Freeman E Fairfield Foundation
- Assets
- $2.0m
- Revenue
- $114.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 23-7055338
Organization Overview
Freeman E Fairfield Foundation is located in Long Beach, CA. The organization was established in 1970. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman E Fairfield 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 12/2023, Freeman E Fairfield Foundation generated $114.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $169.7k during the year ending 12/2023. While expenses have increased by 0.8% 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 2016, Freeman E Fairfield Foundation has awarded 67 individual grants totaling $545,500. 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 |
|---|---|---|---|
Gary J Tucker Trustee | 6 | $12,500 | |
Paul W Mceachern Trustee | 2 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,266 |
| Dividends & Interest | $60,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,476 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $274 |
| Depreciation | $0 |
| Occupancy | $3,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,085 |
| Total operating and administrative expenses | $48,680 |
| Contributions, gifts, grants paid | $121,000 |
| Total expenses and disbursements | $169,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,864 |
| Savings and temporary cash investments | $189,462 |
| 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 | $825 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $252,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,030,169 |
| 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, Freeman E Fairfield Foundation has awarded $121,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF LONG BEACH PURPOSE: OPERATING COSTS | $10,000 |
RONALD MCDONALD HOUSE PURPOSE: OPERATING COSTS | $5,000 |
CONSERVATION CORPS OF LONG BEACH PURPOSE: OPERATING COSTS | $5,000 |
DOWNTOWN ASSOCIATED YOUTH SVCS PURPOSE: OPERATING COSTS | $15,000 |
LONG BEACH BLAST PURPOSE: OPERATING COSTS | $2,000 |
YOUNG HORIZONS CHILD DEVELOPMENT CE PURPOSE: OPERATING COSTS | $2,000 |