Fwcs Foundation Inc
- Assets
- $1.3m
- Revenue
- $425.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 35-1905809
Organization Overview
Fwcs Foundation Inc is located in Fort Wayne, IN. The organization was established in 1993. 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. Fwcs 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, Fwcs Foundation Inc generated $425.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $240.8k during the year ending 12/2022. While expenses have increased by 49.4% per year over the past 7 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, Fwcs Foundation Inc has awarded 12 individual grants totaling $663,700. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ITS PRIMARY PURPOSE IS TO GENERATE AND DISTRIBUTE FINANCIAL RESOURCES TO AND FOR FORT WAYNE COMMUNITY SCHOOLS, A PUBLIC SCHOOL CORPORATION, IN SUPPORT OF ITS MISSION AND VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE GAVE FORT WAYNE COMMUNITY SCHOOLS $188,495 TO PURCHASE MUSICAL INSTRUMENTS FOR 5TH GRADE EXPLORATION AND MIDDLE SCHOOL STUDENTS TO USE.
WE DONATED $31,671 TO FORT WAYNE COMMUNITY SCHOOLS FOR SUPPLEMENTAL SCHOOL YEAR AND SUMMER SCHOOL BAND INSTRUCTION TO STUDENTS.
WE GAVE FORT WAYNE COMMUNITY SCHOOLS $17,762 FOR TEACHER GRANTS. THE TEACHERS DID NOT RECEIVE THE GRANT FUNDS. THE DISTRICT RECEIVED THE FUNDS AND PURCHASED GOODS AND SERVICES PER APPROVED GRANT PROPOSALS FROM TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Trent President | Trustee | 4 | $0 |
Sarah Strimmenos Treasurer | Trustee | 1 | $0 |
Michelle Kearns Secretary | Trustee | 1 | $0 |
Jeanne Sheppard Executive Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,725 |
| Total Program Service Revenue | $0 |
| Investment income | $1,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,927 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $204 |
| Total functional expenses | $240,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,670 |
| Savings and temporary cash investments | $1,268,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,305,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,629 |
| Net assets with donor restrictions | $1,303,713 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,305,342 |
Grants Awarded
Over the last fiscal year, Fwcs Foundation Inc has awarded $237,927 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FORT WAYNE COMMUNITY SCHOOLS PURPOSE: Reimbursement to FWCS for the cost of running a band camp and other supplemental instruction of music students. | $31,671 |
FORT WAYNE COMMUNITY SCHOOLS PURPOSE: To buy musical instruments for the FWCS music program. | $188,495 |
FORT WAYNE COMMUNITY SCHOOLS PURPOSE: Grant was for teacher special projects approved by the Foundation and the District. | $17,761 |