Fournier Family Foundation Inc
- Assets
- $12.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-2015176
Organization Overview
Fournier Family Foundation Inc is located in Summit, NJ. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community 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. Fournier Family 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, Fournier Family Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 2014, Fournier Family Foundation Inc has awarded 292 individual grants totaling $19,232,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan P Fournier President | 8 | $0 | |
Jennifer L Fournier Secretary-Treasurer | 8 | $0 | |
H Norman Bott Vice President | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $614,397 |
| Interest on Savings | $293 |
| Dividends & Interest | $84,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,450,102 |
| Capital Gain Net Income | $1,450,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$50,837 |
| Total Revenue | $2,098,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260,130 |
| Total operating and administrative expenses | $272,311 |
| Contributions, gifts, grants paid | $2,712,403 |
| Total expenses and disbursements | $2,984,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200,236 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,600 |
| 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 | $11,619,723 |
| Total assets | $12,823,559 |
| 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, Fournier Family Foundation Inc has awarded $2,712,403 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ST BENEDICTS PURPOSE: CHARITABLE IRC 170 (C)(2) | $1,823,763 |
Jenkintown, PA PURPOSE: CHARITABLE IRC 170 (C)(2) | $700,000 |
HEFTER RESEARCH PURPOSE: CHARITABLE IRC 170 (C)(2) | $75,000 |
Bethesda, MD PURPOSE: CHARITABLE IRC 170 (C)(2) | $25,000 |
BOYS & GIRLS CLUB OF NEWARK PURPOSE: CHARITABLE IRC 170 (C)(2) | $25,000 |
MYLESTONE EQUINE RESCUE PURPOSE: CHARITABLE IRC 170 (C)(2) | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |