Norman Family Foundation
- Assets
- $1.6m
- Revenue
- $659.3k
- Investments
- $803.5k
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- Data as of
- 12/2022
- EIN
- 85-1059540
Organization Overview
Norman Family Foundation is located in Lakeland, FL. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Norman Family 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, Norman Family Foundation generated $659.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $715.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Norman Family Foundation has awarded 54 individual grants totaling $1,284,710. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Andrew Norman President & Director | 10 | $0 | |
Sheryl Norman Director | 5 | $0 | |
S Adam Norman Director | 10 | $0 | |
Leslie Norman Director | 5 | $0 | |
Nathan D Brewer Director | 15 | $18,064 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $655,775 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,541 |
| 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 | $659,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,064 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,451 |
| Total operating and administrative expenses | $53,315 |
| Contributions, gifts, grants paid | $662,040 |
| Total expenses and disbursements | $715,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,229 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,500 |
| 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 | $1,561,237 |
| Accounts payable and accrued expenses | $9,663 |
| Grants payable | $555,910 |
| 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 | $565,573 |
Grants Awarded
Over the last fiscal year, Norman Family Foundation has awarded $662,040 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
360 CHURCH PURPOSE: CHRISTIAN MINISTRIES | $5,000 |
ACE MENTORSHIP - POLK COUNTY PURPOSE: TO SUPPORT THEIR MISSION TO ENGAGE, EXCITE AND ENLIGHTEN HIGH SCHOOL STUDENTS TO PURSUE CAREERS IN ARCHITECTURE, ENGINEERING, AND CONSTRUCTION THROUGH MENTORING AND CONTINUED SUPPORT FOR THEIR ADVANCEMENT INTO THE INDUSTRY | $2,000 |
B ROSENBAUM PURPOSE: SCHOOL SCHOLARSHIP - TUITION ASSISTANCE | $1,000 |
BARTOW KIWANIS FOUNDATION PURPOSE: BARTOW KIWANIS IS DEDICATED TO SERVING THE COMMUNITY, ESPECIALLY THE CHILDREN, THROUGH SERVICE PROJECTS AND FUNDING TO LIKE-MINDED ORGANIZATIONS | $2,980 |
CAMPUS OUTREACH CENTRAL FLORIDA PURPOSE: COLLEGE MINISTRY WHOSE AIM IS TO CHANGE THE WORLD THROUGH EVANGELISM AND DISCIPLESHIP. | $5,500 |
CHAPTERS HEALTH FOUNDATION PURPOSE: TO SUPPORT THE WORK OF THE CHAPTERS HEALTH SYSTEM, WHICH INCLUDES HOME HEALTH, PALLIATIVE MEDICINE, HOSPICE AND GRIEF SERVICES | $12,000 |