Tailwinds Charitable Foundation Inc
- Assets
- $12.8m
- Revenue
- $364.5k
- Investments
- $12.2m
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 13-4201151
Organization Overview
Tailwinds Charitable Foundation Inc is located in Great Neck, NY. The organization was established in 2003. 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. Tailwinds Charitable Foundation Inc 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 12/2023, Tailwinds Charitable Foundation Inc generated $364.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $707.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tailwinds Charitable Foundation Inc has awarded 99 individual grants totaling $1,812,969. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Dworman Treasurer | 5 | $0 | |
Laura Smith Roethe Secretary | 5 | $0 | |
Sarah Katherine Dworman President & CEO | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $57,452 |
| Dividends & Interest | $419,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$391,211 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,316 |
| Total Revenue | $364,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,882 |
| Total operating and administrative expenses | $67,820 |
| Contributions, gifts, grants paid | $640,068 |
| Total expenses and disbursements | $707,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $555,439 |
| 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 | $12,227,024 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,782,463 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tailwinds Charitable Foundation Inc has awarded $640,068 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL OF ST JOHN THE DIVINE PURPOSE: CHARITABLE CONTRIBUTION | $500 |
WAGS WALKS PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: MEDICAL | $500 |
HEART FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
CROHN'S COLLITIS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
MANIFESTWORKS PURPOSE: UNHOUSED | $5,000 |