Fleetwood Foundation Inc
- Assets
- $43.8m
- Revenue
- $2.1m
- Investments
- $42.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-5486698
Organization Overview
Fleetwood Foundation Inc is located in Memphis, TN. The organization was established in 2011. 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. Fleetwood 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 12/2022, Fleetwood Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fleetwood Foundation Inc has awarded 90 individual grants totaling $12,451,752. 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 Beazley Executive Dir | 40 | $129,459 | |
Charles C Gerber Dir, Sec | 1 | $0 | |
Margaret L Gerber Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $7,105 |
| Dividends & Interest | $2,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,041,739 |
| Capital Gain Net Income | $1,085,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $864,003 |
| Total Revenue | $2,090,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,459 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,904 |
| Interest | $0 |
| Taxes | $126,239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,060,714 |
| Total operating and administrative expenses | $1,326,316 |
| Contributions, gifts, grants paid | $2,656,830 |
| Total expenses and disbursements | $3,983,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,015,089 |
| 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 | $42,762,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,777,600 |
| 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, Fleetwood Foundation Inc has awarded $2,752,458 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ALL FLOURISH INC PURPOSE: BACKRS STIPEND FUND | $100,000 |
ALLMEMPHIS INC PURPOSE: WORK WITH BELIEVE ACADEMY AND MEMPHIS COLLEGE PREPARATORY SCHOOL | $180,000 |
COMMUNITY FOUNDATION OF GREATER MEMPHIS INC PURPOSE: JACK GERBER FUND | $20,000 |
LIFELINE TO SUCCESS PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
CIVIC NEWS COMPANY PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
MAN UP TEACHER FELLOWS INC PURPOSE: GENERAL & UNRESTRICTED | $350,000 |