Norton Foundation Inc
- Assets
- $12.1m
- Revenue
- $1.3m
- Investments
- $10.7m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 61-6024040
Organization Overview
Norton Foundation Inc is located in Louisville, KY. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Norton 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, Norton Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $971.4k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 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.
Since 2017, Norton Foundation Inc has awarded 173 individual grants totaling $3,272,170. 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 |
|---|---|---|---|
Meredith Erickson Executive Director/secretary | 40 | $78,021 | |
Jane Newton President | 0.1 | $0 | |
S Brandon Coan Director | 0.1 | $0 | |
Margaret Keith Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $462,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $719,682 |
| Capital Gain Net Income | $719,682 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99,294 |
| Total Revenue | $1,281,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,021 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,900 |
| Interest | $0 |
| Taxes | $12,555 |
| Depreciation | $462 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,389 |
| Total operating and administrative expenses | $278,247 |
| Contributions, gifts, grants paid | $693,120 |
| Total expenses and disbursements | $971,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,441,923 |
| 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 | $767,994 |
| Net Land, buildings, and equipment | $1,096 |
| Other assets | $0 |
| Total assets | $12,117,381 |
| 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, Norton Foundation Inc has awarded $693,120 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: EDUCATION | $75,000 |
Louisville, KY PURPOSE: GENERAL OPERATIONS | $50,000 |
Louisville, KY PURPOSE: GENERAL OPERATIONS | $40,000 |
New Castle, KY PURPOSE: GENERAL OPERATIONS | $40,000 |
RIVER CITY DRUM CORP PURPOSE: ARTS EDUCATION | $35,000 |
KENTUCKY CENTER FOR THE PERFORMING ARTS PURPOSE: ARTS EDUCATION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Norton Foundation Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For The Ctrs For Disease Contr & Prevention Inc Atlanta, GA PURPOSE: EMERGENCY RESPONSE FUND-CORONAVIRUS | $55,000 |
Hope Scarves Inc Louisville, KY PURPOSE: METASTATIC BREAST CANCER RESEARCH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |