Fore Aces Family Foundation
- Assets
- $4.5m
- Revenue
- -$211.8k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4047076
Organization Overview
Fore Aces Family Foundation is located in Wilmington, DE. The organization was established in 2012. 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. Fore Aces 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.
Since 2016, Fore Aces Family Foundation has awarded 106 individual grants totaling $7,083,487. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,077 |
| Interest on Savings | $12 |
| Dividends & Interest | $138,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$383,886 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | -$211,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,698 |
| Total operating and administrative expenses | $76,461 |
| Contributions, gifts, grants paid | $1,032,000 |
| Total expenses and disbursements | $1,108,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,016 |
| 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 | $4,538,435 |
| 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, Fore Aces Family Foundation has awarded $1,032,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPLAIN COLLEGE INC PURPOSE: CHAMPLAIN FUND | $50,000 |
CHAMPLAIN HOUSING TR PURPOSE: HOMES, HEALTH AND EQUITY CAMPAIGN | $50,000 |
KIDS ON THE BALL INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
KING STREET CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
LAKE CHAMPLAIN COMMUNITY SAILING CENTER INC PURPOSE: WATERFRONT REDEVELOPMENT PROJECT | $50,000 |
LAKE CHAMPLAIN LIFELONG LEARNING FUND INC PURPOSE: LAUNCHVT 2023 SPONSOR | $5,000 |