Louis & Josie Forchheimer Memorial Foundation Tr Uw
- Assets
- $8.3m
- Revenue
- $430.8k
- Investments
- $7.8m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1990
- Data as of
- 12/2023
- EIN
- 63-6161119
Organization Overview
Louis & Josie Forchheimer Memorial Foundation Tr Uw is located in Birmingham, AL. The organization was established in 1990. 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. Louis & Josie Forchheimer Memorial Foundation Tr Uw 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, Louis & Josie Forchheimer Memorial Foundation Tr Uw generated $430.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $584.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis & Josie Forchheimer Memorial Foundation Tr Uw has awarded 49 individual grants totaling $3,550,547. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $281,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,048 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $183,066 |
| Total Revenue | $430,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,235 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,731 |
| Total operating and administrative expenses | $55,451 |
| Contributions, gifts, grants paid | $529,130 |
| Total expenses and disbursements | $584,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,050 |
| 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 | $7,830,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,323,524 |
| 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, Louis & Josie Forchheimer Memorial Foundation Tr Uw has awarded $529,130 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATING | $52,913 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $52,913 |
MEMPHIS JEWISH HOME B'NAI B'RITH HOME & PURPOSE: GENERAL OPERATING | $52,913 |
SPRINGHILL AVENUE TEMPLE ATTN DAVID ROSE PURPOSE: GENERAL OPERATING | $158,739 |
UNITED WAY OF SOUTHWEST ALABAMA PURPOSE: GENERAL OPERATING | $105,826 |
DIABETIC CLINIC OF MOBILE INC PURPOSE: GENERAL OPERATING | $52,913 |