Fairman Family Foundation
- Assets
- $1.1m
- Revenue
- $25.6k
- Investments
- $980.7k
- Employees
- 0
- Location
- Dubois, PA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-4373954
Organization Overview
Fairman Family Foundation is located in Dubois, PA. The organization was established in 2006. 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. Fairman Family 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 12/2022, Fairman Family Foundation generated $25.6k 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 (22.5%) each year. All expenses for the organization totaled $76.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fairman Family Foundation has awarded 40 individual grants totaling $232,000. 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.
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 |
|---|---|---|---|
Joyce Fairman President | 2 | $0 | |
Lisa Pfingstler Vice-President | 1 | $0 | |
Derek Fairman Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,929 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,941 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,157 |
| Total operating and administrative expenses | $16,591 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $76,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,491 |
| Savings and temporary cash investments | $74,432 |
| 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 | $774,864 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,056,588 |
| 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, Fairman Family Foundation has awarded $60,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DUBOIS AREA UNITED WAY PURPOSE: GENERAL | $1,500 |
FOUNDATION FOR IUP PURPOSE: PUNXSUTAWNEY CULINARY ARTS | $20,000 |
DUBOIS CENTRAL CATHOLIC PURPOSE: EDUCATIONAL | $1,000 |
GRADY'S DECISION PURPOSE: GENERAL | $1,000 |
PENN HIGHLANDS DUBOIS PURPOSE: PEDIATRIC WAITING ROOM | $5,000 |
PENN STATE UNIVERSITY PURPOSE: LAUNCHBOX | $5,000 |