Fred S Foster Foundation 050012209400
- Assets
- $1.8m
- Revenue
- $119.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2010
- Data as of
- 02/2024
- EIN
- 91-6578955
Organization Overview
Fred S Foster Foundation 050012209400 is located in Milwaukee, WI. The organization was established in 2010. 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 S Foster Foundation 050012209400 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 02/2024, Fred S Foster Foundation 050012209400 generated $119.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $141.5k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank Na Co-Trustee | 1 | $31,369 | |
Jon Parker Co-Trustee | 1 | $3,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,395 |
| Capital Gain Net Income | $62,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,292 |
| Total Revenue | $119,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,119 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $37,619 |
| Contributions, gifts, grants paid | $103,856 |
| Total expenses and disbursements | $141,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,522 |
| 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 | $1,572,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,769,438 |
| 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 |