Ft618 Generosity Foundation
- Assets
- $3.9m
- Revenue
- $2.0m
- Investments
- $1.7m
- Employees
- 0
- Location
- College Grove, TN
- Founding
- Data as of
- 12/2022
- EIN
- 87-3786626
Organization Overview
Ft618 Generosity Foundation is located in College Grove, TN. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ft618 Generosity 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, Ft618 Generosity Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $141.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Hansen Trustee | 0 | $0 | |
Cristiane Hansen Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,020,000 |
| Interest on Savings | $1,024 |
| Dividends & Interest | $22,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,647 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,361 |
| Total Revenue | $2,035,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107 |
| Total operating and administrative expenses | $11,477 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $141,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,175 |
| Savings and temporary cash investments | $15,677 |
| 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 | $1,712,295 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,888,620 |
| Total assets | $3,896,767 |
| 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, Ft618 Generosity Foundation has awarded $130,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EVERFREE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE GRANT RECIPIENT | $25,000 |
HOPE INTERNATIONAL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE GRANT RECIPIENT | $25,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE GRANT RECIPIENT | $80,000 |