Townsend Foundation
- Assets
- $66.3k
- Revenue
- $120.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grove, OK
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 20-1030689
Organization Overview
Townsend Foundation is located in Grove, OK. The organization was established in 1993. 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. Townsend 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 12/2023, Townsend Foundation generated $120.0k in total revenue.
Since 2022, Townsend Foundation has awarded 21 individual grants totaling $202,275. 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 |
|---|---|---|---|
Edward A Townsend Trustee | 0.25 | $0 | |
Barbara Newman Townsend Trustee | 0.25 | $0 | |
Jennifer T Earls Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $30 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,134 |
| Contributions, gifts, grants paid | $70,250 |
| Total expenses and disbursements | $72,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,296 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,296 |
| 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, Townsend Foundation has awarded $70,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GROVE EDUCATION FUND GEFFE PURPOSE: GENERAL OPERATIONS | $8,500 |
KETCHUM PUBLIC SCHOOLS PURPOSE: SCHOLARSHIPS | $2,300 |
LAKE CENTER BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $49,750 |
HUMANE SOCIETY OF GROVE AND GRAND LAKE PURPOSE: SECOND CHANCE PET RESCUE | $2,550 |
WOMEN IN RECOVERY PURPOSE: GENERAL OPERATIONS | $1,500 |
GROVE CHRISTIAN CENTER PURPOSE: MISSION TRIP | $300 |