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Fossil Foundation EIN 46-1120769

Fossil Foundation FY2020 filing

EIN  46-1120769 Private foundation / grantmaker Richardson, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Richardson, TX. It reported about $515K in revenue for 2020.
Money in and out
$515K revenue, $21.9M expenses
Bottom line
—

A private foundation based in Richardson, TX. It reported about $515K in revenue for 2020. For fiscal year 2020 it reported $515K in revenue, $21.9M in expenses, and $2.2M in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$21.9M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21.4M
Total assets
2.5M
deployed as grants and operations
Grants paid
1.5M
in FY2020
Grants made
9grants
total in period
Payout rate
59%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 9 grants · $350K · 2025–2025
Quest AllianceFY2025$75,000
African Visionary FundFY2025$50,000
African Visionary FundFY2025$50,000
Medha FoundationFY2025$50,000
Medha Learning FoundationFY2025$50,000
Array EducationFY2025$30,000
Greencheck INCFY2025$25,000
Community Foundation of TxFY2025$10,000
Team RubiconFY2025$10,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$39K
Median grantPart XV$50K
Largest grantPart XV$75K

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$515K
FY2020
Expenses
$21.9M
FY2020
Total assets
$2.5M
FY2020
Total liabilities
$235K
FY2020
Total revenue
$515K
Pt VIII · Ln 12
Total expenses
$21.9M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Total assetsPt II$2.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFossil Foundation
EINHdr · item D46-1120769
Principal addressHdr · item CRichardson, TX
WebsiteHdr · item Jwww.fossilgroup.com
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFFeb 2013

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 Fossil Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$500K · 97%
Investment income$15K · 3%
Contributions & grants97%$500K
Investment income3%$15K
Total revenueLn 12$515K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.07 Operating & administrative $0.93
Grants & contributions paid7%$1.5M
Operating & administrative93%$20.4M
Total functional expensesLn 25$21.9M

Balance Sheet

Part X · end of year
CashLn 1$2.1M
Total assetsLn 16$2.5M
Total liabilitiesLn 26$235K
Total net assetsLn 32$2.2M
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $515K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $515K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $515K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $515K · Expenses $21.9M
-4147%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
—
Net-asset ratio
Net assets $2.2M · Total assets $2.5M
90%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $21.9M
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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
FY2025 (Latest)$69K revenue · ⤓ 990 PDF
FY2024$37K revenue · ⤓ 990 PDF
FY2023$52K revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$515K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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