Tam Foundation Inc
- Assets
- $623.1k
- Revenue
- $48.4k
- Investments
- $409.2k
- Employees
- 0
- Location
- Sidney, OH
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-3391171
Organization Overview
Tam Foundation Inc is located in Sidney, OH. 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. Tam 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 12/2023, Tam Foundation Inc generated $48.4k 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 (6.7%) each year. All expenses for the organization totaled $48.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tam Foundation Inc has awarded 45 individual grants totaling $446,700. 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 |
|---|---|---|---|
Thomas P Milligan President | 0 | $0 | |
Martha B Milligan Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,238 |
| Capital Gain Net Income | $23,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$574 |
| Total Revenue | $48,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $102 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,362 |
| Total operating and administrative expenses | $4,464 |
| Contributions, gifts, grants paid | $43,790 |
| Total expenses and disbursements | $48,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,854 |
| Savings and temporary cash investments | $61,062 |
| 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 | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $623,084 |
| 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, Tam Foundation Inc has awarded $43,790 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PC USA WORLD MISSION PURPOSE: REFORMED UNIVERSITY OF COLOMBIA FUND | $3,500 |
OHIO'S HOSPICE OF CENTRAL OHIO PURPOSE: GENERAL FUND | $500 |
WILSON HEALTH FOUNDATION PURPOSE: CASINO NIGHT | $390 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL FUND | $1,000 |
CHARITY LEAGUE OF SHELBY COUNTY PURPOSE: CLOTHING DRIVE | $100 |
RAISE THE ROOF FOR THE ARTS PURPOSE: ANNUAL CAMPAIGN | $26,000 |