Forevergreen Foundation
- Assets
- $945.5k
- Revenue
- $7.3k
- Investments
- $882.9k
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 04/1998
- Data as of
- 05/2024
- EIN
- 38-3396202
Organization Overview
Forevergreen Foundation is located in Hobe Sound, FL. The organization was established in 1998. 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. Forevergreen 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 05/2024, Forevergreen Foundation generated $7.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $53.3k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forevergreen Foundation has awarded 72 individual grants totaling $401,150. 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 |
|---|---|---|---|
J Byron Chocola President/director | 0 | $0 | |
Kelley C Logan Secretary/treasurer/dir. | 0 | $0 | |
John M Logan Director | 0 | $0 | |
J Christopher Chocola Director | 0 | $0 | |
Sarah Chocola Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,789 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $279 |
| Total Revenue | $7,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $224 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,253 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $53,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,580 |
| Savings and temporary cash investments | $0 |
| 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 | $882,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $945,477 |
| 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, Forevergreen Foundation has awarded $45,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TUNNEL TO TOWERS PURPOSE: GENERAL FUND CONTRIBUTION | $1,000 |
BRAVE HEARTS PURPOSE: GENERAL FUND CONTRIBUTION | $10,000 |
CHRIST CHILD SOCIETY OF NORTHERN MICHIGAN PURPOSE: GENERAL FUND CONTRIBUTION | $1,000 |
FIRST PRESBYTERIAN CHURCH OF HARBOR SPRINGS PURPOSE: GENERAL FUND CONTRIBUTION | $1,000 |
NORTHWEST MI HABITAT FOR HUMANITY PURPOSE: GENERAL FUND CONTRIBUTION | $6,000 |
MCLAREN NORTHERN MICHIGAN FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $5,000 |