Norton Foundation Inc
- Assets
- $10.4m
- Revenue
- $475.5k
- Investments
- $9.2m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/1959
- Data as of
- 12/2023
- 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 12/2023, Norton Foundation Inc generated $475.5k 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 (14.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Norton Foundation Inc has awarded 245 individual grants totaling $4,767,900. 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 |
|---|---|---|---|
Jane Newton President | 0.1 | $0 | |
Meredith Erickson Executive Director/secretary | 40 | $72,610 | |
Margaret Keith Vice President | 0.1 | $0 | |
S Brandon Coan Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $276,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,661 |
| Capital Gain Net Income | $31,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $167,291 |
| Total Revenue | $475,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,610 |
| Other employee salaries and wages | $21,520 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,379 |
| Depreciation | $415 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $756 |
| Printing and publications | $0 |
| Other expenses | $34,275 |
| Total operating and administrative expenses | $296,704 |
| Contributions, gifts, grants paid | $749,740 |
| Total expenses and disbursements | $1,046,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,144,281 |
| 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 | $3,040,643 |
| Net Land, buildings, and equipment | $219 |
| Other assets | $0 |
| Total assets | $10,375,004 |
| 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 $749,740 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
21ST CENTURY PARKS INC PURPOSE: GENERAL OPERATIONS | $10,000 |
300 FOR 300 PURPOSE: GENERAL OPERATIONS | $20,000 |
ACTORS THEATRE OF LOUISVILLE INC PURPOSE: GENERAL OPERATIONS | $10,000 |
AMERICANA COMMUNITY CENTER PURPOSE: GENERAL OPERATIONS | $15,000 |
BELLEWOOD & BROOKLAWN PURPOSE: GENERAL OPERATIONS | $5,000 |
BERRY CENTER INC PURPOSE: GENERAL OPERATIONS | $40,000 |