Forman Fam Foundation Tr 12112013
- Assets
- $46.8m
- Revenue
- $2.4m
- Investments
- $46.4m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 38-7106076
Organization Overview
Forman Fam Foundation Tr 12112013 is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Forman Fam Foundation Tr 12112013 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, Forman Fam Foundation Tr 12112013 generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $8.9m during the year ending 12/2022. While expenses have increased by 46.9% 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 2014, Forman Fam Foundation Tr 12112013 has awarded 222 individual grants totaling $43,046,438. 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 |
|---|---|---|---|
Thomas Trala Treasurer/secretary | 3 | $37,855 | |
Michael C Forman Trustee | 1 | $0 | |
Jennifer S Rice Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,990,000 |
| Interest on Savings | $3,931 |
| Dividends & Interest | $311,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,103,290 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $81,701 |
| Total Revenue | $2,386,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,855 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,269 |
| Total operating and administrative expenses | $374,186 |
| Contributions, gifts, grants paid | $8,574,688 |
| Total expenses and disbursements | $8,948,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,932 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,147 |
| 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 | $41,152,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,793,519 |
| Accounts payable and accrued expenses | $116,324 |
| 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 | $116,324 |
Grants Awarded
Over the last fiscal year, Forman Fam Foundation Tr 12112013 has awarded $8,574,688 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION LIBERATION FUND OF PA PURPOSE: GENERAL SUPPORT | $15,000 |
BIG PICTURE PHILADELPHIA PURPOSE: BPP PLEDGE TO SUPPORT REAL WORLD LEARNING PROGRAM FOR STUDENTS AT EL CENTRO DE ESTUDIANTES (INSTALLMENT 2 OF 2) | $100,000 |
CENTER CITY DISTRICT FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
CENTER CITY DISTRICT FOUNDATION PURPOSE: SUPPORT FOR CENTER CITY RECOVERY | $50,000 |
COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
RODEPH SHOLOM CONGREGATION PURPOSE: GENERAL SUPPORT | $20,400 |