Fountainrx Foundation Inc
Fountainrx Foundation Inc is a private foundation based in Morristown, Tennessee. Its 2024 filing reports grants to charitable organizations, including recipients in Tennessee and several other states.
Fountainrx Foundation Inc at a glance
In short: Fountainrx Foundation Inc gave $50K across 13 grants in 2024 (avg $4K), mostly in Tennessee. 31% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $49,990
- -9.4% vs 2023
- Grants made (2024)
- 13
- -58.1% vs 2023
- Average grant
- $3,845
- +116.2% vs 2023
- Median grant
- $2,000
- Total assets
- $217,359
- -3.7% vs 2023
- New grantees (estimate)
- 31% first-time grantees (4 of 13, 2024; small sample)
- Primary geography
- Tennessee (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fountainrx Foundation Inc
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 2825 W Andrew Johnson Hwy, Morristown, TN 37814
Phone: (423) 307-5757
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fountainrx Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Fairview Baptist Church ($25K). Together the top 10 received $48K.
Grant Size Distribution
108 grants across all recorded years
The most common grant size was under $50K: 108 grants of 108 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 75% of grant dollars went to recipients in Tennessee. The other reported recipient-state shares were Colorado, 8%; Georgia, 6%; Missouri, 4%; and Arizona, 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is Fountainrx Foundation Inc open to new grantees?
31%
first-time grantees, 2024
In 2024, 4 of 13 grantees (31%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $2K; repeat grants $5K. How we count
Medians: $2K first-time, $2K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- Giving fell 49% from 2021 to 2024. Method
- In 2024 it paid out 407% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $50K (2024) to $99K (2021). In 2024 it made 13 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fairview Baptist Church Morristown, TN | Provide Funds to the Church | $25,000 |
| Lakeway Christian Schools Morristown, TN | Support the Mission of 501(C)(3) Org | $7,000 |
| The New Horizons Foundation Colorado Springs, CO | Support the Mission of 501(C)(3) Org | $3,500 |
| Truface Dawsonville, GA | Support the Mission of 501(C)(3) Org | $3,000 |
| Alps Adult Day Services Morristown, TN | Support the Mission of 501(C)(3) Org | $2,090 |
| Fellowship of Christian Athletes Kansas City, MO | Support the Mission of 501(C)(3) Org | $2,000 |
| First Love on Main Morrsitown, TN | Support the Mission of 501(C)(3) Org | $2,000 |
| Continentals Global Foundation Scottsdale, AZ | Support the Mission of 501(C)(3) Org | $1,500 |
| Hearts of Christ Ministry Morristown, TN | Support the Mission of 501(C)(3) Org | $1,000 |
| Kerygma Ventures Colleyville, TX | Support the Mission of 501(C)(3) Org | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $217,359 | $47,386 | $55,743 | $49,990 | 13 | $50,080 | $723 | $12,313 |
| 2023 | $225,716 | $76,869 | $59,872 | $55,150 | 31 | $56,596 | $4,618 | $10,531 |
| 2022 | $208,719 | $83,330 | $67,182 | $65,000 | 29 | $65,125 | $9,273 | $9,830 |
| 2021 | $192,821 | $130,021 | $101,467 | $98,500 | 35 | — | $1,691 | $10,601 |
Under IRS private-foundation payout rules, Fountainrx Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include religious, educational, health-related, and benevolent activities. For example, The New Horizons Foundation describes its objective as helping individuals accomplish charitable objectives in religious, educational, scientific, benevolent, and health-related activities. ALPS Adult Day Services describes its work as providing a comprehensive health program with therapeutic activities and professional support for adults who should not be left alone during the day. Fellowship of Christian Athletes says its mission is to lead coaches and athletes into a growing relationship with Jesus Christ and the church. Kerygma Ventures describes its mission as spreading the Gospel by helping people apply biblical teachings in daily life.
Grantmaking
In filing year 2024, the foundation reported 13 grants totaling $49,990. Grant amounts ranged from $400 to $25,000, with a median of $2,000. Its largest reported grants included $25,000 to Fairview Baptist Church and $7,000 to Lakeway Christian Schools, both in Morristown, Tennessee; $3,500 to The New Horizons Foundation in Colorado Springs, Colorado; and $3,000 to TruFace in Dawsonville, Georgia.
The foundation’s 2023 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Derek V. Hicks as president, Ryan K. Hollingsworth as secretary, and Joseph T. Huntsman II as treasurer.
Fountainrx Foundation Inc is led by Derek V. Hicks, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Derek V. Hicks
President
On filings since 2021
1 hr/week
No compensation reported
Joseph T. Huntsman II
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Ryan K. Hollingsworth
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Fountainrx Foundation Inc
How much does Fountainrx Foundation Inc give each year?
Fountainrx Foundation Inc gave $50K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 31 grants.
What is Fountainrx Foundation Inc's typical grant size?
Fountainrx Foundation Inc's median grant in 2024 was $2,000, and its average grant was $3,845, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Fountainrx Foundation Inc that year got $2K on average.
Where does Fountainrx Foundation Inc give grants?
Fountainrx Foundation Inc gives mostly in Tennessee: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Colorado (8%) and Georgia (6%). The most frequent recipient cities were Morristown, TN (5 grants) and Colorado Springs, CO (2 grants).
Does Fountainrx Foundation Inc give general operating support?
Not in 2024: none of the 13 grants with a stated purpose on Fountainrx Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support the Mission of 501(C)(3) Org" (12 grants).
Who are Fountainrx Foundation Inc's largest grantees?
Fountainrx Foundation Inc's largest 2024 grantees include Fairview Baptist Church ($25,000), Lakeway Christian Schools ($7,000) and The New Horizons Foundation ($3,500), according to its 2024 IRS Form 990-PF. Together they received 71% of its itemized 2024 grant dollars.
How large is Fountainrx Foundation Inc?
Fountainrx Foundation Inc reported $217K in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What does Fountainrx Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include religious, educational, health-related, and benevolent activities. See mission & focus areas ↑
How do I apply for a grant from Fountainrx Foundation Inc?
Fountainrx Foundation Inc does not accept unsolicited proposals, according to Grantable's research on its published guidelines.
What is Fountainrx Foundation Inc's EIN?
Fountainrx Foundation Inc's EIN (Employer Identification Number) is 83-2912584. IRS Form 990 filing data is available on this page for 2021–2024.
Does Fountainrx Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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