8020 Foundation Tr
- Assets
- $229.9m
- Revenue
- $6.9m
- Investments
- $227.1m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3518678
Organization Overview
8020 Foundation Tr is located in Fort Wayne, IN. The organization was established in 2018. 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. 8020 Foundation Tr 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 12/2023, 8020 Foundation Tr generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.9% each year . All expenses for the organization totaled $11.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 8020 Foundation Tr has awarded 197 individual grants totaling $31,116,275. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 80/20 FOUNDATION TRUST IS COMMITTED TO GROWING AND STRENGTHENING THE MANUFACTURING SECTOR IN THE MIDWEST REGION. THE FOUNDATION PARTNERS WITH VOCATIONAL SCHOOLS, COMMUNITY COLLEGES, CAREER ACADEMIES, TECHNICAL COLLEGES, FOUR-YEAR UNIVERSITIES, TRADE SCHOOLS AND RELATED COMMUNITY ORGANIZATIONS TO STRENGTHEN THE MANFACTURING SECTOR. DURING 2023, 9,481,624 WAS DISBURSED TO SIXTY-TWO CHARITABLE ORGANIZATIONS FOR THE SCHOLARSHIPS, CAPITAL EXPENDITURES AND PROGRAM DEVELOPMENT. AT 12.31.2023, 3,536,804 IS PLEDGED FOR FUTURE PERIODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gatman Trustee | 4 | $27,500 | |
Brian Emerick Secretary | 4 | $27,500 | |
John Haifley Finance Chai | 4 | $27,500 | |
Laura Macknick Executive Di | 35 | $199,376 | |
Ashley Harman Trustee | 4 | $27,500 | |
Rodney Strack Trustee | 4 | $27,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phillips Financial Management Llc | 12/30/21 | $278,625 |
2nd Story Marketing | 12/30/21 | $62,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,352 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,933,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,052,797 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,950 |
| Total Revenue | $6,930,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $404,376 |
| Other employee salaries and wages | $753,820 |
| Pension plans, employee benefits | $249,862 |
| Interest | $239 |
| Taxes | $210,453 |
| Depreciation | $84,219 |
| Occupancy | $76,314 |
| Travel, conferences, and meetings | $60,945 |
| Printing and publications | $4,754 |
| Other expenses | $556,782 |
| Total operating and administrative expenses | $2,962,624 |
| Contributions, gifts, grants paid | $8,974,783 |
| Total expenses and disbursements | $11,937,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,797 |
| Savings and temporary cash investments | $364,783 |
| 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 | $2,297,261 |
| Other assets | $9,656 |
| Total assets | $229,858,493 |
| Accounts payable and accrued expenses | $315,488 |
| Grants payable | $4,218,781 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $75,039 |
| Total liabilities | $4,609,308 |
Grants Awarded
Over the last fiscal year, 8020 Foundation Tr has awarded $12,194,987 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
DEKALB COUNTY CENTRAL UNITED SCHOO PURPOSE: BARON ADVANCED MANUFACTURING PROGRAM | $200,000 |
WHITLEY COUNTY COMMUNITY FOUNDATION PURPOSE: MANUFACTURING YOUR FUTURE SCHOLARSHI | $100,000 |
TROY SCHOOL PURPOSE: TROY ADVANCED MANUFACTURING CTE SCHO | $26,813 |
SOUTHWEST ALLEN COUNTY SCHOOLS PURPOSE: SACS INDUSTRIAL TECHNOLOGY | $192,000 |
BE NOBLE INC PURPOSE: ENGAGE NOBLE | $35,000 |
OHIO NORTHERN UNIVERSITY PURPOSE: PROGRAM SUPPORT | $525,000 |