Fountainrx Foundation Inc
- Assets
- $0.0
- Revenue
- $83.3k
- Investments
- $178.8k
- Employees
- 0
- Location
- Morristown, TN
- Founding
- 01/2020
- Data as of
- 06/2022
- EIN
- 83-2912584
Organization Overview
Fountainrx Foundation Inc is located in Morristown, TN. The organization was established in 2020. 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. Fountainrx 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 06/2022, Fountainrx Foundation Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.5%) each year.
Since 2021, Fountainrx Foundation Inc has awarded 64 individual grants totaling $163,500. 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 |
|---|---|---|---|
Derek V Hicks President | 1 | $0 | |
Ryan K Hollingsworth Secretary | 1 | $0 | |
Joseph T Huntsman II Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $72,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $2,787 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,182 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $67,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,865 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fountainrx Foundation Inc has awarded $65,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTS OF CHRIST MINISTRY PURPOSE: SUPPORT THE MISSION OF 501(C)(3) ORG | $1,000 |
RUSSELLVILLE BAPTIST CHURCH PURPOSE: PROVIDE FUNDS TO THE CHURCH | $5,000 |
FIRST LOVE ON MAIN PURPOSE: SUPPORT THE MISSION OF 501(C)(3) ORG | $2,000 |
HEARTS OF CHRIST MINISTRY PURPOSE: SUPPORT THE MISSION OF 501(C)(3) ORG | $1,000 |
LAKEWAY CHRISTIAN SCHOOLS PURPOSE: SUPPORT THE MISSION OF 501(C)(3) ORG | $1,000 |
LAKEWAY CHRISTIAN SCHOOLS PURPOSE: SUPPORT THE MISSION OF 501(C)(3) ORG | $5,000 |