Tsunami Foundation
- Assets
- $26.3m
- Revenue
- $1.6m
- Investments
- $26.1m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 05/1994
- Data as of
- 12/2020
- EIN
- 13-7019761
Organization Overview
Tsunami Foundation is located in West Palm Beach, FL. The organization was established in 1994. 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. Tsunami 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 12/2020, Tsunami Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tsunami Foundation has awarded 193 individual grants totaling $12,460,115. 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 |
|---|---|---|---|
Philip J Andryc Trustee | 2 | $75,000 | |
Anson Mccook Beard Jr Settlor | 10 | $0 | |
Debra Beard Trustee | 1 | $0 | |
Anson H Beard Trustee | 1 | $0 | |
Veronica M Beard Trustee | 1 | $0 | |
James M Beard Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,991 |
| Dividends & Interest | $485,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $978,919 |
| Capital Gain Net Income | $978,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,850 |
| Total Revenue | $1,594,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,530 |
| Taxes | $153,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173,000 |
| Total operating and administrative expenses | $405,159 |
| Contributions, gifts, grants paid | $1,500,000 |
| Total expenses and disbursements | $1,905,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,666 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $19,148 |
| 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 | $13,996,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,295,915 |
| 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, Tsunami Foundation has awarded $1,825,029 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Chadds Ford, PA PURPOSE: CHARITABLE CONTRIBUTION - LAND AND WATER CONSERVATION ORGANIZATION PROTECTING NATURAL RESOURCES IN SOUTHEASTERN PENNSYLVANIA AND NORTHERN DELAWARE. | $200,000 |
GOOD FOUNDATION DBA BABY BUGGY INC PURPOSE: CHARITABLE CONTRIBUTION - WORKS WITH CBO'S TO DISTRIBUTE NEW AND GENTLY USED & SAFE CRIBS, STROLLERS, CLOTHING AND BOTTLES TO AT RISK POPULATIONS. | $125,000 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTION - PROVIDE FOOD, SHELTER, CLOTHING, AND HEALTHCARE TO CHILDREN. | $125,000 |
Brooklyn, NY PURPOSE: CHARITABLE CONTRIBUTION - HELP EDUCATORS MEET THE NATIONWIDE CRISIS IN READING COMPREHENSION THROUGH RESEARCH BASED, CLASSROOM PROVEN PRACTICES. | $125,000 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTION - ESTABLISH AND LEGITIMIZE TAP DANCE AS A VITAL COMPONENT OF AMERICAN DANCE THROUGH CREATION, PRESENTATION, EDUCATION AND PRESERVATION. | $100,000 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTION - BUILD AND MAINTAIN AN EXTRAORDINARY PUBLIC PARK ON THE HIGH LINE. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tsunami Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |