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EIN 26-1565007

Formanek Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Memphis
State
Tennessee
Year formed
2008
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Formanek Foundation is a private foundation that primarily funds to promote public education and academic progress for tennessee students from kindergarten through career, to provide healthcare to the underinsured working people, and made 41 grants last year. The grantees include State Collaborative On Reforming Education (TN Score). It is located in Memphis, TN.
Total revenues
$2,423,782
2022
Total expenses
$11,506,038
2022
Total assets
$143,020,816
2022
Num. employees
1
2022

Program areas at Formanek Foundation

Grants made by Formanek Foundation

GranteeGrant descriptionAmount
Church HealthTo Support the Provision of Health Care for Underinsured People$1,000,000
Memphis Riverfront Parks PartnershipTo Promote the Transformative Power of the Mississippi By Supporting Public Events on the River.$600,000
MusoTo Promote Effort To Eliminate Preventable Deaths Rooted in Poverty$400,000
...and 6 more grants made

Personnel at Formanek Foundation

NameTitleCompensation
Eric RobertsonExecutive Director$0
J Michael HowardDirector

Financials for Formanek Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$2,568,088
Net rental income$0
Net gain from sale of non-inventory assets$-3,362,605
Gross sales of inventory$0
Miscellaneous revenues$3,218,299
Total revenues$2,423,782

Form 990s for Formanek Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-11990PFView PDF
2019-122022-01-31990PFView PDF
2018-122019-12-19990PFView PDF
...and 7 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990PF for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $575,000 from Jonathan P Formanek Foundation
February 3, 2023
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
6075 Poplar Ave 726 Suite 726
Memphis, TN 38119
Metro area
Memphis, TN-MS-AR
Phone
(901) 797-9500
IRS details
EIN
26-1565007
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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