Tracy Forrest Foundation Inc
- Assets
- $71.3k
- Revenue
- $103.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sanford, FL
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3934858
Organization Overview
Tracy Forrest Foundation Inc is located in Sanford, FL. The organization was established in 2009. 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. Tracy Forrest 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 12/2023, Tracy Forrest Foundation Inc generated $103.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $285.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tracy Forrest Foundation Inc has awarded 72 individual grants totaling $760,929. 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 |
|---|---|---|---|
Carol Rae Lovenbury President | 0 | $73,317 | |
Lisa Harris Secretary | 0 | $139,108 | |
Russell Goldberg Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $2,962 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,425 |
| Other employee salaries and wages | $37,243 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $9,392 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $971 |
| Other expenses | $0 |
| Total operating and administrative expenses | $268,071 |
| Contributions, gifts, grants paid | $17,200 |
| Total expenses and disbursements | $285,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,273 |
| 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 | $71,273 |
| 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, Tracy Forrest Foundation Inc has awarded $17,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS ANIMAL SANCTUARY PURPOSE: PROGRAM SUPPORT | $5,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: PROGRAM SUPPORT | $5,000 |
PET ALLIANCE OF GREATER ORLANDO PURPOSE: PROGRAM SUPPORT | $5,000 |
WREATHS ACROSS AMERICA PURPOSE: PROGRAM SUPPORT | $1,500 |
CASSELBERRY POLICE FOUNDATION PURPOSE: PROGRAM SUPPORT | $200 |
SEMINOLE HIGH SCHOOL AVIATION PROGRAM PURPOSE: PROGRAM SUPPORT | $500 |