Fite Family Foundation
- Assets
- $7.9m
- Revenue
- $1.1m
- Investments
- $7.8m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4280222
Organization Overview
Fite Family Foundation is located in Santa Monica, CA. 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. Fite Family 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, Fite Family Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $778.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fite Family Foundation has awarded 110 individual grants totaling $2,104,400. 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 |
|---|---|---|---|
A Austin Fite Director | 4 | $0 | |
Lauren Fite Director | 4 | $0 | |
A Austin Fite Director | 4 | $0 | |
Lauren Fite Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $419,068 |
| Interest on Savings | $32,713 |
| Dividends & Interest | $96,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $511,018 |
| Capital Gain Net Income | $511,828 |
| Net ST Capital Gain | $29,933 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,990 |
| Total Revenue | $1,082,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,867 |
| Taxes | $2,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,750 |
| Total operating and administrative expenses | $56,010 |
| Contributions, gifts, grants paid | $722,450 |
| Total expenses and disbursements | $778,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,000 |
| Savings and temporary cash investments | $0 |
| 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 | $7,875,015 |
| 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, Fite Family Foundation has awarded $1,444,900 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INDIAN CHILD RESOUCE PURPOSE: FINANCIAL SUPPORT | $4,000 |
UCLA JONSSON CANCER CENTER PURPOSE: FINANCIAL SUPPORT | $10,000 |
GIRLS ATHLETIC LEADERSHIP SCHOOL PURPOSE: FINANCIAL SUPPORT | $50,000 |
LEAGUE OF WOMEN VOTERS EDUCATION FU PURPOSE: FINANCIAL SUPPORT | $10,000 |
MERCY CORPS PURPOSE: FINANCIAL SUPPORT | $20,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: FINANCIAL SUPPORT | $10,000 |