Forever Philanthropies Inc
- Assets
- $183.7k
- Revenue
- $160.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 90-0511110
Organization Overview
Forever Philanthropies Inc, operating under the name Rex Maughan Forever Giving Foundation The Forever Giving Foundation, is located in Scottsdale, AZ. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rex Maughan Forever Giving Foundation The Forever Giving 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, Rex Maughan Forever Giving Foundation The Forever Giving Foundation generated $160.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $227.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOREVER PHILANTHROPIES SUPPORTS ORGANIZATIONS THAT HELP WOMEN AND CHILDREN FACING HUNGER, POVERTY AND LIMITED MEDICAL CARE AS WELL AS COMMUNITIES RECOVERING FROM NATURAL DISASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREVER GIVING DONATED $137,669 TO THE HOPE AND HOMES FOR CHILDREN TO HELP THE ORGANIZATION END INSTITUTIONAL CARE OF CHILDREN AND PROVIDE LOVING AND SAFE FAMILY HOMES INSTEAD OF ORPHANAGES.
RISE AGAINST HUNGER
FOREVER GIVING DONATED $50,000 TO THE VOLUNTEER FLORIDA FOUNDATION TO HELP THE ORGANIZATION DISTRIBUTE FUNDS TO SERVICE ORGANIZATIONS THAT WILL SERVE INDIVIDUALS WITHIN THEIR COMMUNITIES WITH DISASTER RESPONSE AND RECOVERY.
FOREVER GIVING DONATED $25,750 TO THE KEEPING KIDS IN SCHOOL (KKIS) TO HELP THE ORGANIZATION PROVIDE FINANCIAL ASSISTANCE, EDUCATIONAL SUPPORT AND COMMUNITY CONNECTIONS FOR STUDENTS FROM KINDERGARTEN THROUGH UNIVERSITY THROUGH A VARIETY OF PROGRAMS IN MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Maughan President | OfficerTrustee | 1 | $0 |
Navaz Ghaswala Secretary | OfficerTrustee | 1 | $0 |
Rhonda Krause Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,122 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,102 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $137,669 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,593 |
| Total functional expenses | $227,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,681 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $183,681 |
| Total liabilities and net assets/fund balances | $183,681 |
Grants Awarded
Over the last fiscal year, Forever Philanthropies Inc has awarded $85,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VOLUNTEER FLORIDA FOUNDATION INC PURPOSE: TO PROVIDE DISASTER RELIEF. | $50,000 |
KKIS INC KEEPING KIDS IN SCHOOL PURPOSE: TO SUPPORT CAMPAIGN TO BENEFIT EDUCATION IN MEXICO. | $25,750 |
RISE AGAINST HUNGER PURPOSE: EVENT HELD IN SCOTTSDALE, AZ TO RAISE MONEY TO PROVIDE MEALS FOR THOSE IN NEED. | $10,000 |