Strong Family Foundation
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $1.2m
- Employees
- 0
- Location
- La Canada, CA
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 38-3986489
Organization Overview
Strong Family Foundation is located in La Canada, CA. The organization was established in 2018. 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. Strong 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, Strong Family Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.2% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George G Strong Jr Director | 5 | $0 | |
Annsley C Strong Director | 5 | $0 | |
Alexis P Strong Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,420,440 |
| Interest on Savings | $0 |
| Dividends & Interest | $441 |
| Net Rental Income | $4,000 |
| Net Gain on Sale of Assets | $181 |
| Capital Gain Net Income | $181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,093 |
| Total Revenue | $1,426,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,573 |
| Total operating and administrative expenses | $27,573 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $157,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,488 |
| 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 | $1,243,997 |
| Net Land, buildings, and equipment | $1,300,000 |
| Other assets | $111,300 |
| Total assets | $2,748,785 |
| 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, Strong Family Foundation has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: GENEAL PROGRAMS, UNRESTRICTED GIFTS | $40,000 |
MOUNT WILSON INSTITUTE PURPOSE: GENERAL PROGRAMS, UNRESTRICTED GIFTS | $5,000 |