Jim Foote Foundation Inc
- Assets
- $602.9k
- Revenue
- $22.3k
- Investments
- $568.2k
- Employees
- 0
- Location
- Gahanna, OH
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-3274430
Organization Overview
Jim Foote Foundation Inc is located in Gahanna, OH. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jim Foote 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, Jim Foote Foundation Inc generated $22.3k 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 (44.2%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED IS TO PROVIDE FOOD FOR THE STARVING AND THE HUNGRY AND OTHERWISE PROVIDE RELIEF AND AID FOR THE POOR AND DISADVANTAGED, AND TO DO ANY FURTHER ACT TO IMPLEMENT THE PURPOSES OF THIS CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD, RELIEF AND AID FOR THE POOR AND DISADVANTAGED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Henn Treasurer | OfficerTrustee | 60 | $0 |
Jim Foote President - Through Oct 2021 | OfficerTrustee | 40 | $0 |
Mike Iverson Secretary | OfficerTrustee | 4 | $0 |
Linda Taylor Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $22,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,082 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $568,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,931 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $602,931 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $602,931 |
Grants Awarded
Over the last fiscal year, Jim Foote Foundation Inc has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: Youth Development Programs | $8,000 |
South Bend, IN PURPOSE: Program development | $8,000 |
Mt Healthy, OH PURPOSE: Program development | $7,000 |
Alexandria, VA PURPOSE: Program development | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Old National Bank Foundation Inc Evansville, IN | $1,059,679 | $25,162 |
Peyback Foundation Inc Independence, OH | $4,792,942 | $1,855,787 |
Kentucky Casa Network Inc Louisville, KY | $365,575 | $1,855,866 |
S P Fenn No 1 Trust Ua Brooklyn, OH | $28,554,709 | $3,349,823 |
People Helping People Network Inc Indianapolis, IN | $544,778 | $1,807,428 |
Buckley Foundation Tr Philadelphia, PA | $31,437,731 | $1,169,391 |