First Federal Foundation Inc
- Assets
- $5.0m
- Revenue
- $33.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Lake City, FL
- Founding
- Data as of
- 12/2023
- EIN
- 86-1296449
Organization Overview
First Federal Foundation Inc is located in Lake City, FL. 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. First Federal Foundation Inc 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 12/2023, First Federal Foundation Inc generated $33.4k in total revenue. All expenses for the organization totaled $228.4k during the year ending 12/2023.
Since 2021, First Federal Foundation Inc has awarded 70 individual grants totaling $576,853. 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 |
|---|---|---|---|
Pamela Hitt Director, Secretary, COO | 0 | $0 | |
David G Brewer Director | 0 | $0 | |
John Medina Director, Chairmen | 0 | $0 | |
Philip Moses Director | 0 | $0 | |
Keith Leibfried Director, Vice Chairmen | 0 | $0 | |
Jennifer Anchors Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $991 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,066 |
| Total operating and administrative expenses | $36,669 |
| Contributions, gifts, grants paid | $191,742 |
| Total expenses and disbursements | $228,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,228 |
| 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 | $5,002,792 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,014,020 |
| 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, First Federal Foundation Inc has awarded $191,742 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
HOPEFUL HORIZONS PURPOSE: TO HELP PROVIDE SAFETY TO SURVIVORS OF CHILD ABUSE, DOMESTIC VIOLENCE, AND SEXUAL ASSAULT | $9,900 |
UNITED WAY OF SUWANNEE VALLEY PURPOSE: TO HELP MAKE PROGRESS IN SUPPORTING HEALH, EDUCATION, AND FINANCIAL STABILITY THROUGHOUT THE REGION | $10,900 |
BOYS & GIRLS CLUB OF MARION COUNTY PURPOSE: TO HELP BRIDGE OPPORTUNITY GAPS BY PROVIDING RESOURCES IN A SAFE HAVEN, WITH CARING MENTORS, AND LIFE ENHANCING PROGRAMS, SO THE YOUTH THRIVE | $1,000 |
EARLY LEARNING COALITION OF FLORIDA'S GATEWAY PURPOSE: TO HELP SUPPORT PARENTS AND CREATE QUALITY EARLY LEARNING PROGRAMS THAT LEAD TO CHILDREN'S EDUCATIONAL SUCCESS | $1,000 |
GULF COAST STATE COLLEGE PURPOSE: REMOVE FINANCIAL BARRIERS THAT OBSTRUCT STUDENT ACCESS TO EDUCATION | $1,000 |
PARTNERSHIP FOR STRONG FAMILIES PURPOSE: PROVIDE CHILD WELFARE SERVICES DEISGNED TO PROTECT LOCAL CHILDREN FROM ABUSE, NEGLECT AND ABANDONMENT AND ASSISTS IN ESTABLISHING SAFE AND PERMANENT HOMES WITH THEIR OWN FAMILIES, PARTNER FAMILIES OR ADOPTIVE PARENTS | $1,000 |