Fontaine Family Foundation Inc
- Assets
- $0.0
- Revenue
- $507.2k
- Investments
- $7.8m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3526363
Organization Overview
Fontaine Family Foundation Inc is located in Chattanooga, TN. The organization was established in 2016. 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. Fontaine Family 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 12/2021, Fontaine Family Foundation Inc generated $507.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $658.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Fontaine President | 1 | $0 | |
Coy Martin Secretary | 1 | $0 | |
Brett Rousch Treasurer | 1 | $0 | |
Nancy C Fontaine Board Director | 1 | $0 | |
Harrison R Fontaine Board Director | 1 | $0 | |
Alden Fontaine Board Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $107,169 |
| Dividends & Interest | $70,540 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,542 |
| Total Revenue | $507,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $88,874 |
| Contributions, gifts, grants paid | $570,000 |
| Total expenses and disbursements | $658,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700,426 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,791,162 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fontaine Family Foundation Inc has awarded $570,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHWAY ACADEMY PURPOSE: GENERAL ASSISTANCE | $20,000 |
VANGUARD CHARITABLE ENDOWMENT PURPOSE: GENERAL ASSISTANCE | $550,000 |