Fairfax Foundation
- Assets
- $1.4m
- Revenue
- $200.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 04/1990
- Data as of
- 12/2020
- EIN
- 34-1553708
Organization Overview
Fairfax Foundation is located in Chagrin Falls, OH. The organization was established in 1990. 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. Fairfax 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 12/2020, Fairfax Foundation generated $200.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $212.7k during the year ending 12/2020. While expenses have increased by 10.7% per year over the past 4 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 2018, Fairfax Foundation has awarded 24 individual grants totaling $233,102. 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 |
|---|---|---|---|
Joe Latona Trustee | 2 | $0 | |
Martine V Conway Trustee | 2 | $0 | |
Joseph Juster Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,861 |
| Interest on Savings | $0 |
| Dividends & Interest | $282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $544 |
| Capital Gain Net Income | $544 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22 |
| Total Revenue | $200,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124,861 |
| Total operating and administrative expenses | $148,685 |
| Contributions, gifts, grants paid | $64,021 |
| Total expenses and disbursements | $212,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,263 |
| 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 | $1,390,818 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,403,081 |
| 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, Fairfax Foundation has awarded $64,021 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: GENERAL | $28,521 |
CLEVELAND FOOD BANK PURPOSE: GENERAL | $5,500 |
Shaker Heights, OH PURPOSE: GENERAL | $5,000 |
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL | $5,000 |
Fort Collins, CO PURPOSE: GENERAL | $5,000 |
Cleveland, OH PURPOSE: GENERAL | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Healthcare Professionals Inc Lancaster, OH | $17,709,490 | $34,643,375 |
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |