Twenty-Seven Foundation
- Assets
- $41.5m
- Revenue
- $1.4m
- Investments
- $38.3m
- Employees
- 0
- Location
- East Hartford, CT
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-6147397
Organization Overview
Twenty-Seven Foundation is located in East Hartford, CT. The organization was established in 2008. 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. Twenty-Seven 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, Twenty-Seven Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Twenty-Seven Foundation has awarded 233 individual grants totaling $18,138,800. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Travis Engen Trustee | 1 | $0 | |
Anne E Engen Trustee | 1 | $0 | |
Leigh E Engen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $525 |
| Dividends & Interest | $824,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,744 |
| Capital Gain Net Income | $587,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,412,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,819 |
| Taxes | $38,495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275,618 |
| Total operating and administrative expenses | $318,147 |
| Contributions, gifts, grants paid | $3,085,000 |
| Total expenses and disbursements | $3,403,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,186,972 |
| 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 | $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 | $38,800 |
| Total assets | $41,489,192 |
| 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, Twenty-Seven Foundation has awarded $3,085,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE UNIVERSITY PURPOSE: GENERAL | $300,000 |
PERSON TO PERSON INC PURPOSE: GENERAL | $30,000 |
TUFTS UNIVERSITY PURPOSE: GENERAL | $350,000 |
WESTON VOLUNTEER FIRE DEPT PURPOSE: GENERAL | $25,000 |
WESTON HISTORICAL SOCIETY PURPOSE: GENERAL | $20,000 |
CONNECTICUT FOOD SHARE PURPOSE: GENERAL | $45,000 |