Fred Forsyth Educational Trust
- Assets
- $830.0k
- Revenue
- $4.2k
- Investments
- $800.5k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 03/2011
- Data as of
- 07/2023
- EIN
- 01-6059631
Organization Overview
Fred Forsyth Educational Trust is located in Portland, ME. The organization was established in 2011. 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. Fred Forsyth Educational Trust 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 07/2023, Fred Forsyth Educational Trust generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.6%) each year. All expenses for the organization totaled $65.9k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Fred Forsyth Educational Trust has awarded 43 individual grants totaling $126,002. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,823 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,389 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $492 |
| Total operating and administrative expenses | $24,902 |
| Contributions, gifts, grants paid | $41,002 |
| Total expenses and disbursements | $65,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,523 |
| 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 | $830,036 |
| 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, Fred Forsyth Educational Trust has awarded $41,002 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MAINE-ORONO PURPOSE: SCHOLARSHIP-AYDA HOLYOKE | $3,154 |
EASTERN MAINE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FBO EMMA | $3,154 |
UNIVERSITY OF MAINE-ORONO PURPOSE: SCHOLARSHIP FBO CODY | $3,154 |
HUSSON UNIVERSITY PURPOSE: SCHOLARSHIP-RYLEE COOMBS | $3,154 |
EASTERN MAINE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FBO ALEXIS | $3,154 |
UNIVERSITY OF MAINE-AUGUSTA PURPOSE: SCHOLARSHIP FBO LANIE | $3,154 |