The Norton Foundation
- Assets
- $22.0m
- Revenue
- $1.9m
- Investments
- $21.7m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 86-0836442
Organization Overview
The Norton Foundation is located in Scottsdale, AZ. The organization was established in 1996. 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. Norton 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, Norton Foundation generated $1.9m 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 (3.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norton Foundation has awarded 97 individual grants totaling $4,476,335. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
"NONE" THE NORTON FOUNDATION SUPPORTS ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3) DEDICATED TO HELPING MEET CHARITABLE, EDUCATIONAL AND SCIENTIFIC NEEDS OF THE PHOENIX AREA, STATE OF ARIZONA, WESTERN UNITED STATES AND UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Norton Co-Chairman | 1 | $0 | |
John P Norton Co-Chairman | 1 | $0 | |
Melanie M Norton Director | 1 | $0 | |
Roger L Stevenson Pres/treas | 5 | $0 | |
Cheryl Oliver Ass't Treas | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,055,894 |
| Interest on Savings | $58,589 |
| Dividends & Interest | $147,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$405,747 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,519 |
| Total Revenue | $1,893,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249,887 |
| Total operating and administrative expenses | $522,276 |
| Contributions, gifts, grants paid | $1,028,600 |
| Total expenses and disbursements | $1,550,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,458 |
| Net Accounts receivable | $35,445 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $820,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,018,721 |
| 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, The Norton Foundation has awarded $1,753,100 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
10-90 COPPERSTATE FOUNDATION PURPOSE: OPERATING | $20,000 |
ANDRE HOUSE OF ARIZONA PURPOSE: OPERATING | $60,000 |
ARIZONA BURN FOUNDATION INC PURPOSE: OPERATING | $45,000 |
ARIZONA HUMANE SOCIETY PURPOSE: OPERATING | $40,000 |
BELYDIA PURPOSE: OPERATING | $2,000 |
CHILD CRISIS ARIZONA PURPOSE: OPERATING | $55,000 |