Sixteen Foundation
- Assets
- $12.6m
- Revenue
- $1.4m
- Investments
- $11.8m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-6772276
Organization Overview
Sixteen Foundation is located in Murfreesboro, TN. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sixteen 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 12/2021, Sixteen Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $296.2k during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 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, Sixteen Foundation has awarded 66 individual grants totaling $1,407,801. 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 |
|---|---|---|---|
Dorothy B Adams Trustee | 0 | $0 | |
W Andrew Adams Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,431 |
| Dividends & Interest | $247,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,139,431 |
| Capital Gain Net Income | $1,139,431 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,396,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,854 |
| Total operating and administrative expenses | $20,342 |
| Contributions, gifts, grants paid | $275,840 |
| Total expenses and disbursements | $296,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,624 |
| 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 | $8,332,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,652 |
| Total assets | $12,641,444 |
| 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 | $18,678 |
| Total liabilities | $18,678 |
Grants Awarded
Over the last fiscal year, Sixteen Foundation has awarded $275,840 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MIDDLE TENNESSEE CHRISTIAN SCHOOL PURPOSE: UNRESTRICTED GIFT | $128,500 |
CAMP SHILOH PURPOSE: UNRESTRICTED GIFT | $100,500 |
NORTH BOULEVARD CHURCH OF CHRIST PURPOSE: UNRESTRICTED GIFT | $26,000 |
Murfreesboro, TN PURPOSE: UNRESTRICTED GIFT | $10,000 |
ST THOMAS RUTHERFORD HOSPITAL PURPOSE: UNRESTRICTED GIFT | $5,000 |
JOURNEYS IN COMMUNITY LIVING PURPOSE: UNRESTRICTED GIFT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |