The Tweten Foundation
- Assets
- $2.1m
- Revenue
- $53.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3067054
Organization Overview
The Tweten Foundation is located in Palm Desert, CA. 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. Tweten 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, Tweten Foundation generated $53.7k 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 (12.2%) each year. All expenses for the organization totaled $75.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tweten Foundation has awarded 47 individual grants totaling $613,900. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Rutledge Tweten President | 0 | $0 | |
Matthew Mccutchen Vice-President | 0 | $0 | |
Julia Burt Treasurer | 0 | $0 | |
James Gallaugher Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93 |
| Dividends & Interest | $53,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $346 |
| Capital Gain Net Income | $346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,600 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,589 |
| Contributions, gifts, grants paid | $53,400 |
| Total expenses and disbursements | $74,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,598 |
| 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 | $2,063,991 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4 |
| Total assets | $2,082,593 |
| 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, The Tweten Foundation has awarded $53,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BIGHORN BAM & GOLF CLUB CHARITIES PURPOSE: CANCER PATIENT SUPPORT SERVICES, BREAST CANCER DIAGNOSTIC TECHNOLOGIES AND EDUCATIONAL SCHOLARSHIPS. | $10,000 |
DESERT CANCER FOUNDATION PURPOSE: CANCER SCREENING AND CARE SERVICES FOR RESIDENTS IN FINANCIAL NEED | $25,000 |
SPCA OF MONTEREY COUNTY PURPOSE: TO PROVIDE SUPPORT FOR THE CARE OF STRAY AND ABUSED ANIMALS | $5,000 |
GANNA WALSKA LOTUSLAND PURPOSE: SUPPORT MISSION TO EDUCATE, INSPIRE AND ADVANCE UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF PLANTS. | $13,400 |