8020 Foundation Tr
- Assets
- $223.2m
- Revenue
- $169.3m
- Investments
- $218.3m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3518678
Organization Overview
8020 Foundation Tr is located in Fort Wayne, IN. The organization was established in 2018. 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. 8020 Foundation Tr 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, 8020 Foundation Tr generated $169.3m in total revenue. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 102.2% per year over the past 3 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 2020, 8020 Foundation Tr has awarded 111 individual grants totaling $17,760,449. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 80/20 FOUNDATION TRUST IS COMMITTED TO GROWING AND STRENGTHENING THE MANUFACTURING SECTOR IN THE MIDWEST REGION. THE FOUNDATION PARTNERS WITH VOCATIONAL SCHOOLS, COMMUNITY COLLEGES, CAREER ACADEMIES, TECHNICAL COLLEGES, FOUR-YEAR UNIVERSITIES, TRADE SCHOOLS AND RELATED COMMUNITY ORGANIZATIONS TO STRENGTHEN THE MANFACTURING SECTOR. DURING 2021, 6,402,954 WAS DISBURSED TO FORTY- NINE CHARITABLE ORGANIZATIONS FOR THE SCHOLARSHIPS, CAPITAL EXPENDITURES AND PROGRAM DEVELOPMENT. AT 12.31.2021, 2,336,932 IS PLEDGED FOR FUTURE PERIODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Macknick Executive Di | 35 | $164,836 | |
Steven George Dir Finance | 35 | $88,512 | |
Danielle Rich Program Offi | 35 | $82,218 | |
John Wood Chair | 20 | $40,000 | |
Brian Emerick Secretary | 10 | $33,750 | |
Patrick Buesching Treasurer | 10 | $26,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2nd Story Marketing | 12/30/21 | $62,457 |
Phillips Financial Management Llc | 12/30/21 | $278,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,492,424 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,666,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,695 |
| Capital Gain Net Income | $119,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75 |
| Total Revenue | $169,278,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $321,086 |
| Other employee salaries and wages | $243,562 |
| Pension plans, employee benefits | $51,425 |
| Interest | $25 |
| Taxes | $104,004 |
| Depreciation | $6,875 |
| Occupancy | $127,119 |
| Travel, conferences, and meetings | $18,639 |
| Printing and publications | $6,087 |
| Other expenses | $144,987 |
| Total operating and administrative expenses | $1,427,196 |
| Contributions, gifts, grants paid | $4,874,269 |
| Total expenses and disbursements | $6,301,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,290 |
| Savings and temporary cash investments | $2,497,290 |
| 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 | $2,217,389 |
| Other assets | $85,897 |
| Total assets | $223,223,701 |
| Accounts payable and accrued expenses | $285,312 |
| Grants payable | $2,314,732 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $40,000 |
| Total liabilities | $2,640,044 |
Grants Awarded
Over the last fiscal year, 8020 Foundation Tr has awarded $6,999,560 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
BLUFFTON HARRISON MSD PURPOSE: MANUFACTURING EQUIPMENT | $1,012,813 |
North Manchester, IN PURPOSE: CAPITAL BUILDING | $500,000 |
PURDUE UNIVERSITY FORT WAYNE PURPOSE: AUTOMATION EQUIPMENT | $497,570 |
WHITKO COMMUNITY SCHOOLS PURPOSE: MANUFACTURING EQUIPMENT | $486,775 |
Kendallville, IN PURPOSE: AUTOMATION EQUIPMENT | $472,094 |
Angola, IN PURPOSE: AUTOMATION EQUIPMENT | $393,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |
Colonel Il James N Pritzker Charitable Distribution Fund Chicago, IL | $104,212,573 | $19,788,937 |