Phyllis A And Daryl R Forsythe Foundation
- Assets
- $1.1m
- Revenue
- $173.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 02/1999
- Data as of
- 03/2024
- EIN
- 16-1550690
Organization Overview
Phyllis A And Daryl R Forsythe Foundation is located in Norwich, NY. The organization was established in 1999. 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. Phyllis A And Daryl R Forsythe 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 03/2024, Phyllis A And Daryl R Forsythe Foundation generated $173.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $66.9k during the year ending 03/2024. While expenses have increased by 28.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phyllis A And Daryl R Forsythe Foundation has awarded 112 individual grants totaling $235,250. 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 |
|---|---|---|---|
Daryl Forsythe President | 1 | $0 | |
Phyllis Forsythe Director | 1 | $0 | |
Paul Eaton Jr Secretary | 1 | $0 | |
Richard S Woods Treasurer | 1 | $0 | |
Jeff Starkey Director | 1 | $0 | |
Kate Starkey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,161 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,734 |
| Capital Gain Net Income | $18,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,032 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $10,600 |
| Contributions, gifts, grants paid | $56,250 |
| Total expenses and disbursements | $66,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,658 |
| 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 | $1,029,391 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,066,049 |
| 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, Phyllis A And Daryl R Forsythe Foundation has awarded $56,250 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
MASONVILLE FEDERATED CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $250 |
HILLSDALE COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $500 |
SUNY ONEONTA PURPOSE: FIVE YEAR PLEDGE FOR | $5,000 |
SIDNEY UNITED METHODIST CHURCH PURPOSE: GENERAL OPERTING SUPPORT | $27,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |