Fnz Foundation Inc
- Assets
- $5.9m
- Revenue
- $933.1k
- Investments
- $3.4m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 66-0535017
Organization Overview
Fnz Foundation Inc is located in Greensboro, NC. The organization was established in 1996. 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. Fnz 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, Fnz Foundation Inc generated $933.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $519.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED LIST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan J Klau Director | 0 | $0 | |
James R Klau Director | 0 | $0 | |
Susan Klau President | 0 | $0 | |
Phyllis K Tanenbaum Director | 0 | $0 | |
Ken Shahbaz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,753 |
| Dividends & Interest | $121,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $793,814 |
| Capital Gain Net Income | $90 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $933,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $120 |
| Taxes | $4,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $30,909 |
| Printing and publications | $0 |
| Other expenses | $1,112 |
| Total operating and administrative expenses | $129,717 |
| Contributions, gifts, grants paid | $390,102 |
| Total expenses and disbursements | $519,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,790 |
| Savings and temporary cash investments | $104,182 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,238,720 |
| Total assets | $5,873,285 |
| 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 |