Forstrom Family Foundation

Organization Overview

Forstrom Family Foundation is located in Sarasota, FL. The organization was established in 2003. 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. Forstrom 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 12/2022, Forstrom Family Foundation generated $242.0k in total revenue. All expenses for the organization totaled $124.4k during the year ending 12/2022. While expenses have increased by 42.3% per year over the past 8 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 2015, Forstrom Family Foundation has awarded 17 individual grants totaling $313,895. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

REFER TO SECTION XV WHICH LISTS ALL CHARITABLE ORGANIZATIONS WHICH HAVE RECEIVED GRANTS AND THE USE TO WHICH THE FUNDS WERE PUT TO.


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Board, Officers & Key Employees

Name (title)Compensation
John Forstrom
Director
$0
Norma Forstrom
President
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $240,000
Interest on Savings $1,995
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $241,995

Grants Awarded

Over the last fiscal year, Forstrom Family Foundation has awarded $122,500 in support to 3 organizations.

Grant RecipientAmount

IMMANUEL LUTHERAN CHURCH

Org PageRecipient Profile

Clara City, MN

PURPOSE: CASH

$107,000

BETHEL LUTHERN CHURCH

Org PageRecipient Profile

Willmar, MN

PURPOSE: CASH

$15,000

FAIRVIEW CEMETARY ASSOCIATION

PURPOSE: CASH

$500
View Grant Profile

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