Foster Fam Foundation Tr
- Assets
- $1.2m
- Revenue
- $107.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 35-6801625
Organization Overview
Foster Fam Foundation Tr is located in Vero Beach, FL. The organization was established in 2009. 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. Foster Fam Foundation Tr 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, Foster Fam Foundation Tr generated $107.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $95.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foster Fam Foundation Tr has awarded 151 individual grants totaling $394,187. 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 |
|---|---|---|---|
Charles M Foster Trustee | 0 | $0 | |
Elena M Foster Trustee | 0 | $0 | |
Charles M Foster V Trustee | 0 | $0 | |
Michelle F Miller Trustee | 0 | $0 | |
Catherine Foster Ellison Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,208 |
| Interest on Savings | $2,394 |
| Dividends & Interest | $14,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,990 |
| Capital Gain Net Income | $3,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,899 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,607 |
| Contributions, gifts, grants paid | $75,300 |
| Total expenses and disbursements | $95,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,181 |
| 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 | $1,214,051 |
| 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, Foster Fam Foundation Tr has awarded $75,300 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
VERO BEACH VOLUNTEER EMS PURPOSE: PROGRAM SUPPORT | $500 |
BARNES FOUNDATION PURPOSE: PROGRAM SUPPORT | $300 |
BASCOM PALMER EYE INSTITUTE UNIVERSITY OF MIAMI HEALTH SYSTEM PURPOSE: PROGRAM SUPPORT | $10,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: PROGRAM SUPPORT | $500 |
FUND OF FRIENDS SEMINARY PURPOSE: EDUCATIONAL PROGRAMS SUPPORT | $5,000 |
GOODSPEED OPERA COMPANY PURPOSE: PROGRAM SUPPORT | $5,000 |