Brooks And Joan Fortune Family Foundation Inc
- Assets
- $9.8m
- Revenue
- $1.1m
- Investments
- $9.4m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/1988
- Data as of
- 03/2024
- EIN
- 31-1225136
Organization Overview
Brooks And Joan Fortune Family Foundation Inc is located in Naples, FL. The organization was established in 1988. 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. Brooks And Joan Fortune Family 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 03/2024, Brooks And Joan Fortune Family Foundation Inc generated $1.1m 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 (19.3%) each year. All expenses for the organization totaled $918.7k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Brooks And Joan Fortune Family Foundation Inc has awarded 338 individual grants totaling $4,948,255. 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 |
|---|---|---|---|
John B Fortune MD President | 4 | $0 | |
Janellen Fortune Vice President | 4 | $0 | |
Jennifer Flanigan Director | 2 | $0 | |
Stephanie Zaiser Secretary/treasurer | 2 | $0 | |
Lenoir Edward Zaiser IV Director | 2 | $0 | |
Erin Hudgins Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44,065 |
| Dividends & Interest | $181,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $897,112 |
| Capital Gain Net Income | $897,112 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,746 |
| Total Revenue | $1,131,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10 |
| Taxes | $20,066 |
| Depreciation | $0 |
| Occupancy | $14,400 |
| Travel, conferences, and meetings | $300 |
| Printing and publications | $0 |
| Other expenses | $3,182 |
| Total operating and administrative expenses | $215,027 |
| Contributions, gifts, grants paid | $703,700 |
| Total expenses and disbursements | $918,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,180 |
| 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 | $9,821,086 |
| 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, Brooks And Joan Fortune Family Foundation Inc has awarded $703,700 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
CFES BRILLIANT PATHWAYS PURPOSE: ANNUAL EDUCATIONAL MEETING | $25,000 |
BUDGET BUDDIES INC PURPOSE: PROGRAMS | $6,000 |
CONSERVANCY OF SOUTHWEST FLORIDA PURPOSE: GOOD FORTUNE II BOAT INSURANCE/IMPROVEMENTS / SURVIVORS PROGRAM & CAPTAIN SALARIES | $82,000 |
CROWN HILL HERITAGE FOUNDATION INC PURPOSE: MARTY'S BUTTERFLY GARDEN AT CROWN HILL CEMETERY | $25,000 |
EARLY EDUCATION RESOURCE CENTER OF WATERBURY PURPOSE: THE CHILDREN'S ROOM | $10,000 |
EMERGE GALLERY ART CENTER PURPOSE: YOUTH PUBLIC ARTS PROJECT | $1,500 |