Ernest Fortin Memorial Foundation Inc
- Assets
- $70.4k
- Revenue
- $8.8k
- Investments
- $62.3k
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 04-3544279
Organization Overview
Ernest Fortin Memorial Foundation Inc is located in Beverly, MA. The organization was established in 2001. 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. Ernest Fortin Memorial Foundation Inc 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 12/2021, Ernest Fortin Memorial Foundation Inc generated $8.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $26.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ernest Fortin Memorial Foundation Inc has awarded 48 individual grants totaling $108,000. 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 |
|---|---|---|---|
Dennis Gallagher President | 0 | $0 | |
Stephen F Brown Director | 0 | $0 | |
Martha Rice Martini Treasurer & Secretary | 0 | $0 | |
Robert Faulkner Director | 0 | $0 | |
Rev Paul W Mcnellis Director | 0 | $0 | |
Daniel J Mahoney Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,228 |
| Capital Gain Net Income | $7,228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $2,407 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $26,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,117 |
| 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 | $62,266 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,383 |
| 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, Ernest Fortin Memorial Foundation Inc has awarded $24,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NATHAN DAVIS PURPOSE: EDUCATIONAL GRANT | $2,000 |
AUSTIN HOLMES PURPOSE: EDUCATIONAL GRANT | $2,000 |
JOHN STEICHEN II PURPOSE: EDUCATIONAL GRANT | $2,000 |
NICHOLAS ANDERSON PURPOSE: EDUCATIONAL GRANT | $2,000 |
SELENE CAMPION PURPOSE: EDUCATIONAL GRANT | $2,000 |
MAGNUS FERGUSON PURPOSE: EDUCATIONAL GRANT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Lavelle Fund For The Blind Inc New York, NY | $163,250,000 | $53,286,253 |
Robert F & Mary P Hastings Foundation Inc East Amherst, NY | $201,145 | $300,300 |
Chesed Foundation Of America New York, NY | $261,423,843 | $7,176,271 |
Belvedere Charitable Foundation New York, NY | $6,000,444 | $12,756,802 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |