Fitts Family Foundation Inc
- Assets
- $35.9k
- Revenue
- $68.6k
- Investments
- $35.9k
- Employees
- 0
- Location
- Byfield, MA
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1016520
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas K Fitts President | 1 | $0 | |
Barbara F Nickerson Treasurer | 1 | $0 | |
Barbara F Nickerson Clerk | 1 | $0 | |
Douglas K Fitts Director | 1 | $0 | |
Barbara F Nickerson Director | 1 | $0 |
Financial Statements
| 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 |
Grants Awarded
Over the last fiscal year, Fitts Family Foundation Inc has awarded $47,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: DEFEND RIGHTS AND LIBERTIES GUARANTEED BY U.S. CONSTITUTION AND LAWS | $3,000 |
AMERICAN RED CROSS PURPOSE: ALLEVIATE SUFFERING IN THE FACE OF EMERGENCIES | $500 |
ALZHEIMER'S ASSOCIATION PURPOSE: PROVIDE SUPPORT, SERVICES, AND FUND RESEARCH | $500 |
AMNESTY INTERNATIONAL PURPOSE: FIGHT HUMAN RIGHTS ABUSE WORLDWIDE | $1,000 |
EASTERN UNIVERSITY FUND PURPOSE: FINANCIAL AID AND SCHOLARSHIPS | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: INTERNATIONAL MEDICAL CARE | $3,000 |