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Formanek Foundation

  • Memphis, TN
  • Tax-exempt since Feb. 2008
  • EIN: 26-1565007

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$12M (2023)

Expenses
$10.7M (2023)

Total Assets
$144M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,023,174
Expenses
$10,692,860
Net Income
$1,330,314
Net Assets
$144,351,130
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31,203
0.3%
Dividends $3,397,061
28.3%
Sales of Assets $5,613,921
46.7%
Other Income $2,980,989
24.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,434,674
69.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $144,351,130
Total Liabilities $0
Net Assets $144,351,130
Compensation
Key Employees and Officers Compensation Other
Eric Robertson (Executive Director) $200,000 $0
Walter W Rotchild (President/Director/Exec Comm) $0 $0
J Michael Howard Ii (Sec Treasurer/Director/Exec Comm) $0 $0
Jonathan Spitzer (Director/Executive Committee) $0 $0
Mary Lee Copp (Director) $0 $0
Ryan Carroll (Director) $0 $0
Robin L Formanek (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,423,782
Expenses
$11,506,038
Net Income
-$9,082,256
Net Assets
$143,020,816
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,165
0.3%
Dividends $2,559,923
> 100%
Sales of Assets -$3,362,605
Other Income $3,218,299
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,684,241
66.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $143,020,816
Total Liabilities $0
Net Assets $143,020,816
Compensation
Key Employees and Officers Compensation Other
Walter W Rotchild (President/Director) $0 $0
Mike Howard (Secretary Treasurer/Direct) $0 $0
Eric Robertson (Executive Director) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$114,831,780
Expenses
$4,543,030
Net Income
$110,288,750
Net Assets
$152,103,072
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $106,624,623
92.9%
Interest Revenue $590
0.0%
Dividends $952,330
0.8%
Sales of Assets $3,220,534
2.8%
Other Income $4,033,703
3.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,647,054
58.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $152,103,072
Total Liabilities $0
Net Assets $152,103,072
Compensation
Key Employees and Officers Compensation Other
Eric Robertson (Executive Director) $80,769 $0
Walter W Rotchild (President/Director) $0 $0
Mike Howard (Secretary Treasurer/Direct) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,305,217
Expenses
$4,090,331
Net Income
$4,214,886
Net Assets
$41,814,321
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,500,000
90.3%
Interest Revenue $1,572
0.0%
Dividends $1,459,374
17.6%
Sales of Assets $0
Other Income -$369,716
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,723,024
66.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $41,814,322
Total Liabilities $1
Net Assets $41,814,321
Compensation
Key Employees and Officers Compensation Other
Walter W Rotchild (President/Director) $0 $0
Mike Howard (Secretary Treasurer/Direct) $0 $0

Document Links

990-PF
Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,765,867
Expenses
$2,304,647
Net Income
$13,461,220
Net Assets
$37,599,436
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,386,680
65.9%
Interest Revenue $21,234
0.1%
Dividends $688,941
4.4%
Sales of Assets $3,898,784
24.7%
Other Income $770,228
4.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,530,555
66.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,599,436
Total Liabilities $0
Net Assets $37,599,436

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,497,433
Expenses
$1,256,236
Net Income
$241,197
Net Assets
$19,951,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $52,663
3.5%
Dividends $481,651
32.2%
Sales of Assets $1,265,441
84.5%
Other Income -$302,322
Notable Expenses Percent of Total Expenses
Charitable Disbursements $703,350
56.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,951,615
Total Liabilities $0
Net Assets $19,951,615

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,337,321
Expenses
$1,979,330
Net Income
-$642,009
Net Assets
$17,897,639
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $156
0.0%
Dividends $407,194
30.4%
Sales of Assets $585,419
43.8%
Other Income $344,552
25.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,515,850
76.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,897,639
Total Liabilities $0
Net Assets $17,897,639

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,471,567
Expenses
$1,306,773
Net Income
$1,164,794
Net Assets
$15,313,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,165,934
47.2%
Interest Revenue $979
0.0%
Dividends $580,669
23.5%
Sales of Assets $622,230
25.2%
Other Income $101,755
4.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $879,706
67.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,313,416
Total Liabilities $0
Net Assets $15,313,416

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,365,669
Expenses
$1,396,988
Net Income
$968,681
Net Assets
$14,481,516
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,435,884
60.7%
Interest Revenue $334
0.0%
Dividends $575,299
24.3%
Sales of Assets $282,564
11.9%
Other Income $71,588
3.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,003,450
71.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,481,516
Total Liabilities $0
Net Assets $14,481,516

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$987,458
Expenses
$1,354,927
Net Income
-$367,469
Net Assets
$14,681,135
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $602
0.1%
Dividends $986,129
99.9%
Sales of Assets $28,069
2.8%
Other Income -$27,342
Notable Expenses Percent of Total Expenses
Charitable Disbursements $611,649
45.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,681,135
Total Liabilities $0
Net Assets $14,681,135

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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