Fletcher Family Foundation
- Assets
- $5.5m
- Revenue
- $329.7k
- Investments
- $3.8m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 56-2393836
Organization Overview
Fletcher Family Foundation is located in Edina, MN. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fletcher 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.
For the year ending 12/2022, Fletcher Family Foundation generated $329.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $412.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fletcher Family Foundation has awarded 214 individual grants totaling $1,639,155. 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 |
|---|---|---|---|
Ronald Fletcher Chairman & Treasurer | 3 | $0 | |
Nancy Fletcher President | 3 | $0 | |
Kate Morgan Vice President & Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,333 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,394 |
| Net Rental Income | $41,623 |
| Net Gain on Sale of Assets | -$62,677 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $329,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,384 |
| Depreciation | $26,323 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,174 |
| Total operating and administrative expenses | $119,369 |
| Contributions, gifts, grants paid | $293,475 |
| Total expenses and disbursements | $412,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,594 |
| Savings and temporary cash investments | $710,692 |
| 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 | $961,427 |
| Investments—mortgage loans | $0 |
| Investments—other | $161,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,464,214 |
| 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, Fletcher Family Foundation has awarded $293,475 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AOPA AIR SAFETY FOUNDATION PURPOSE: GENERAL PURPOSES | $1,000 |
BATES COLLEGE PURPOSE: GENERAL PURPOSE | $500 |
BEVERLY ARTS CENTER PURPOSE: GENERAL PURPOSE | $6,500 |
CASA OF COOK COUNTY PURPOSE: GENERAL PURPOSES | $10,000 |
CAMP OUT FOR KIDS PURPOSE: GENERAL PURPOSE | $2,000 |
CHICAGO BOTANIC GARDEN PURPOSE: GENERAL PURPOSES | $2,500 |