Mark And Amy Tercek Foundation
- Assets
- $7.2m
- Revenue
- $95.9k
- Investments
- $7.0m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/1998
- Data as of
- 05/2023
- EIN
- 13-3931295
Organization Overview
Mark And Amy Tercek Foundation is located in Albany, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark And Amy Tercek Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Mark And Amy Tercek Foundation generated $95.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $323.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mark And Amy Tercek Foundation has awarded 22 individual grants totaling $6,715,314. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Tercek Trustee | 1 | $0 | |
Amy Tercek Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,929 |
| Dividends & Interest | $79,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,731 |
| Capital Gain Net Income | $6,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $500 |
| Total Revenue | $95,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,379 |
| Taxes | $7,560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,619 |
| Contributions, gifts, grants paid | $272,500 |
| Total expenses and disbursements | $323,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,136 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,267,600 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,229,570 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,196 |
| Total liabilities | $7,196 |
Grants Awarded
Over the last fiscal year, Mark And Amy Tercek Foundation has awarded $272,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD BUSINESS SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $110,000 |
BUDO ACCELERATOR PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
WORK ON CLIMATE PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
ACUMEN FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
RESOURCES FOR THE FUTURE PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
WHOLESCHOOL MINDFULNESS PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |