The Fortney Foundation
- Assets
- $2.5m
- Revenue
- $141.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-8082606
Organization Overview
The Fortney Foundation is located in North Olmsted, OH. The organization was established in 2009. 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. Fortney 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 12/2021, Fortney Foundation generated $141.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $201.8k during the year ending 12/2021. While expenses have increased by 1.2% 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, Fortney Foundation has awarded 263 individual grants totaling $1,175,984. 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 |
|---|---|---|---|
Chelsea Fortney Director | 40 | $14,926 | |
Jessica Fortney Krisanda Director | 40 | $14,925 | |
Katherine P F Horne Director; Vice Pres.; Secr | 40 | $14,925 | |
Megan Fortney Smith Director | 40 | $14,925 | |
Ruth A Fortney Trustee; President; Treasu | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,089 |
| Dividends & Interest | $15,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,376 |
| Capital Gain Net Income | $55,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $606 |
| Total Revenue | $141,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,701 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,636 |
| Taxes | $4,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,207 |
| Total operating and administrative expenses | $88,292 |
| Contributions, gifts, grants paid | $113,500 |
| Total expenses and disbursements | $201,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,511 |
| 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 | $2,417,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,477,015 |
| 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 Fortney Foundation has awarded $113,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CHRISTIAN HOME PURPOSE: GENERAL OPERATING | $20,000 |
CLEVELAND FOOD BANK PURPOSE: GENERAL OPERATING | $10,000 |
Cleveland, OH PURPOSE: GENERAL OPERATING | $10,000 |
Cleveland, OH PURPOSE: GENERAL OPERATING | $10,000 |
KIDNEY FOUNDATION PURPOSE: GENERAL OPERATING | $8,000 |
PLAYHOUSE SQUARE PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |