Jonathan P Formanek Foundation
- Assets
- $8.3m
- Revenue
- -$176.9k
- Investments
- $5.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-3557941
Organization Overview
Jonathan P Formanek Foundation is located in Memphis, TN. The organization was established in 2019. 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. Jonathan P Formanek Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Jonathan P Formanek Foundation has awarded 67 individual grants totaling $1,891,000. 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 |
|---|---|---|---|
Jonathan P Formanek President/director | 0 | $0 | |
Andrew J Whitmore III Secretary-Treasurer/direct | 35 | $0 | |
Joyce H Sealand Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,473 |
| Dividends & Interest | $28,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$261,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,741 |
| Total Revenue | -$176,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,064 |
| Total operating and administrative expenses | $35,628 |
| Contributions, gifts, grants paid | $588,000 |
| Total expenses and disbursements | $623,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,520,069 |
| 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 | $3,164,141 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,299,565 |
| 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, Jonathan P Formanek Foundation has awarded $588,000 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ADEX (DALLAS ARCHITECTURE & DESIGN EXCHANGE) PURPOSE: TO PROMOTE ACCESS OF PUBLIC TO ARCHITECTURE AND DESIGN | $5,000 |
AMNESTY INTERNATIONAL USA PURPOSE: TO SUPPORT HUMAN RIGHTS FOR THOSE DENIED OF JUSTICE, FREEDOM, AND DIGNITY | $10,000 |
AMPHIBIAN STAGE PRODUTIONS PURPOSE: TO SUPPORT ART EDUCATION PROGRAMS FOR VETERANS AND YOUTH AND FREE PUBLIC EVENTS | $25,000 |
BRUCE WOOD DANCE PURPOSE: TO SUPPORT A DANCE COMPANY IN ITS EFFORTS TO ENTERTAIN AND ENRICH THE PUBLIC | $20,000 |
CENTER FOR URBAN PEDAGOGY PURPOSE: TO PROMOTE THE COLLABORATION WITH THE COMMUNITY ORGANIZERS AND ADVOCATES FOR SOCIAL JUSTICE | $5,000 |
ASHOKA PURPOSE: TO PROMOTE THE IDEA THAT EVERYONE CAN BE A CHANGEMAKER FOR A BETTER CHANGE IN THE WORLD | $10,000 |