Templeton Foundation Inc
- Assets
- $11.1m
- Revenue
- $1.5m
- Investments
- $7.6m
- Employees
- 0
- Location
- West Conshohocken, PA
- Founding
- 03/1953
- Data as of
- 12/2020
- EIN
- 22-6035108
Organization Overview
Templeton Foundation Inc is located in West Conshohocken, PA. The organization was established in 1953. 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. 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 12/2020, Templeton Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF BOOKS, WEBSITE, AND INFORMATION REGARDING THE RELATIONSHIP BETWEEN SCIENCE AND RELIGION, ENCOURAGING CHARACTER DEVELOPMENT AND ENHANCING INDIVIDUAL FREEDOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Arellano Vice President | 40 | $273,219 | |
Patricia Vergilio Production Coordinat | 40 | $83,243 | |
Daniel Reilly Mktg & Publ Coordina | 40 | $83,042 | |
Angelina Horst Publishing Coordinat | 40 | $35,547 | |
Harvey M Templeton III Trustee/secretary | 1 | $2,500 | |
Scott Phillips Trustee/chair | 1 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Naomi Riley | 12/30/17 | $51,600 |
Christine Rosen | 12/30/17 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $913,639 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $650,281 |
| Capital Gain Net Income | $650,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$93,594 |
| Other Income | $8,270 |
| Total Revenue | $1,515,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,524 |
| Other employee salaries and wages | $238,855 |
| Pension plans, employee benefits | $155,462 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $139,625 |
| Travel, conferences, and meetings | $5,029 |
| Printing and publications | $19,135 |
| Other expenses | $419,844 |
| Total operating and administrative expenses | $1,304,054 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,304,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,212,001 |
| Net Accounts receivable | $5,901 |
| 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 | $101,592 |
| Prepaid expenses and deferred charges | $28,350 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,600,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,118,528 |
| Total assets | $11,066,710 |
| Accounts payable and accrued expenses | $172,404 |
| Grants payable | $0 |
| Deferred revenue | $1,428,224 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,600,628 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Templeton Foundation Inc has recieved totaling $862,077.
| Awarding Organization | Amount |
|---|---|
John Templeton Foundation West Conshohocken, PA PURPOSE: 2022 TEMPLETON PRESS OPERATING GRANT | $556,015 |
John Templeton Foundation West Conshohocken, PA PURPOSE: 2022 TEMPLETON PRESS OPERATING GRANT | $153,031 |
John Templeton Foundation West Conshohocken, PA PURPOSE: 2022 TEMPLETON PRESS OPERATING GRANT | $153,031 |
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|---|---|---|
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Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |