Organix Foundation Inc
- Assets
- $1.2m
- Revenue
- $71.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 98-0349699
Organization Overview
Organix Foundation Inc is located in null. The organization was established in 2001. 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. Organix 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 12/2021, Organix Foundation Inc generated $71.9k 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 (7.0%) each year. All expenses for the organization totaled $46.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PURPOSE IS TO SUPPORT THE CHARITABLE ACTIVITIES OF OTHER CHARITABLE ORGANIZATIONS AND DOES NOT DIRECTLY CONDUCT ITS OWN CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Vanier Director | 0.25 | $0 | |
Jordan Harpur Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,219 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,297 |
| Contributions, gifts, grants paid | $7,978 |
| Total expenses and disbursements | $46,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,428 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,241,141 |
| Accounts payable and accrued expenses | $16,977 |
| 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 | $16,977 |
Grants Awarded
Over the last fiscal year, Organix Foundation Inc has awarded $154,491 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KENAUK INSTITUTE PURPOSE: GENERAL OPERATING | $104,361 |
PHELEPS HELP PURPOSE: GENERAL OPERATING | $11,927 |
YMCA QUEBEC PURPOSE: GENERAL OPERATING | $11,182 |
REGINA STREET ALTERNATIVE PURPOSE: GENERAL OPERATING | $7,454 |
CHRISTIE LAKE KIDS PURPOSE: GENERAL OPERATING | $7,454 |
FABRIQUE NOTRE DAME PURPOSE: GENERAL OPERATING | $4,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Bermuda Community Foundation | $258,050 | $2,243,657 |
Friends Of Sir M B Davis Jewish General Hospital | $3,083 | $476,091 |
Under The Same Sun Foundation Usa | $157,083 | $370,412 |
Keren Hiba Of The Greenfield Family For Assistance To Others | $7,542,663 | $7,735,333 |
Carleton University Foundation U S | $852 | $124,998 |
Organix Foundation Inc | $1,241,141 | $71,857 |
Friends Of Canadas National Ballet School | $112,613 | $0 |
Friends Of Haven Foundation Inc | $7,042 | $0 |
American Friends Of The Calgary Health Trust Foundation | $0 | $0 |