Fgp Foundation
- Assets
- $848.9k
- Revenue
- $250.0k
- Investments
- $678.4k
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-6952879
Organization Overview
Fgp Foundation is located in Wayne, PA. The organization was established in 2017. 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. Fgp 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, Fgp Foundation generated $250.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $42.9k during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 7 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, Fgp Foundation has awarded 79 individual grants totaling $142,331. 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
ACTIVITIES CONSIST OF GRANT MAKING TO RECOGNIZED SECTION 501(C)(3) ORGANIZATIONS AS DETAILED IN PART XIV OF THIS RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank S Polizzi Jr Trustee | 5 | $0 | |
Angela L Polizzi Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225,115 |
| Interest on Savings | $239 |
| Dividends & Interest | $24,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $377 |
| Capital Gain Net Income | $377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $249,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $312 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,478 |
| Contributions, gifts, grants paid | $39,400 |
| Total expenses and disbursements | $42,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $170,508 |
| 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 | $848,881 |
| 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, Fgp Foundation has awarded $39,400 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
J WOOD PLATT CADDIE SCHOLARSHIP TRU PURPOSE: CHARITABLE PURPOSE | $1,000 |
WXPN PURPOSE: CHARITABLE PURPOSE | $2,000 |
BRANDYWINE CONSERVANCY MUSEUM OF AR PURPOSE: CHARITABLE PURPOSE | $2,000 |
BOYS AND GIRLS CLUBS OF DELAWARE PURPOSE: CHARITABLE PURPOSE | $2,000 |
HOLY ROSARY REGIONAL PURPOSE: CHARITABLE PURPOSE | $2,400 |
LUTHERAN SETTLEMENT HOUSE PURPOSE: CHARITABLE PURPOSE | $2,000 |