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Filing year 2024

FORMANEK FOUNDATION

Memphis, Tennessee·EIN 26-1565007·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$21.3M
Total assets
$155.4M
Total expenses
$10.2M
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2024. FORMANEK FOUNDATION reported 6 unpaid officers and board members on its 990-PF.

President/director/exec Comm
Sec-treasurer/director/exec Comm
Director/executive Committee
Director
Director
Director

Grants paid

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

Total granted

$7.6M

Itemized grants

29

Median grant

$158k

RecipientLocationPurposeAmount
YOUTH VILLAGESMEMPHIS, TNTO SUPPORT PROGRAMS THAT WILL SERVE BOTH CHILDREN IN NEED AS WELL AS THEIR PARENTS$1.3M
BROOKS MUSEUMMEMPHIS, TNTO PROMOTE THE PROVISION OF VISUAL ART MEDIUM THROUGH DIVERSE EXHIBITS$1M
CHURCH HEALTH CENTERMEMPHIS, TNTO SUPPORT THE PROVISION OF HEALTH CARE FOR UNDERINSURED PEOPLE$750k
RIVERFRONT DEVELOPMENTMEMPHIS, TNTO PROMOTE THE TRANSFORMATIVE POWER OF THE MISSISSIPPI BY SUPPORTING PUBLIC EVENTS ON THE RIVER.$600k
JUST CITYMEMPHIS, TNTO ADVANCE POLICIES AND PROGRAMS FOR DISADVANTAGED PERSONS IN CRIMINAL JUSTICE SYSTEM FOCUSING ON EXPUNGEMENT AND BAIL$466k
MUSOSAN FRANCISCO, CATO PROMOTE EFFORT TO ELIMINATE PREVENTABLE DEATHS ROOTED IN POVERTY$400k
PURE ACADEMYMEMPHIS, TNTO DEVELOP YOUNG MEN FOR LIFELONG SUCCESS BY PROVIDING A COMPREHENSIVE EDUCATION WITHIN A SUPPORTIVE BOARDING SCHOOL ENVIRONMENT$400k
LWALANASHVILLE, TNTO UNLOCK THE POTENTIAL OF COMMUNITIES TO ADVANCE THEIR OWN COMPREHENSIVE WELL-BEING$300k
HEALTHY LEARNERSCOLUMBIA, SCTO IMPROVE THE HEALTH OF CHILDREN THROUGH SCHOOL-BASED COMMUNITY IN ZAMBIA$250k
HOMEBOY INDUSTRIESLOS ANGELES, CATO PROVIDE HOPE, TRAINING, AND SUPPORT TO PREVIOUSLY INCARCERATED AND FORMERLY GANG INVOLVED MEN AND WOMEN, ALLOWING THEM TO REDIRECT THEIR LIVES AND BECOME CONTRIBUTING MEMBERS OF OUR COMMUNITY$250k
JACARANDA HEALTHKETO HELP REACH UNDER-SERVED MOTHERS AND BABIES THROUGH GOVERNMENT HOSPITALS$250k
INTEGRATE HEALTHBRUNSWICK, METO HELP REMOVE CHILDREN'S HEALTH BARRIERS TO LEARNING$200k
CEO WORKSNEW YORK, NYTO SUPPORT COMPREHENSIVE EMPLOYMENT ACCESS FOR NEWLY RELEASED INMATES FROM TENNESSEE PRISONS AND CORRECTION CENTERS$175k
COMMUNITY LIFTMEMPHIS, TNTO IMPROVE MEMPHIS BY THE REVIVAL OF ITS DISINVESTED NEIGHBORHOODS$165k
TNTPNEW YORK CITY, NYTO TRANSFORM EDUCATION SO EVERY YOUNG PERSON THRIVES$158k
KCDC (KYANINGA CHILD DEVELOPMENT CENTRE)UGTO SUPPORT THE EFFORTS TO PROVIDE MEDICAL, THERAPEUTIC, EDUCATIONAL AND SOCIAL SERVICES IN WESTERN UGANDA$150k
LE BONHEUR CHILDREN'S HOSPITALMEMPHIS, TNTO SUPPORT THE WORK OF THE HOSPITAL IN THE SERVICES PROVIDED CHILDREN, ITS RESEARCH IN PEDIATRIC MEDICINE, AND TRAINING PHYSICIANS$137k
TENNESSEE INNOCENCE PROJECTNASHVILLE, TNTO PROMOTE THE INVESTIGATION AND LITIGATION OF PERSONS WITH EVIDENCE OF ACTUAL INNOCENCE$106k
PROTECT OUR AQUIFERMEMPHIS, TNTO SUPPORT THE PROTECTION AND PRESERVATION OF THE MEMPHIS SAND AQUIFER$100k
ST FRANCIS UGANDAUGTO CREATE ECONOMIC OPPORTUNITIES AMONG ADOLESCENT GIRLS AND YOUNG WOMEN IN FOUR (4) DISTRICTS IN CENTRAL AND EASTERN UGANDA$86k
EDUCATEDENVER, COTO PREPARE YOUTH IN AFRICA WITH THE SKILLS TO SUCCEED IN TODAY'S ECONOMY$75k
OSORWTO PROVIDE VULNERABLE YOUNG WOMEN WITH THE HOLISTIC SKILLS, TOOLS AND RESOURCES THEY NEED TO CREATE SUSTAINABLE LIVELIHOODS IN DESIGN AND ETHICAL FASHION$65k
SASAMANI FOUNDATIONOLD MYSTIC, CTTO SUPPORT GENDER EQUALITY IN EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES$63k
ST MARY'S PARISH SOUP KITCHENMEMPHIS, TNTO PROVIDE FOOD FOR THE POOR AND HOMELESS IN MEMPHIS, TENNESSEE$40k
STATE COLLABORATIVE ON REFORMING EDUCATION (TN SCORE)NASHVILLE, TNTO PROMOTE PUBLIC EDUCATION AND ACADEMIC PROGRESS FOR TENNESSEE STUDENTS FROM KINDERGARTEN THROUGH CAREER$38k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

FORMANEK FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$12M
$10.7M
2023
$21.3M
$10.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Tennessee

FORMANEK FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Tennessee earns a median of $35,455.

25th percentile
$11k
Median
$35,455
75th percentile
$87k
90th percentile
$212k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 340 organizations across 340 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Tennessee
FAQ

Common questions about FORMANEK FOUNDATION

What are FORMANEK FOUNDATION's revenue and expenses?

In 2024, FORMANEK FOUNDATION reported $21.3M in total revenue and $10.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.