The Forsberg Charitable Foundation
- Assets
- $0.0
- Revenue
- $451.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/2007
- Data as of
- 12/2020
- EIN
- 20-4653999
Organization Overview
The Forsberg Charitable Foundation is located in Scottsdale, AZ. The organization was established in 2007. 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.
For the year ending 12/2020, Forsberg Charitable Foundation generated $451.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $5.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Forsberg Charitable Foundation has awarded 31 individual grants totaling $6,067,889. 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 |
|---|---|---|---|
Sherman Rorvig President | 2 | $8,000 | |
Marybeth Nordtvedt Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,198 |
| Dividends & Interest | $118,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $319,230 |
| Capital Gain Net Income | $319,230 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $451,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,750 |
| Contributions, gifts, grants paid | $5,717,389 |
| Total expenses and disbursements | $5,740,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 Forsberg Charitable Foundation has awarded $5,717,389 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA CHRISTIAN FOUNDATION PURPOSE: GENERAL SUPPORT | $79,889 |
ARIZONA CHRISTIAN UNIVERSITY PURPOSE: GENERAL SUPPORT | $2,215,000 |
CAMPUS CHRISTIAN CENTER PURPOSE: GENERAL SUPPORT | $50,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: GENERAL SUPPORT | $37,500 |
CHURCH OF THE LUTHERAN BRETHREN PURPOSE: GENERAL SUPPORT | $116,000 |
GLOBAL TRAINING NETWORK PURPOSE: GENERAL SUPPORT | $291,000 |