Fourten Foundation
- Assets
- $41.0m
- Revenue
- $287.2k
- Investments
- $40.4m
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 86-3735206
Organization Overview
Fourten Foundation is located in Cranford, NJ. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Fourten 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, Fourten Foundation generated $287.2k in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2023.
Since 2022, Fourten Foundation has awarded 22 individual grants totaling $2,298,500. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George F Ohrstrom President, Sec. & Director | 0.5 | $0 | |
Clarke Ohrstrom Vp, Treasurer, & Director | 0.5 | $0 | |
Wright Ohrstrom Director | 0.5 | $0 | |
Winifred O Nichols Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,550 |
| Dividends & Interest | $726,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$443,359 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $287,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,117 |
| Total operating and administrative expenses | $278,392 |
| Contributions, gifts, grants paid | $1,853,500 |
| Total expenses and disbursements | $2,131,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $590,763 |
| 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 | $22,798,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,996,719 |
| 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, Fourten Foundation has awarded $1,853,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURE SCIENTISTS PURPOSE: GENERAL OPERATIONS | $50,000 |
AFFTA FISHERIES FUND PURPOSE: GENERAL OPERATIONS | $30,000 |
BLACK ROCK FOREST CONSORTIUM PURPOSE: GENERAL OPERATING EXPENSES TO SUPPORT BLACK ROCK FOREST'S OPERATIONS AND RESEARCH, EDUCATION AND CONSERVATION PROGRAMS. | $30,000 |
GALLATIN VALLEY LAND TRUST PURPOSE: SECOND EDITION OF WHITNEY TILT'S FLORA OF YELLOWSTONE BOOK | $13,500 |
JOHNS HOPKINS UNIVERSITY - DEPARTMENT OF NEUROLOGY PURPOSE: NEUROSURGERY RISING PROFESSORSHIP | $50,000 |
MIDDLEBURG HUMANE FOUNDATION PURPOSE: GENERAL OPERATIONS | $10,000 |