Fm Global Foundation
- Assets
- $37.6m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 22-2773230
Organization Overview
Fm Global Foundation is located in Johnston, RI. The organization was established in 1987. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FM Global 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, FM Global Foundation generated $30.5m in total revenue. All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 11.8% per year over the past 4 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 2020, FM Global Foundation has awarded 310 individual grants totaling $14,154,688. 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 |
|---|---|---|---|
Thomas A Lawson Director Chairman President & CEO | 0.25 | $0 | |
Angie Henderson Moncada Staff Sr. Vice President Marketing | 0.25 | $0 | |
Sanjay Chawla Sr. Vice President Investments | 0.25 | $0 | |
Courtney Mazyck Assistant Vice President Finance | 2 | $0 | |
Andrew S Brooslin Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,963,527 |
| Interest on Savings | $119 |
| Dividends & Interest | $434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,526,095 |
| Capital Gain Net Income | $28,526,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,490,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154,912 |
| Total operating and administrative expenses | $325,806 |
| Contributions, gifts, grants paid | $6,550,725 |
| Total expenses and disbursements | $6,876,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,405,559 |
| Savings and temporary cash investments | $3,229,723 |
| 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 | $37,635,282 |
| 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, Fm Global Foundation has awarded $6,550,725 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: CONTRIBUTION PROVIDED | $2,126,806 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: CONTRIBUTION PROVIDED | $1,873,223 |
INTERNATIONAL SCHOLARSHIP & TUITION SERVICE PURPOSE: CONTRIBUTION PROVIDED | $493,000 |
UNITED KINGDOM ONLINE GIVING FOUNDATION PURPOSE: CONTRIBUTION PROVIDED | $466,050 |
Seattle, WA PURPOSE: CONTRIBUTION PROVIDED | $211,654 |
Providence, RI PURPOSE: CONTRIBUTION PROVIDED | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Radio Relay League Inc Newington, CT | $43,746,662 | $15,484,740 |
New England Public Media Inc Springfield, MA | $13,528,339 | $7,013,590 |
Fm Global Foundation Johnston, RI | $37,635,282 | $30,490,175 |
Radio Drama Network Inc Stamford, CT | $12,623,198 | $753,352 |
Connecticut Radio Fellowship Incorporated Middletown, CT | $1,908,591 | $639,821 |
Wicn Public Radio Inc Worcester, MA | $494,959 | $537,454 |
Lower Cape Communications Inc Provincetown, MA | $1,201,910 | $610,525 |
Wakefield Community Access Television Inc Wakefield, MA | $720,152 | $432,072 |
Open Source Media Inc Cambridge, MA | $148,120 | $420,760 |
Atlantic Public Media Inc Woods Hole, MA | $753,940 | $354,366 |
Latino Public Radio Cranston, RI | $45,562 | $254,433 |
Bedford Community Access Television Bedford, MA | $138,739 | $207,432 |