The Fortin Foundation Inc
- Assets
- $7.4m
- Revenue
- $117.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-0474577
Organization Overview
The Fortin Foundation Inc is located in Wilmington, DE. The organization was established in 2004. 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. Fortin 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 12/2022, Fortin Foundation Inc generated $117.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $209.0k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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 2015, Fortin Foundation Inc has awarded 61 individual grants totaling $490,150. 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 |
|---|---|---|---|
Wayne J Fortin Treas, Vp, Dir | 1 | $0 | |
Janine Sadoski Pres, Dir | 15 | $0 | |
Mitchell J Sadoski Board Member | 1 | $0 | |
Beth Fortin Sec, Dir | 1 | $0 | |
Virginia C Fortin Chairman Of The Board | 1 | $0 | |
Dilcia Fortin Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $580 |
| Dividends & Interest | $127,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,096 |
| Capital Gain Net Income | $3,225,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,830 |
| Total operating and administrative expenses | $104,513 |
| Contributions, gifts, grants paid | $104,450 |
| Total expenses and disbursements | $208,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,284 |
| 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 | $7,384,414 |
| 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, The Fortin Foundation Inc has awarded $104,450 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Trumbull, CT PURPOSE: SCHOLARSHIP TO ATTEND SCHOOL | $16,450 |
CHILDRENS OPEN CHARITABLE TRUST INC PURPOSE: GENERAL & UNRESTRICTED | $16,000 |
READY TO WORK AURORA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Shelton, CT PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
TOWN OF GLASTONBURY CONNECTICUT PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Trumbull, CT PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |