Act Foundation
- Assets
- $32.9m
- Revenue
- $33.7m
- Investments
- $32.7m
- Employees
- 0
- Location
- Warwick, RI
- Founding
- Data as of
- 12/2022
- EIN
- 88-6178059
Organization Overview
Act Foundation is located in Warwick, RI. 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. Act Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Act Foundation has awarded 84 individual grants totaling $1,030,040. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,694,899 |
| Interest on Savings | $4,079 |
| Dividends & Interest | $50,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,608 |
| Capital Gain Net Income | $15,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,749,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $239,642 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,689 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,371 |
| Total operating and administrative expenses | $352,814 |
| Contributions, gifts, grants paid | $515,020 |
| Total expenses and disbursements | $867,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,269 |
| 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 | $32,881,927 |
| 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, Act Foundation has awarded $1,030,040 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
CHARIHO LITTLE LEAGUE PURPOSE: CHARITABLE | $5,000 |
AMERICAN LEGION BASEBALL PURPOSE: CHARITABLE | $5,000 |
ATLANTIC YOUTH ASSOCIATION PURPOSE: CHARITABLE | $5,000 |
BUTTON HOLE KIDS CUP PURPOSE: CHARITABLE | $5,000 |
CHILDREN'S WISHES PURPOSE: CHARITABLE | $5,000 |
BURRILVILLE GIRLS SOFTBALL ASSOCIAT PURPOSE: CHARITABLE | $5,000 |