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Fairfax Foundation EIN 34-1553708

Fairfax Foundation FY2022 filing

EIN  34-1553708 Private foundation / grantmaker Mentor, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Mentor, OH. It reported about $199K in revenue for 2022.
Money in and out
$199K revenue, $219K expenses
Bottom line
—

A private foundation based in Mentor, OH. It reported about $199K in revenue for 2022. For fiscal year 2022 it reported $199K in revenue, $219K in expenses, and $1.5M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Total assets
1.5M
deployed as grants and operations
Grants paid
70K
in FY2022
Grants made
56grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 56 grants · $4.6M · 2024–2024
University SchoolOH · FY2024$750,000
Urban Squash ClevelandOH · FY2024$750,000
Urban Community SchoolOH · FY2024$750,000
Hathaway Brown SchoolOH · FY2024$750,000
Our Family Services INCAZ · FY2024$250,000
Trees Water and PeopleCO · FY2024$215,000
EmergeFY2024$200,000
September School INCCO · FY2024$50,000
Doctors Without BordersFY2024$50,000
Kiva CenterCO · FY2024$50,000
Parkinsons Foundation INCNY · FY2024$50,000
God's Vast ResourcesFY2024$50,000
Pachamama AllianceCA · FY2024$50,000
Huntingtons Disease Socitey of America Group ReturnNY · FY2024$50,000
Gospel Rescue Mission INCFY2024$47,447
Planned Parenthood of Greater OhioOH · FY2024$40,000
ACLU of OhioFY2024$40,000
Human Rights Watch INCNY · FY2024$40,000
See all 56 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV26
Average grantPart XV$82K
Median grantPart XV$20K
Largest grantPart XV$750K
Top cause focusNTEEEnvironment (7%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$199K
FY2022▼ -7%
Expenses
$219K
FY2022▲ +7%
Total assets
$1.5M
FY2022▲ +3%
Total liabilities
$0
FY2022
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Total assetsPt II$1.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFairfax Foundation
EINHdr · item D34-1553708
Principal addressHdr · item CMentor, OH
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Fairfax Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$199K
Investment income$354
Total revenueLn 12$199K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.32 Operating & administrative $0.68
Grants & contributions paid32%$70K
Operating & administrative68%$149K
Total functional expensesLn 25$219K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $199K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $199K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $199K · Prior year $215K
-7%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $199K · Expenses $219K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $219K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.2M revenue · ⤓ 990 PDF
FY2023$3.6M revenue · ⤓ 990 PDF
FY2022$199K revenue · viewing · ⤓ 990 PDF
FY2021$215K revenue · ⤓ 990 PDF
FY2020$201K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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