The Teagle Foundation Incorporated
- Assets
- $148.8m
- Revenue
- $15.6m
- Investments
- $141.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 20-1370387
Organization Overview
The Teagle Foundation Incorporated is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teagle Foundation Incorporated 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 06/2022, Teagle Foundation Incorporated generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $11.2m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Teagle Foundation Incorporated has awarded 398 individual grants totaling $18,620,493. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MEETINGS AND WEBINARS
EXXON SCHOLARSHIP MGT. EXP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter C Teagle III Chair Emeritus | 1 | $0 | |
Andrew Delbanco President | 40 | $359,000 | |
Elizabeth S Boylan Chair | 1 | $0 | |
Ann-Marie Buckley Cfo/treasurer/secretary | 40 | $234,875 | |
Philip B Pool Jr Director | 1 | $0 | |
Grant A Porter Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiff | 6/29/22 | $189,111 |
Ithica S&r | 6/29/22 | $100,000 |
Edgehill Endowment Partners | 6/29/22 | $763,014 |
Rock Springs Capital Fund | 6/29/22 | $72,919 |
Berlin Rosen | 6/29/22 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $559,147 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,973,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,075,602 |
| Capital Gain Net Income | $12,886,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,608,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $593,875 |
| Other employee salaries and wages | $518,713 |
| Pension plans, employee benefits | $370,467 |
| Interest | $0 |
| Taxes | $172,799 |
| Depreciation | $31,341 |
| Occupancy | $309,234 |
| Travel, conferences, and meetings | $41,318 |
| Printing and publications | $6,020 |
| Other expenses | $245,031 |
| Total operating and administrative expenses | $4,610,589 |
| Contributions, gifts, grants paid | $6,567,467 |
| Total expenses and disbursements | $11,178,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,831,879 |
| Net Accounts receivable | $520,692 |
| 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 | $121,811 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $102,913,735 |
| Net Land, buildings, and equipment | $125,369 |
| Other assets | $0 |
| Total assets | $148,767,940 |
| Accounts payable and accrued expenses | $92,364 |
| Grants payable | $4,848,831 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $289,459 |
| Total liabilities | $5,230,654 |
Grants Awarded
Over the last fiscal year, The Teagle Foundation Incorporated has awarded $10,300,629 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $125,000 |
BOARD OF REGENTS UNIVERSITY OF NEVADA LAS VEGAS PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $75,000 |
CATHOLIC UNIVERSITY OF AMERICA PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $25,000 |
CLARK ATLANTA UNIVERSITY PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $25,000 |
COLORADO STATE UNIVERSITY SPONSORED PROGRAMS PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $18,750 |
CLEMSON UNIVERSITY PURPOSE: CORNERSTONE: LEARNING FOR LIVING INITIATIVE | $12,500 |