The Bill & Ann Templeton Foundation Inc
- Assets
- $49.8m
- Revenue
- $2.4m
- Investments
- $12.3m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 12/2005
- Data as of
- 08/2023
- EIN
- 20-3073117
Organization Overview
The Bill & Ann Templeton Foundation Inc is located in Sarasota, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bill & Ann Templeton 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 08/2023, Bill & Ann Templeton Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $2.6m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bill & Ann Templeton Foundation Inc has awarded 137 individual grants totaling $5,336,928. 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
FOUNDING FATHERS, LLC: HISTORICAL FILM DEVELOPMENT EXPENSES AND RELATED COSTS. THE PLANNED HISTORICAL FILMS PROMOTE AN APPRECIATION FOR AND UNDERSTANDING OF THE HISTORY OF THE UNITED STATES OF AMERICA, AS WELL AS THE MORAL AND CHRISTIAN PRINCIPLES UPON WHICH IT WAS FOUNDED, IN FURTHERANCE OF THE FOUNDATION'S EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Templeton President / Director | 40 | $190,000 | |
Cathryn A Harper Secretary / Treasurer | 40 | $66,300 | |
Jay Crouse Vice President / Director | 0.5 | $0 | |
Reuben Beachy Director | 0.5 | $0 | |
Philip Templeton Director (ended 05/23) | 0.5 | $0 | |
Paul Crawley Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Georgelas Group Llc | 8/30/21 | $2,329,227 |
Bird Loechl Mccants & Holliday Llc | 8/30/21 | $52,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $339,854 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,841,416 |
| Net Gain on Sale of Assets | $239,701 |
| Capital Gain Net Income | $239,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $273 |
| Total Revenue | $2,421,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $307,521 |
| Other employee salaries and wages | $24,580 |
| Pension plans, employee benefits | $18,821 |
| Interest | $0 |
| Taxes | $11,171 |
| Depreciation | $12,874 |
| Occupancy | $18,141 |
| Travel, conferences, and meetings | $11,373 |
| Printing and publications | $0 |
| Other expenses | $36,645 |
| Total operating and administrative expenses | $605,428 |
| Contributions, gifts, grants paid | $1,970,094 |
| Total expenses and disbursements | $2,575,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,540 |
| Savings and temporary cash investments | $1,264,129 |
| 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 | $35,975,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,550 |
| Net Land, buildings, and equipment | $264,465 |
| Other assets | $0 |
| Total assets | $49,808,109 |
| 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 | $3,076 |
| Total liabilities | $3,076 |
Grants Awarded
Over the last fiscal year, The Bill & Ann Templeton Foundation Inc has awarded $1,970,094 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
A DOOR OF HOPE INC PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $30,000 |
ALPHA & OMEGA FREEDOM MIN INC PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $15,000 |
CARSON-NEWMAN UNIVERSITY PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $35,000 |
CHILD EVANGELISM FELLOWSHIP OF FLORIDA INC PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $5,000 |
CHRISTIAN ACADEMY OF KNOXVILLE INC PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $50,000 |
CITYCOMMIT PURPOSE: GENERAL SUPPORT FOR PROGRAM ACTIVITIES | $70,000 |