The Armstrong Family Foundation
- Assets
- $2.7m
- Revenue
- $88.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Brookfield, WI
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 30-0212798
Organization Overview
The Armstrong Family Foundation is located in Brookfield, WI. The organization was established in 2003. 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. Armstrong Family 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, Armstrong Family Foundation generated $88.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $150.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Armstrong Family Foundation has awarded 154 individual grants totaling $446,685. 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 L Armstrong President | 1 | $0 | |
Peter A Armstrong Vp/treas | 1 | $0 | |
Mark R Armstrong VP | 0 | $0 | |
Eric R Armstrong VP | 0 | $0 | |
Peter A Armstrong II VP | 0 | $0 | |
Margaret A Boucher VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,181 |
| Capital Gain Net Income | $30,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211 |
| Total operating and administrative expenses | $5,303 |
| Contributions, gifts, grants paid | $144,915 |
| Total expenses and disbursements | $150,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,615 |
| 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 | $258 |
| Total assets | $2,700,521 |
| 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 Armstrong Family Foundation has awarded $144,915 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON OF HOPE PURPOSE: YOUTH DEVELOPMENT | $500 |
BETHANY COLLEGE PURPOSE: ANNUAL FUND | $100 |
BIRCHWOOD SCHOOL OF HAWKEN PURPOSE: EDUCATION | $500 |
BOCA HELPING HANDS PURPOSE: ASSISTANCE TO INDIGENT | $1,000 |
BOCA RATON POLICE FOUNDATION PURPOSE: SUPPORT POLICE DEPARTMENT | $1,500 |
BOYS AND GIRLS CLUB PURPOSE: PROMOTE READING | $100 |