Tripp & Blair Rackley Family Foundation Inc
- Assets
- $11.5m
- Revenue
- $1.0m
- Investments
- $9.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-1586843
Organization Overview
Tripp & Blair Rackley Family Foundation Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tripp & Blair Rackley Family 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 12/2021, Tripp & Blair Rackley Family Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $858.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tripp & Blair Rackley Family Foundation Inc has awarded 78 individual grants totaling $3,514,959. 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
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Rackley III President | 0 | $0 | |
Blair Rackley Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $784,344 |
| Interest on Savings | $22 |
| Dividends & Interest | $226,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,862 |
| Capital Gain Net Income | $25,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,035,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $131,587 |
| Contributions, gifts, grants paid | $726,658 |
| Total expenses and disbursements | $858,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,759,742 |
| 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 | $5,060,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,466,795 |
| 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, Tripp & Blair Rackley Family Foundation Inc has awarded $726,658 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: CHARITABLE | $534,845 |
GEORGIA TECH PURPOSE: CHARITABLE-EDGE CENTER RENOVATION | $100,000 |
NEEL FAMILY CHARITABLE FUND (SCHWAB CHARITABLE) PURPOSE: CHARITABLE | $25,000 |
GEORGIA NATURAL RESOURCES FOUNDATION PURPOSE: CHARITABLE | $25,000 |
Memphis, TN PURPOSE: CHARITABLE | $15,750 |
Atlanta, GA PURPOSE: CHARITABLE | $6,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |