Fortinet Foundation
- Assets
- $11.1k
- Revenue
- $20.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1252333
Organization Overview
Fortinet Foundation is located in Sunnyvale, CA. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Fortinet 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 12/2021, Fortinet Foundation generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $15.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Jensen Ceo/pres/director | 1 | $0 | |
John Whittle Director | 1 | $0 | |
Christiane Ohlgart Cfo/treasurer (term 09/2021) | 1 | $0 | |
Samantha Symonds Secretary | 1 | $0 | |
John Maddison Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,696 |
| Total operating and administrative expenses | $1,696 |
| Contributions, gifts, grants paid | $13,491 |
| Total expenses and disbursements | $15,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,134 |
| 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 | $11,134 |
| 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, Fortinet Foundation has awarded $13,491 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $2,635 |
Kanab, UT PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $2,000 |
Chicago, IL PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $2,000 |
UNICEF PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $1,046 |
Boone, NC PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $1,000 |
ALSAC - ST JUDE PURPOSE: SUPPORT LOCAL CHARITY DURING COVID-19 CRISIS | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |
The Caesars Foundation Las Vegas, NV | $826,760 | $3,036,101 |
Harman Family Foundation Los Angeles, CA | $38,396,572 | $3,606,150 |
Kabcenell Family Foundation Portola Valley, CA | $22,759,228 | $4,877,522 |