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Fountainrx Foundation Inc. is a private corporation based in MORRISTOWN, TN. The foundation received its IRS ruling in 2020. It holds total assets of $217K. Annual income is reported at $47K. Total assets have grown from $142K in 2018 to $226K in 2022. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. The foundation primarily funds organizations in Tennessee and Texas. According to available records, Fountainrx Foundation Inc. has made 64 grants totaling $164K, with a median grant of $2K. Annual giving has decreased from $99K in 2021 to $65K in 2022. Individual grants have ranged from $200 to $10K, with an average award of $3K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Tennessee, North Carolina, Texas, which account for 84% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$2K
Largest Grant
$5K
Based on 29 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Fountainrx Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in TN, NC, TX.
Fountainrx Foundation Inc. has distributed a total of $164K across 64 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $200 to $10K.
Fountainrx Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Fountainrx Foundation Inc. is headquartered in MORRISTOWN, TN. While based in TN, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Derek V Hicks | PRESIDENT | $0 | $0 | N/A |
| Joseph T Huntsman Ii | TREASURER | $0 | $0 | N/A |
| Ryan K Hollingsworth | SECRETARY | $0 | $0 | N/A |
Total Giving
$60K
Total Assets
$226K
Fair Market Value
$235K
Net Worth
$226K
Grants Paid
$55K
Contributions
$72K
Net Investment Income
$5K
Distribution Amount
$11K
Total: $192K
Total Grants
64
Total Giving
$164K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
24
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shepards InternationalSUPPORT THE MISSION OF 501(C)(3) ORG | Cary, NC | $5K | 2022 |
| Nolachucky Baptist AssociationSUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $5K | 2022 |
| The Avenue ChurchPROVIDE FUNDS TO THE CHURCH | Morristown, TN | $5K | 2022 |
| Lakeway Christian SchoolsSUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $5K | 2022 |
| Russellville Baptist ChurchPROVIDE FUNDS TO THE CHURCH | Russellville, TN | $5K | 2022 |
| East Tennessee State UniversitySUPPORT THE MISSION OF 501(C)(3) ORG | Johnson City, TN | $4K | 2022 |
| Scream UsaSUPPORT THE MISSION OF 501(C)(3) ORG | Northbridge, MA | $3K | 2022 |
| Kerygma VenturesSUPPORT THE MISSION OF 501(C)(3) ORG | Colleyville, TX | $3K | 2022 |
| Kashabba Tribe Ministries IncSUPPORT THE MISSION OF 501(C)(3) ORG | Wasilla, AK | $3K | 2022 |
| Fairview Baptist ChurchPROVIDE FUNDS TO THE CHURCH | Morristown, TN | $3K | 2022 |
| First Love On MainSUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $2K | 2022 |
| Dimensions MinistriesSUPPORT THE MISSION OF 501(C)(3) ORG | Bedford, TX | $2K | 2022 |
| First Baptist Church MorristownPROVIDE FUNDS TO THE CHURCH | Morristown, TN | $2K | 2022 |
| Ridin' High Therapeutic Horse ProgrSUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $2K | 2022 |
| Holston Um Home For ChildrenSUPPORT THE MISSION OF 501(C)(3) ORG | Greeneville, TN | $2K | 2022 |
| Fellowship Of Christian AthletesSUPPORT THE MISSION OF 501(C)(3) ORG | Kansas City, MO | $1K | 2022 |
| Hearts Of Christ MinistrySUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $1K | 2022 |
| Food On Foot FoundationSUPPORT THE MISSION OF 501(C)(3) ORG | Morristown, TN | $1K | 2022 |
| Leadership Catalyst Inc Dba TruefSUPPORT THE MISSION OF 501(C)(3) ORG | Dawsonville, GA | $1K | 2022 |
| Young Life LakewaySUPPORT THE MISSION OF 501(C)(3) ORG | Colorado Springs, CO | $500 | 2022 |
| Pregnancy Crisis CenterSUPPORT THE MISSION OF 510(C)(3) ORG | Morristown, TN | $10K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN