Tenacre Foundation
- Assets
- $375.7m
- Revenue
- $94.6m
- Investments
- $288.1m
- Employees
- 183
- Location
- Princeton, NJ
- Founding
- 12/1937
- Data as of
- 04/2023
- EIN
- 21-0577480
Organization Overview
Tenacre Foundation is located in Princeton, NJ. The organization was established in 1937. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 04/2023, Tenacre Foundation employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenacre 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 04/2023, Tenacre Foundation generated $94.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $93.8m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tenacre Foundation has awarded 696 individual grants totaling $508,859,391. 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
2023
Describe the Organization's Program Activity:
CHRISTIAN SCIENCE NURSING SERVICES - TENACRE FOUNDATION MAKES AVAILABLE THE RELIGIOUS MINISTRY OF CHRISTIAN SCIENCE NURSING FOR THOSE INDIVIDUALS CHOOSING TO RELY RADICALLY ON GOD FOR HEALING, AS TAUGHT IN CHRISTIAN SCIENCE, AND BY PROVIDING BENEVOLENCE TO DO SO WITHOUT REGARD TO THE ABILITY OF THOSE IN NEED TO PAY FOR THE PROVISION OF SUCH SERVICES.
SCHOOL OF CHRISTIAN SCIENCE NURSING - TENACRE ALSO OPERATES A SCHOOL IN ACCORDANCE WITH THE PRECEPTS OF CHRISTIAN SCIENCE TO HELP PREPARE MEMBERS OF THE MOTHER CHURCH TO REPRESENT THEMSELVES AS CHRISTIAN SCIENCE NURSES WHO MAY SERVE INDIVIDUALLY, OR WHO MAY STAFF THE FACILITIES OF THE CORPORATION AND OTHER CHRISTIAN SCIENCE ORGANIZATIONS AND FACILITIES.
TENACRE VISITOR ACCOMODATIONS/SPIRITUAL RESOURCE LIBRARY - TENACRE HAS VISITOR ACCOMMODATIONS FOR FAMILIES OF CHRISTIAN SCIENCE NURSING GUESTS, SPIRITUAL RENEWAL STAYS, ETC. THE SPIRITUAL RESOURCE LIBRARY IS A BIBLE-FOCUSED RESEARCH AND STUDY AREA THAT IS A PART OF THE SAME MINISTRY.
CHRISTIAN SCIENTISTS IN RESIDENCE PROGRAM - TENACRE MAINTAINS AND OPERATES RESIDENTIAL APARTMENTS FOR CHRISTIAN SCIENTISTS-IN-RESIDENCE IN A COMMUNITY SETTING WITH A SPIRITUAL FOCUS FOR THOSE WHO AGREE TO AND HAVE THE QUALIFICATIONS TO PARTICIPATE IN THE SPIRITUAL AND RELIGIOUS MISSION OF THE CORPORATION AND/OR TO PRACTICE THE RELIGION OF THE FIRST CHURCH OF CHRIST, SCIENTIST, IN BOSTON, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine I Williams Chair (thru 6/22) | 10 | $0 | |
Cynthia R Love Vice Chair | 5 | $0 | |
Gail Chaddock Trustee | 5 | $0 | |
Charles Lindahl Trustee | 5 | $0 | |
Janet Horton Trustee | 5 | $0 | |
Brian Stock Trustee Thru 06/22; Vp-Csn Beg 06/22 | 55 | $253,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Trust Investment Advisors | 4/29/23 | $724,779 |
Ford 3 Architects Llc | 4/29/23 | $310,869 |
Towle & Co | 4/29/23 | $559,503 |
Woodwinds Associates Inc | 4/29/23 | $292,734 |
Allied Universal | 4/29/23 | $303,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,825,791 |
| Interest on Savings | $492,081 |
| Dividends & Interest | $7,066,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,820,555 |
| Capital Gain Net Income | $17,702,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,362,060 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,362,143 |
| Total Revenue | $94,567,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,273,324 |
| Other employee salaries and wages | $12,323,101 |
| Pension plans, employee benefits | $8,307,138 |
| Interest | $0 |
| Taxes | $18,193 |
| Depreciation | $4,589,027 |
| Occupancy | $752,872 |
| Travel, conferences, and meetings | $201,300 |
| Printing and publications | $52,354 |
| Other expenses | $4,904,989 |
| Total operating and administrative expenses | $35,762,351 |
| Contributions, gifts, grants paid | $58,087,060 |
| Total expenses and disbursements | $93,849,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$341,307 |
| Savings and temporary cash investments | $14,156,610 |
| Net Accounts receivable | $558,651 |
| 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 | $4,401,024 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $68,699,098 |
| Other assets | $82,657 |
| Total assets | $375,650,707 |
| Accounts payable and accrued expenses | $2,297,027 |
| Grants payable | $69,236,082 |
| 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 | $71,533,109 |
Grants Awarded
Over the last fiscal year, Tenacre Foundation has awarded $123,147,776 in support to 192 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVE DISCOVERY PURPOSE: GENERAL SUPPORT | $50,000 |
ADVENTURE UNLIMITED PURPOSE: CHRISTIAN SCIENCE CAMPS | $2,905,049 |
AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY PURPOSE: GENERAL SUPPORT | $63,725 |
AFRICAN LEADERSHIP FOUNDATION PURPOSE: GENERAL SUPPORT | $682,500 |
AMALA EDUCATION PURPOSE: GENERAL SUPPORT | $24,325 |
ALTA VISTA PURPOSE: CHRISTIAN SCIENCE RESIDENCIES | $27,511 |