Timothy 6 17 Foundation
- Assets
- $909.2k
- Revenue
- $245.1k
- Investments
- $882.1k
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 09/1999
- Data as of
- 12/2023
- EIN
- 22-3622751
Organization Overview
Timothy 6 17 Foundation is located in Brentwood, TN. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Timothy 6 17 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, Timothy 6 17 Foundation generated $245.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $310.1k during the year ending 12/2023. While expenses have increased by 20.5% per year over the past 5 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 2020, Timothy 6 17 Foundation has awarded 103 individual grants totaling $534,148. 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
SINCE INCEPTION, THE FOUNDATION HAS DIRECTLY FINANCIALLY SUPPORTED OTHER PUBLIC AND CIVIC 501 (C)(3) CHARITIES
THE FOUNDATION DIRECTLY SUPPORTS FROM THE HEART INTL EDUCATION FOUNDATION.OUR SUPPORT HAS PROVIDED PROGRAM DIRECTORS, TUTORS, ADMINISTRATORS, CAMP MANAGERS FOR MUSIC AND SPORTS PROGRAMS.
THE FOUNDATION PURCHASED FOOD AND SUPPLIES FOR THE VICTIMS OF THE KENTUCKY TORNADO.
NAVAL RESERVE OFFICER TRAINING CORP SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dolan President | 5 | $0 | |
Kelly Mcmullen Vice-Pres | 5 | $0 | |
Marie Dolan Sec/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $213,018 |
| Interest on Savings | $2,115 |
| Dividends & Interest | $20,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,020 |
| Capital Gain Net Income | $9,019 |
| Net ST Capital Gain | $9,019 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,895 |
| Total operating and administrative expenses | $12,108 |
| Contributions, gifts, grants paid | $297,992 |
| Total expenses and disbursements | $310,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,106 |
| Savings and temporary cash investments | $0 |
| 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 | $909,168 |
| 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, Timothy 6 17 Foundation has awarded $297,992 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL SUPPORT | $6,000 |
FAMILY RESOURCES ASSOCIATES PURPOSE: GENERAL SUPPORT | $6,500 |
LT DENNIS ZILINSKI MEMORIAL FUND PURPOSE: GENERAL SUPPORT | $28,000 |
MISCELLANEOUS PURPOSE: GENERAL SUPPORT | $794 |
CHRIST PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $20,000 |
TULANE UNIVERSITY PURPOSE: GENERAL SUPPORT | $17,000 |