Further Foundation
- Assets
- $3.3m
- Revenue
- $152.9k
- Investments
- $2.7m
- Employees
- 563
- Location
- Wilmington, DE
- Founding
- 08/1994
- Data as of
- 06/2023
- EIN
- 47-0772447
Organization Overview
Further Foundation is located in Wilmington, DE. The organization was established in 1994. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Further Foundation employed 563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Further 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 06/2023, Further Foundation generated $152.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (45.8%) each year. All expenses for the organization totaled $235.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (42.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Further Foundation has awarded 25 individual grants totaling $555,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN & ADULTS WITH DEVELOPMENTAL DISABILITIES GAIN SKILLS, KNOWLEDGE, & EXPERIENCE TO FUNCTION IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND TRAINING TO DEVELOPMENTALLY IMPAIRED CHILDREN AND ADULTS TO GAIN SKILLS AND KNOWLEDGE TO FUNCTION IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hamilton Treas, Dir | 0 | $0 | |
Brian Kanter Dir, Pres | 2 | $0 | |
Nathan Lore Dir | 0 | $0 | |
Sam Manzitto Sr VP | 0 | $0 | |
Tiffany Schnittker Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,325 |
| Dividends & Interest | $57,725 |
| Net Rental Income | $30,818 |
| Net Gain on Sale of Assets | $40,663 |
| Capital Gain Net Income | $40,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,355 |
| Depreciation | $8,306 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,889 |
| Total operating and administrative expenses | $47,286 |
| Contributions, gifts, grants paid | $188,500 |
| Total expenses and disbursements | $235,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,305 |
| 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 | $81,692 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,264,113 |
| Accounts payable and accrued expenses | $7,025 |
| 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 | $7,025 |
Grants Awarded
Over the last fiscal year, Further Foundation has awarded $188,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF LINCOLNLANCASTER COUNTY PURPOSE: GENERAL & UNRESTRICTED | $23,000 |
CHILDRENS RESPITE CARE CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
CYSTIC FIBROSIS FOUNDATION - NEBRASKA CHAPTER PURPOSE: GENERAL & UNRESTRICTED | $23,000 |
GENERATION DIAMOND CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
LAUNCH LEADERSHIP INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
LINCOLN CHILDRENS MUSEUM PURPOSE: GENERAL & UNRESTRICTED | $5,000 |