Sixteen Foundation
- Assets
- $12.2m
- Revenue
- $237.8k
- Investments
- $11.6m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 12/2009
- Data as of
- 12/2022
- 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 12/2022, Sixteen Foundation generated $237.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $662.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sixteen Foundation has awarded 79 individual grants totaling $2,036,161. 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 | $15,985 |
| Dividends & Interest | $267,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,827 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,606 |
| Total operating and administrative expenses | $34,456 |
| Contributions, gifts, grants paid | $628,360 |
| Total expenses and disbursements | $662,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,039 |
| 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 | $7,151,718 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,178 |
| Total assets | $12,216,434 |
| 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 $628,360 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BARNABAS VISION PURPOSE: UNRESTRICTED GIFT | $10,000 |
EUGENE CHURCH OF CHRIST PURPOSE: UNRESTRICTED GIFT | $10,000 |
MIDDLE TENNESSEE CHRISTIAN SCHOOL PURPOSE: UNRESTRICTED GIFT | $375,660 |
CAMP SHILOH PURPOSE: UNRESTRICTED GIFT | $100,000 |
DOORS OF HOPE PURPOSE: UNRESTRICTED GIFT | $500 |
ST THOMAS RUTHERFORD HOSPITAL PURPOSE: UNRESTRICTED GIFT | $11,000 |