Forsythia Foundation Inc
- Assets
- $34.7m
- Revenue
- $3.9m
- Investments
- $34.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3990775
Organization Overview
Forsythia Foundation Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Forsythia 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, Forsythia Foundation Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 5 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, Forsythia Foundation Inc has awarded 82 individual grants totaling $4,517,000. 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 |
|---|---|---|---|
Shelley Hearne Executive Director | 30 | $153,450 | |
Alison Carlson President & Chair | 30 | $0 | |
Geoffrey Eisenberg Treasurer | 5 | $0 | |
Theodore Gannett Secretary | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brownson Rehmus & Foxworth | 12/30/21 | $96,540 |
Thinkwell Consulting Llc | 12/30/21 | $153,450 |
Arabella Advisors | 12/30/21 | $126,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $511,873 |
| Interest on Savings | $6,509 |
| Dividends & Interest | $548,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,786,039 |
| Capital Gain Net Income | $2,786,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,853,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,450 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $413 |
| Taxes | $64,149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,439 |
| Printing and publications | $0 |
| Other expenses | $217,312 |
| Total operating and administrative expenses | $703,439 |
| Contributions, gifts, grants paid | $885,000 |
| Total expenses and disbursements | $1,588,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,589 |
| Savings and temporary cash investments | $0 |
| 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 | $2,852 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,406,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,667,692 |
| Accounts payable and accrued expenses | $11,823 |
| 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 | $11,823 |
Grants Awarded
Over the last fiscal year, Forsythia Foundation Inc has awarded $885,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT FOR MIND THE STORE CAMPAIGN | $75,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT FOR TOXICS WORK | $75,000 |
San Francisco, CA PURPOSE: SUPPORT OF EARTHJUSTICE'S LEGAL TEAM'S ENVIRONMENTAL HEALTH WORK | $75,000 |
Bolinas, CA PURPOSE: GENERAL OPERATING SUPPORT FOR THE COLLABORATIVE ON HEALTH AND THE ENVIRONMENT & GRANT FOR PFAS IN AMERICA | $60,000 |
San Francisco, CA PURPOSE: SUPPORT FOR POLICY ADVOCACY FOR CONSUMER PRODUCTS AND CHEMICAL MANAGEMENT | $50,000 |
CLEAN PRODUCTION ACTION PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |
Forsythia Foundation Inc Washington, DC | $34,667,692 | $3,853,270 |
Joseph And Debra Weinberg Familyfoundation Inc Timonium, MD | $9,102,716 | $5,687,012 |
Huiying Memorial Foundation Potomac, MD | $11,596,790 | $2,271,166 |