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Filing year 2024

FM FOUNDATION

Johnston, Rhode Island·EIN 22-2773230·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1M
Total assets
$16.8M
Total expenses
$8.2M
Reported officers
10

Reported officers (all unpaid)

No paid executives reported in 2024. FM FOUNDATION reported 10 unpaid officers and board members on its 990-PF.

Secretary
Director Chairman President & CEO
EVP & CEO
EVP Investments
Executive Vice President
CSO
Emea Division Manager
SVP Engineering & Research
Assistant Vice President Finance
Director Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$7.9M

Itemized grants

25

Median grant

$40k

RecipientLocationPurposeAmount
United Way of Rhode IslandProvidence, RIContribution provided$3M
American Online Giving FoundationClearwater, FLContribution provided$1.9M
National Medal of Honor Museum FoundationArlington, TXContribution provided$1M
United Way of King CountySeattle, WAContribution provided$380k
International Scholarship & Tuition ServicesNashville, TNContribution provided$370k
Spencer Educational FoundationNew York, NYContribution provided$350k
United Way of King CountySeattle, WAContribution provided$308k
United Kingdom Online Giving FoundationLondon, UKContribution provided$206k
United Way of Metropolitan Dallas IncDallas, TXContribution provided$96k
United Way of Metropolitan Dallas IncDallas, TXContribution provided$75k
United Way of TriCountyFramingham, MAContribution provided$64k
United Way of TriCountyFramingham, MAContribution provided$54k
MA Maritime Academy FoundationBuzzards Bay, MAContribution provided$40k
University of Southern CaliforniaLos Angeles, CAContribution provided$20k
First TeePonte Vedra Beach, FLContribution provided$10k
United Way of Metropolitan ChicagoChicago, ILContribution provided$8k
ARMADA TOWNSHIP FIRE DEPARTMENTARMADA, MIContribution provided$6k
United Way of Greater Philadelphia & Southern New JerseyPhiladelphia, PAContribution provided$4k
CATHEDRAL CITY FIRE DEPARTMENTCATHEDRAL CITY, CAContribution provided$3k
Johnston School DistrictJohnston, RIContribution provided$3k
SAINT JOSEPH CHARTER TOWNSHIP FD 2SAINT JOSEPH, MIContribution provided$2k
BOROUGH OF CRESSKILLCRESSKILL, NJContribution provided$2k
POMFRT FIRE MARSHALPOMFRET, CTContribution provided$1k
United Way of Metropolitan ChicagoChicago, ILContribution provided$1k
Greater Twin Cities United WayMinneapolis, MNContribution provided$200
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

FM FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$198k
$6.5M
2023
$1M
$8.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Rhode Island

FM FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Rhode Island earns a median of $18,000.

25th percentile
$7k
Median
$18,000
75th percentile
$46k
90th percentile
$97k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 133 organizations across 133 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Rhode Island
FAQ

Common questions about FM FOUNDATION

What are FM FOUNDATION's revenue and expenses?

In 2024, FM FOUNDATION reported $1M in total revenue and $8.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.