Fountainrx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $217K in total assets. In 2024, it awarded 13 grants totaling $50K. Net investment income was $723.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$217K
-3.7% YoY
Annual Giving
$50K
-9.4% YoY
Grant Count
13
-58.1% YoY
Avg Grant Size
$4K
+116.2% YoY
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.
About Fountainrx Foundation Inc
Based on IRS filings
Fountainrx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $217K in total assets. In 2024, it awarded 13 grants totaling $50K. Net investment income was $723.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $217,359 | $225,716 | $208,719 |
| Revenue | $47,386 | $76,869 | $83,330 |
| Expenses | $55,743 | $59,872 | $67,182 |
| Qualifying Distributions | $50,080 | $56,596 | $65,125 |
| Net Investment Income | $723 | $4,618 | $9,273 |
| Distributable Amount | $12,313 | $10,531 | $9,830 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fairview Baptist Church ($25,000), Lakeway Christian Schools ($7,000), The New Horizons Foundation ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| FAIRVIEW BAPTIST CHURCH MORRISTOWN, TN | PROVIDE FUNDS TO THE CHURCH | $25,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | SUPPORT THE MISSION OF 501(C)(3) ORG | $2,000 |
| HEARTS OF CHRIST MINISTRY MORRISTOWN, TN | SUPPORT THE MISSION OF 501(C)(3) ORG | $1,000 |
| YOUNG LIFE LAKEWAY COLORADO SPRINGS, CO | SUPPORT THE MISSION OF 501(C)(3) ORG | $500 |
| ALPS ADULT DAY SERVICES MORRISTOWN, TN | SUPPORT THE MISSION OF 501(C)(3) ORG | $2,090 |
| LAKEWAY CHRISTIAN SCHOOLS MORRISTOWN, TN | SUPPORT THE MISSION OF 501(C)(3) ORG | $7,000 |
| CONTINENTALS GLOBAL FOUNDATION SCOTTSDALE, AZ | SUPPORT THE MISSION OF 501(C)(3) ORG | $1,500 |
| BREATH OF LIFE MINISTRIES MORRISTOWN, TN | SUPPORT THE MISSION OF 501(C)(3) ORG | $400 |
| THE NEW HORIZONS FOUNDATION COLORADO SPRINGS, CO | SUPPORT THE MISSION OF 501(C)(3) ORG | $3,500 |
| KERYGMA VENTURES COLLEYVILLE, TX | SUPPORT THE MISSION OF 501(C)(3) ORG | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEREK V HICKS | PRESIDENT | 1 | — |
| RYAN K HOLLINGSWORTH | SECRETARY | 1 | — |
| JOSEPH T HUNTSMAN II | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fountainrx Foundation Inc?
Fountainrx Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, TN. It holds $217K in total assets as of 2024.
How large is Fountainrx Foundation Inc?
As of 2024, Fountainrx Foundation Inc holds $217K in total assets with $47K in annual revenue. It awarded 13 grants totaling $50K in 2024.
Where does Fountainrx Foundation Inc operate?
Fountainrx Foundation Inc has awarded grants in Alaska, Arizona, Colorado, Georgia, Massachusetts, Missouri, North Carolina, Tennessee, Texas, West Virginia.
What size grants does Fountainrx Foundation Inc award?
In 2024, Fountainrx Foundation Inc awarded 13 grants totaling $50K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Fountainrx Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fountainrx Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Fountainrx Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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