Fred And Christine Armstrong Foundation
- Assets
- $4.4m
- Revenue
- $673.2k
- Investments
- $4.1m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 86-0779817
Organization Overview
Fred And Christine Armstrong Foundation is located in Tucson, AZ. The organization was established in 1995. 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. Fred And Christine Armstrong 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 06/2022, Fred And Christine Armstrong Foundation generated $673.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $494.2k during the year ending 06/2022. While expenses have increased by 9.7% per year over the past 6 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.
Since 2015, Fred And Christine Armstrong Foundation has awarded 236 individual grants totaling $1,940,970. 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 |
|---|---|---|---|
Fred E Armstrong Jr Director/vice-President | 1 | $0 | |
Karen K Frey Director/president/treasurer | 5 | $0 | |
Zachary Armstrong Director | 1 | $0 | |
Cory M Armstrong Director | 1 | $0 | |
Traci A Hollis Director/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $146,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $519,372 |
| Capital Gain Net Income | $519,372 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,615 |
| Total Revenue | $673,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,606 |
| Total operating and administrative expenses | $94,202 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $494,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,068 |
| Savings and temporary cash investments | $281,640 |
| 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 | $4,443,435 |
| 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, Fred And Christine Armstrong Foundation has awarded $400,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS SOUTHERN ARIZONA CHAPTER PURPOSE: LOCAL DISASTER SERVICES FOR CHILDREN AND FAMILIES | $13,800 |
ANGEL HEART PAJAMA PROJECT PURPOSE: PROVIDE NEEDY CHILDREN WITH PAJAMAS AND BOOKS TO FOSTER LITERACY | $2,000 |
ARIZONA OPERA COMPANY PURPOSE: PROVIDE MUSIC APPRECIATION TO THE COMMUNITY | $6,800 |
ARIZONA'S CHILDREN ASSOCIATION PURPOSE: ASSIST NEEDY CHILDREN AND FAMILIES | $14,800 |
ARIZONA-SONORA DESERT MUSEUM PURPOSE: EDUCATION OF SONORAN DESERT WILDLIFE, FLORA, AND SEALIFE | $7,800 |
BALLET ARTS FOUNDATION PURPOSE: EDUCATE, SUPPORT, AND ADVANCE THE ART OF DANCE | $6,800 |