Fountainrx Foundation Inc
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.
Key facts about Fountainrx Foundation Inc
- EIN
- 83-2912584
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $49,990
- Grants made (2024)
- 13
- Average grant
- $3,845
- Median grant
- $2,000
- New grantees (estimate)
- 31% first-time grantees (4 of 13, 2024)
- Total assets
- $217,359
- Primary geography
- Tennessee (75% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Fountainrx Foundation Inc funds
By grant dollars, the top recipient states for Fountainrx Foundation Inc's 13 itemized 2024 grants were Tennessee (75%), Colorado (8%) and Georgia (6%). The most frequent recipient cities were Morristown, TN (5 grants) and Colorado Springs, CO (2 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support the Mission of 501(C)(3) Org" (12 grants).
Is Fountainrx Foundation Inc open to new grantees?
31%
first-time grantees, 2024
In 2024, 4 of 13 grantees (31%) were first-time recipients. 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 IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Fountainrx Foundation Inc
- How to evaluate Fountainrx Foundation Inc as a funder
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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
Ready to take the next step with Fountainrx Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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 recipients 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 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.