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 3 years, it has increased revenue by an average of 28.5% 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sherman Rorvig President | 2 | $8,000 | |
Marybeth Nordtvedt Treasurer | 0 | $0 |
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 |
Over the last fiscal year, The Forsberg Charitable Foundation has awarded $5,717,389 in support to 16 organizations.
Grant Recipient | Amount |
---|---|
Scottsdale, AZ PURPOSE: GENERAL SUPPORT | $2,232,000 |
ARIZONA CHRISTIAN UNIVERSITY PURPOSE: GENERAL SUPPORT | $2,215,000 |
GLOBAL TRAINING NETWORK PURPOSE: GENERAL SUPPORT | $291,000 |
Shoreview, MN PURPOSE: GENERAL SUPORT | $261,000 |
Boone, NC PURPOSE: GENERAL SUPPORT | $149,000 |
CHURCH OF THE LUTHERAN BRETHREN PURPOSE: GENERAL SUPPORT | $116,000 |
Organization Name | Assets | Revenue |
---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |