The Furst Family Foundation
- Assets
- $6.3m
- Revenue
- $37.9k
- Investments
- $6.3m
- Employees
- 0
- Location
- Flower Mound, TX
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 75-2724923
Organization Overview
The Furst Family Foundation is located in Flower Mound, TX. The organization was established in 1997. 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. Furst Family Foundation 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, Furst Family Foundation generated $37.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Furst Family Foundation has awarded 14 individual grants totaling $2,346,599. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURSUANT TO THE BYLAWS ARTICLE 1 - PURPOSE, DIRECT CHARITABLE ACTIVITY INCLUDES SUPPORTING INDIVIDUALS IN NEED. SUPPORT PROVIDED TO LOS BORRACHOS MEMORIAL FUND TO PROVIDE FOR BASIC LIVING EXPENSES, FOOD, MEDICAL & HOUSING, FOR FAMILY WHOSE HUSBAND/FATHER, IN HIS 30'S, DIED SUDDENLY LEAVING A SINGLE MOM TO CARE FOR TWO YOUNG CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Furst Chairman | 1 | $0 | |
Robert S Furst Director | 1 | $0 | |
Debra L Furst Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $37,813 |
| Net Rental Income | -$431 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8 |
| Total Revenue | $37,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $542 |
| Total operating and administrative expenses | $15,916 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $99,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,527 |
| Savings and temporary cash investments | $17,468 |
| 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 | $5,742,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,311,816 |
| 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, The Furst Family Foundation has awarded $84,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOS BORRACHOS MEMORIAL FUND PURPOSE: DIRECT CHARITABLE ACTIVITY | $34,000 |
ADAPTIVE TRAINING FOUNDATION PURPOSE: CHARITABLE DONATION. | $25,000 |
NATIONAL LOUIS UNIVERSITY PURPOSE: CHARITABLE DONATION. | $25,000 |