Felco Foundation
- Assets
- $263.6k
- Revenue
- $4.0k
- Investments
- $258.4k
- Employees
- 0
- Location
- Franklin, VT
- Founding
- 01/1995
- Data as of
- 09/2023
- EIN
- 03-0340737
Organization Overview
Felco Foundation is located in Franklin, VT. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felco 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 09/2023, Felco Foundation generated $4.0k 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 (58.9%) each year. All expenses for the organization totaled $1.7k during the year ending 09/2023. 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 |
|---|---|---|---|
Hugh Gates President | 0.1 | $0 | |
Kimberly Gates Maynard Treasurer | 0.05 | $0 | |
Robert Irish Secretary | 0.02 | $0 | |
Suzanne Hull Casavant Vice Preside | 0.01 | $0 | |
Wesley Gates Kempton Secretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,357 |
| Interest on Savings | $1,660 |
| Dividends & Interest | $0 |
| 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 | $4,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $103 |
| Contributions, gifts, grants paid | $1,600 |
| Total expenses and disbursements | $1,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22 |
| Savings and temporary cash investments | $5,128 |
| 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 | $122,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $263,594 |
| 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, Felco Foundation has awarded $1,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANNE PLOOF PURPOSE: COLLEGE EDUCATION | $1,000 |
NAOMI ADELLE PURPOSE: COLLEGE EDUCATION | $600 |