Fifth Generation Foundation
- Assets
- $2.3m
- Revenue
- $90.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Solon, OH
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 34-1873460
Organization Overview
Fifth Generation Foundation is located in Solon, OH. The organization was established in 1999. 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. Fifth Generation 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 12/2022, Fifth Generation Foundation generated $90.2k 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 (4.1%) each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fifth Generation Foundation has awarded 38 individual grants totaling $581,206. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond M Murphy President, Treasurer, Trus | 0 | $0 | |
Mary K Murphy Secretary, Trustee | 0 | $0 | |
John B Murphy Trustee | 0 | $0 | |
Lisa Murphy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $39,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,489 |
| Capital Gain Net Income | $50,489 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $6,487 |
| Contributions, gifts, grants paid | $110,554 |
| Total expenses and disbursements | $117,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,896 |
| 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 | $186,930 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,266,139 |
| 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, Fifth Generation Foundation has awarded $110,554 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF NORTHEAST OHIO PURPOSE: GENERAL | $30,216 |
BLESSING HOUSE PURPOSE: GENERAL | $10,046 |
GILMOUR ACADEMY PURPOSE: GENERAL | $10,047 |
ISLAND SAFE HARBOR ANIMAL SHELTER PURPOSE: GENERAL | $5,000 |
BOYS HOPE GIRLS HOPE OF NORTHEASTERN OHIO PURPOSE: GENERAL | $20,093 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL | $15,069 |