Fant Foundation
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $933.2k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 76-0443413
Organization Overview
Fant Foundation is located in Houston, TX. The organization was established in 1995. 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. Fant 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, Fant Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fant Foundation has awarded 41 individual grants totaling $3,080,165. 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 FANT FOUNDATION WAS FORMED TO PROVIDE SUPPORT AND ASSISTANCE TO IMPOVERISHED, DISTRESSED AND DISADVANTAGED INDIVIDUALS AND FAMILIES WHO SEEK TO IMPROVE THEIR PRESENT LIVING CONDITIONS. IN ORDER TO ACCOMPLISH THIS CHARITABLE PURPOSE, THE FOUNDATION MAINTAINS DIRECT AND SIGNIFICANT INVOLVEMENT IN PROVIDING RELIEF TO THESE PERSONS BY SUPPLYING FOOD, CLOTHING, MONEY, TRANSPORTATION, GUIDANCE, GENERAL COUNSELING AND OTHER NECESSARY GOODS OR SERVICES THROUGH DIRECT ACTIVE CONDUCT, WITHOUT THE ASSISTANCE OF AN INTERVENING ORGANIZATION OR AGENCY. (CONTINUED ON ACTIVITY TWO.)
THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE HUMANITARIAN SERVICES, IN-KIND ASSISTANCE AND FINANCIAL SUPPORT TO SELECTED RECIPIENTS WHO DEMONSTRATE A WILLINGNESS AND DESIRE TO IMPROVE THEIR ECONOMIC LIVING CONDITIONS, BUT ARE INCAPABLE DUE TO THEIR ECONOMIC, MENTAL OR PHYSICAL LIMITATIONS OR CIRCUMSTANCES. THESE RECIPIENTS MAY, OR MAY NOT, OTHERWISE QUALIFY FOR OR RECEIVE ASSISTANCE FROM OTHER ORGANIZATIONS OR AGENCIES. ON OCCASION THE FOUNDATION MAY PROVIDE TEMPORARY RELIEF IN THE FORM OF FOOD, CLOTHING AND OTHER ESSENTIAL GOODS TO PERSONS IN AREAS STRICKEN BY NATURAL DISASTERS. DURING 2022, THE DIRECT CHARITABLE ACTIVITIES OF THE FOUNDATION WERE FOCUSED PRIMARILY ON IMPOVERISHED, INDIGENT, DISTRESSED AND DISADVANTAGED PERSONS LIVING IN TEXAS. (CONTINUED ON ACTIVITY THREE.)
RECIPIENTS WERE IDENTIFIED AND SCREENED BY THE FOUNDATION BASED UPON SPECIFIC INFORMATION GATHERED DURING RESEARCH, FIELD WORK AND FROM SUPPORT APPLICATIONS OR RECOMMENDATIONS MADE BY OTHER ORGANIZATIONS AND AGENCIES. THE EXISTING LIVING CONDITIONS OF THE RECIPIENTS WERE ASSESSED BY THE FOUNDATION IN LIGHT OF THE RECIPIENT'S SPECIFIC ECONOMIC, MENTAL OR PHYSICAL LIMITATIONS AND CIRCUMSTANCES. DETERMINATIONS REGARDING THE SELECTION OF THE RECIPIENTS AND SUPPORT AWARDED DURING 2022 WERE MADE BY THE FOUNDATION'S BOARD BASED UPON FOUNDATION MANAGER RECOMMENDATIONS AND REPORTS REGARDING EACH RECIPIENT'S SPECIFIC CIRCUMSTANCES AND LEVEL OF NEED. THROUGH ON-GOING FOLLOW UP, THE SPECIFIC CONDITIONS OF THE RECIPIENTS ARE MONITORED AND RECORDED. BASED UPON THIS INFORMATION, DECISIONS REGARDING APPROPRIATE LEVELS OF CONTINUED SUPPORT ARE MADE BY THE FOUNDATION'S BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Fant Co New Process Steel Vice President | 2 | $0 | |
Stephen Swan Co New Process Steel Treasurer/secretary | 2 | $0 | |
Richard E Fant Co New Process Steel President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,083,329 |
| Interest on Savings | $273 |
| Dividends & Interest | $16,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,508 |
| Capital Gain Net Income | $30,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $1,130,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $9,108 |
| Contributions, gifts, grants paid | $1,474,200 |
| Total expenses and disbursements | $1,483,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,312 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| 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 | $189,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,500 |
| Total assets | $1,582,986 |
| 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, Fant Foundation has awarded $1,474,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON CHILDREN'S CHARITY PURPOSE: PUBLIC CHARITY | $372,000 |
MELISSA SEHIC PURPOSE: EDUCATION | $15,000 |
HOUSTON PET SET PURPOSE: PUBLIC CHARITY | $10,000 |
UPBRING PURPOSE: PUBLIC CHARITY | $207,200 |
THE OTHER ONES FOUNDATION PURPOSE: PUBLIC CHARITY | $100,000 |
UNITED WAY OF GREATER HOUSTON PURPOSE: PUBLIC CHARITY | $612,000 |