000 |
HABITAT FOR HUMANITY PURPOSE: OPERATIONAL FUNDS | $45,000 |