Tnkv Foundation
- Assets
- $7.0m
- Revenue
- $470.5k
- Investments
- $6.6m
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 35-7177629
Organization Overview
Tnkv Foundation is located in Hilton Head Island, SC. The organization was established in 2018. 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. Tnkv 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, Tnkv Foundation generated $470.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year .
Since 2020, Tnkv Foundation has awarded 11 individual grants totaling $681,180. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $402,020 |
| Interest on Savings | $169 |
| Dividends & Interest | $83,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,932 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$16 |
| Total Revenue | $470,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $6,879 |
| Contributions, gifts, grants paid | $249,500 |
| Total expenses and disbursements | $256,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $376,169 |
| 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 | $1,650,930 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,002,836 |
| 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, Tnkv Foundation has awarded $249,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHANTI BHAVAN CHILDREN'S PROJECT PURPOSE: CHARITABLE DONATION TO 501(C)(3) | $228,950 |
HILTON HEAD STUDENTS INCENTIVE FUND PURPOSE: CHARITABLE DONATION TO 501(C)(3) | $10,000 |
MISSIONARIES OF CHARITY PURPOSE: CHARITABLE DONATION TO 501(C)(3) | $10,550 |