Fortify Foundation
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Columbia, SC
- Founding
- Data as of
- 12/2022
- EIN
- 84-3953586
Organization Overview
Fortify Foundation is located in Columbia, SC. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Fortify Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fortify 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, Fortify Foundation generated $1.2m in total revenue. All expenses for the organization totaled $482.6k during the year ending 12/2022. While expenses have increased by 92.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FORTIFY FOUNDATION IS ORGANIZED AND OPERATED TO PROVIDE GREATER OPPORTUNITY AND WIDER ACCESSIBILITY TO CHRISTIAN EDUCATION, AS WELL AS TO IMPROVE AND BROADEN THE IMPACT OF EXISTING CHRISTIAN SCHOOLS. THE FOUNDATION ACCOMPLISHES ITS MISSION BY HELPING CHRISTIAN SCHOOLS RAISE GENERAL AND SPECIFIC ENDOWMENTS AND SCHOLARSHIPS. THE FOUNDATION ENCOURAGES AND FACILITATES MAJOR AND PLANNED GIFTS BENEFITING EACH SCHOOL'S FUND HELD AND MANAGED BY FORTIFY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, FORTIFY FOUNDATION CONTINUED TO GROW AND DEVELOPED A NETWORK OF RELATIONSHIPS WITH CHRISTIAN SCHOOLS. THE FOUNDATION CONDUCTED SEVERAL VIRTUAL FOCUS GROUPS WITH SCHOOL LEADERS AND PARTICIPATED IN A REGIONAL CONFERENCE OF CHRISTIAN SCHOOL ADMINISTRATORS. THE FOUNDATION'S PARTICIPATION INCLUDED A PRESENTATION OF THE BENEFITS OF ENDOWMENTS AS WELL AS A PLANNED GIVING PRIMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Earwood President | OfficerTrustee | 1 | $0 |
Dan Handford Vice President/secretary | OfficerTrustee | 1 | $0 |
JD Rye Treasurer | OfficerTrustee | 1 | $0 |
Wyman Shull Director | Trustee | 0.1 | $0 |
Jason Boehn Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,342,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,342,888 |
| Total Program Service Revenue | $9,058 |
| Investment income | -$136,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,216,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,160 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,641 |
| Fees for services: Accounting | $14,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,609 |
| Advertising and promotion | $103,722 |
| Office expenses | $6,145 |
| Information technology | $10,403 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,812 |
| All other expenses | $0 |
| Total functional expenses | $482,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,666 |
| Savings and temporary cash investments | $26,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,535,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,868,376 |
| Accounts payable and accrued expenses | $10,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,617 |
| Net assets without donor restrictions | $1,857,759 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,868,376 |
Grants Awarded
Over the last fiscal year, Fortify Foundation has awarded $37,053 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WESTGATE CHRISTIAN SCHOOL PURPOSE: General support | $9,932 |
MIDLAND VALLEY CHRISTIAN ACADEMY PURPOSE: General support | $14,958 |
SOUTH CAROLINA ASSOCIATION OF CHRISTIAN SCHOOLS PURPOSE: General support | $12,163 |