The@fernandez Pave The Way Foundation Inc
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $14.3m
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 12/2007
- Data as of
- 07/2021
- EIN
- 20-5875641
Organization Overview
The@fernandez Pave The Way Foundation Inc is located in Hendersonville, NC. The organization was established in 2007. 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. The@fernandez Pave The Way 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 07/2021, The@fernandez Pave The Way Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.1m during the year ending 07/2021. While expenses have increased by 9.6% per year over the past 5 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, The@fernandez Pave The Way Foundation Inc has awarded 67 individual grants totaling $2,326,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose L Fernandez President | 1 | $0 | |
Kathleen Fernandez Vice President | 1 | $0 | |
Ana F Buraglia Secretary | 40 | $87,124 | |
Joseph Michael Fernandez Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $139,765 |
| Dividends & Interest | $263,699 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,466 |
| Total Revenue | $1,560,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,124 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $272,575 |
| Contributions, gifts, grants paid | $827,500 |
| Total expenses and disbursements | $1,100,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $715 |
| Investments—other | $863,105 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $53,995 |
Grants Awarded
Over the last fiscal year, The@fernandez Pave The Way Foundation Inc has awarded $827,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR IMMIGRANT JUSTICE PURPOSE: CHARITABLE PURPOSE | $100,000 |
ARTBA TRANSPORTATION DEVELOPMENT FOUNDATION PURPOSE: CHARITABLE PURPOSE | $25,000 |
CARE ELEMENTARY PURPOSE: CHARITABLE PURPOSE | $100,000 |
COMMUNITY FOOD PANTRY PURPOSE: CHARITABLE PURPOSE | $2,500 |
HUMANE SOCIETY OF GREATER MIAMI PURPOSE: CHARITABLE PURPOSE | $5,000 |
FIU FOUNDATION PURPOSE: CHARITABLE PURPOSE | $18,000 |