Funger Foundation Inc
- Assets
- $4.2m
- Revenue
- $7.4k
- Investments
- $4.1m
- Employees
- 0
- Location
- Kents Store, VA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 54-1893307
Organization Overview
Funger Foundation Inc is located in Kents Store, VA. The organization was established in 1998. 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. Funger 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, Funger Foundation Inc generated $7.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (68.6%) each year. All expenses for the organization totaled $243.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Funger Foundation Inc has awarded 14 individual grants totaling $442,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norma Lee Funger Secretary/tr | 0 | $0 | |
Morton Funger President | 0 | $0 | |
C Richard Beyda Director | 0 | $0 | |
Lydia Joy Mcclain Director | 0 | $0 | |
Melanie Nichols Director | 0 | $0 | |
Keith Parker Funger Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $304 |
| Dividends & Interest | $7,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $3,063 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $243,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,841 |
| 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 | $3,231,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,228,304 |
| 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, Funger Foundation Inc has awarded $240,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENNEDY CENTER PURPOSE: CHARITABLE | $50,000 |
KENNEDY CENTER PURPOSE: CHARITABLE | $50,000 |
KENNEDY CENTER PURPOSE: CHARITABLE | $50,000 |
Landover, MD PURPOSE: CHARITABLE | $50,000 |
Washington, DC PURPOSE: CHARITABLE | $25,000 |
SMITHSONIAN AMERICAN ART MUSEU PURPOSE: CHARITABLE | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |
Kolibri Foundation Inc Washington, DC | $25,943,036 | $16,488,107 |
George Wolf Memorial Intrvs Tr Ua 08082003 Washington, DC | $12,689,943 | $2,315,178 |