The Forster Foundation
- Assets
- $57.7k
- Revenue
- $40.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-5044139
Organization Overview
The Forster Foundation is located in Westerville, OH. The organization was established in 2017. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forster 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 12/2022, Forster Foundation generated $40.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $29.2k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF OUTINGS ARE ORGANIZED FOR THE PURPOSE OF RAISING FUNDS FOR LAW ENFORCEMENT & FIRE-FIGHTER FAMILIES IN NEED. TO PROVIDE COLLEGE SCHOLARSHIPS, OPPORTUNITIES, AND ASSISTANCE TO CHILDREN OF LAW ENFORCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Harmon President | 12 | $0 | |
Jacob Day Vice-Preside | 4 | $0 | |
Stephanie Derga Director | 3 | $0 | |
Kristin Harmon Advisor | 6 | $0 | |
Catherine Kirk Treasurer | 3 | $0 | |
Jean Forster Forster Dele | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,985 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $26,487 |
| Total Revenue | $40,479 |
| 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 | $15,854 |
| Total operating and administrative expenses | $16,479 |
| Contributions, gifts, grants paid | $12,751 |
| Total expenses and disbursements | $29,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,749 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,749 |
| 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 Forster Foundation has awarded $12,751 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARRIE ASH PURPOSE: HARDSHIP GRANT | $1,500 |
JESSICA SLOWINSKY PURPOSE: HARDHIP GRANT | $1,500 |
THOMAS DAMRON JR PURPOSE: HARDSHIP GRANT | $1,500 |
KENNY FISHER PURPOSE: HARDSHIP GRANT | $1,500 |
CHRISTINA BELL PURPOSE: HARDSHIP GRANT | $1,500 |
RICHARD BURNS PURPOSE: FLIGHT FOR TREATMENT AT WARRIORS HEA | $656 |