Teague Family Foundation
- Assets
- $10.7m
- Revenue
- $2.4m
- Investments
- $8.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-2363544
Organization Overview
Teague Family Foundation is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Teague Family 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 12/2022, Teague Family Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $136.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,296,531 |
| Interest on Savings | $6 |
| Dividends & Interest | $119,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,684 |
| Capital Gain Net Income | $7,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,423,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,651 |
| Total operating and administrative expenses | $36,290 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $136,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,793,364 |
| 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 | $1,375 |
| Total assets | $10,679,768 |
| 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, Teague Family Foundation has awarded $876,728 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOCUS ON THE FAMILY PURPOSE: FUNDING THE CHARITABLE PURPOSE OF THE DONEE ORGANIZATION | $499,944 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: FUNDING THE CHARITABLE PURPOSE OF THE DONEE ORGANIZATION | $276,650 |
ARTSBRIDGE FOUNDATION PURPOSE: FUNDING THE CHARITABLE PURPOSE OF THE DONEE ORGANIZATION | $50,067 |
BIBLE STUDY FELLOWSHIP PURPOSE: FUNDING THE CHARITABLE PURPOSE OF THE DONEE ORGANIZATION | $50,067 |