Forest Glen Impact Foundation
- Assets
- $4.6m
- Revenue
- $61.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-3048096
Organization Overview
Forest Glen Impact Foundation is located in Wilmington, DE. 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. Forest Glen Impact 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 12/2023, Forest Glen Impact Foundation generated $61.9k 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 (66.6%) each year. All expenses for the organization totaled $234.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Forest Glen Impact Foundation has awarded 17 individual grants totaling $435,000. 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 |
|---|---|---|---|
Melinda Leah Nemec Sec, Dir | 1 | $0 | |
Philip Andrew Nemec Dir, Pres, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,455 |
| Dividends & Interest | $49,441 |
| 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 | $61,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,569 |
| Total operating and administrative expenses | $19,629 |
| Contributions, gifts, grants paid | $215,000 |
| Total expenses and disbursements | $234,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,854,169 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $4,613,821 |
| 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, Forest Glen Impact Foundation has awarded $215,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITYTEAM MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
CONSERVATION SOCIETY OF CALIFORNIA PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
FEEDING AMERICA PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
HAPPY HOLLOW CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
MONTEREY BAY AQUARIUM FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
SECOND HARVEST OF SILICON VALLEY PURPOSE: GENERAL & UNRESTRICTED | $40,000 |