Steve & Virginia Tumlin Foundationinc
- Assets
- $186.7k
- Revenue
- $4.3k
- Investments
- $64.9k
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 26-0505027
Organization Overview
Steve & Virginia Tumlin Foundationinc is located in Marietta, GA. The organization was established in 2007. 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. Steve & Virginia Tumlin Foundationinc 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, Steve & Virginia Tumlin Foundationinc generated $4.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steve & Virginia Tumlin Foundationinc has awarded 176 individual grants totaling $276,424. 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
CONTRIBUTIONS TO OTHER 501C3
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $3,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $829 |
| Capital Gain Net Income | $829 |
| Net ST Capital Gain | $829 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $3,674 |
| Contributions, gifts, grants paid | $22,261 |
| Total expenses and disbursements | $25,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,522 |
| 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 | $112,372 |
| 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 | $186,744 |
| 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, Steve & Virginia Tumlin Foundationinc has awarded $22,261 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA PURPOSE: GENERAL CONTRIBUTION | $5,000 |
MARIETTA FIRST UNITED METHODIST CHU PURPOSE: GENERAL SUPPORT | $5,211 |
GEORGIA FOUNDATION FOR PUBLIC EDUC PURPOSE: GENERAL OPERATING MARIETTA SCHOOLS FOUNDATION | $1,500 |
MARIETTA EDUCATIONAL GARDEN CTR PURPOSE: GENERAL OPERATING | $1,000 |
MARIETTA POLICE ATHLETIC LEAGUE PURPOSE: GENERAL CONTRIBUTION | $1,000 |
LEMON STREET CLASSIC PURPOSE: MARIETTA HIGH BASKETBALL IN TRIBUTE TO LEMON ST | $1,250 |