Fitts Family Foundation Inc is located in Byfield, MA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fitts Family Foundation Inc 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 12/2021, Fitts Family Foundation Inc generated $68.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $11.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fitts Family Foundation Inc has awarded 223 individual grants totaling $264,995. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas K Fitts Director | 1 | $0 | |
Barbara F Nickerson Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $7,408 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $60,514 |
Capital Gain Net Income | $60,514 |
Net ST Capital Gain | $3,808 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $632 |
Total Revenue | $68,554 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $66 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $11,568 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $11,568 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $35,854 |
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 |
Over the last fiscal year, Fitts Family Foundation Inc has awarded $47,000 in support to 41 organizations.
Grant Recipient | Amount |
---|---|
Framingham, MA PURPOSE: YOUTH PROGRAM TO BUILD HEALTHY MINDS, SPIRITS, AND BODIES | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: INTERNATIONAL MEDICAL CARE | $3,000 |
ACLU FOUNDATION PURPOSE: DEFEND RIGHTS AND LIBERTIES GUARANTEED BY U.S. CONSTITUTION AND LAWS | $3,000 |
Washington, DC PURPOSE: SUPPORT EFFORTS TO STRENGTHEN OUR DEMOCRACY | $2,000 |
INTERNATIONAL CTR FOR JOURNALISTS PURPOSE: PROVIDE TRAINING, MENTORING, FINANCIAL SUPPORT TO JOURNALISTS AROUND THE WORLD | $2,000 |
San Francisco, CA PURPOSE: WORK TO END VIOLENCE AGAINST WOMEN AND CHILDREN | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |