Faulhaber Foundation Inc
- Assets
- $4.0m
- Revenue
- $61.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Nokomis, FL
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 59-3680687
Organization Overview
Faulhaber Foundation Inc is located in Nokomis, FL. The organization was established in 2001. 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. Faulhaber 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 12/2022, Faulhaber Foundation Inc generated $61.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $244.3k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fritz Faulhaber Director | 1 | $0 | |
Ping Faulhaber Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $964 |
| Dividends & Interest | $60,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216 |
| Capital Gain Net Income | $216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,318 |
| Contributions, gifts, grants paid | $225,000 |
| Total expenses and disbursements | $244,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,688,534 |
| 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 | $153,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,957,058 |
| 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 | $58,754 |
| Total liabilities | $58,754 |
Grants Awarded
Over the last fiscal year, Faulhaber Foundation Inc has awarded $52,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS CHARITIES INC PURPOSE: TO SUPPORT THE RENOVATIONS OF ORPHANAGES THAT HELP CHILDREN LIVE AND GO TO SCHOOL IN SUITABLE ENVIRONMENTS | $2,000 |
GULF COAST COMMUNITY FOUNDATION INC PURPOSE: PROVIDES RESOURCES FOR CIVIC AND ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND HUMAN SERVICES, AND ARTS AND CULTURE. | $50,000 |