Tfi Foundation Inc
- Assets
- $5.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Monona, WI
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 39-1225145
Organization Overview
Tfi Foundation Inc is located in Monona, WI. The organization was established in 1980. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tfi 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 12/2021, Tfi Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $731.2k during the year ending 12/2021. While expenses have increased by 11.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE MISSION OF THE TELLURIAN FAMILY OF SERVICES IS TO PROVIDE A SAFE AND NURTURING ENVIRONMENT TO ALL THOSE AFFLICTED WITH SUBSTANCE ABUSE, ADDICTION, MENTAL ILLNESS, AND HOMELESSNESS, A BROAD RANGE OF INNOVATIVE PROGRAMS, TREATMENT AND SERVICES DESIGNED TO ALLOW EACH INDIVIDUAL THE OPPORTUNITY TO REBUILD THEIR LIFE AND RE-ENTER THE COMMUNITY AS A PRODUCTIVE MEMBER OF SOCIETY. TFI FOUNDATION, INC. PROVIDES LEASING SERVICES TO TELLURIAN, INC., A RELATED NONPROFIT ORGANIZATION. LEASED PREMISES INCLUDE SPACE FOR PROGRAM SERVICES SUCH AS ADULT RESIDENTIAL SERVICES, TRANSITIONAL HOUSING, CRISIS STABILIZATION, AND OUTPATIENT SERVICES, AS WELL AS SPACE FOR ADMINISTRATIVE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Florek Chief Executive Officer | 15 | $121,167 | |
Stephen Lawrence Chief Financial Officer | 10 | $29,032 | |
David Joranson Secretary/treasurer | 1 | $0 | |
Michael Florek Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,371,500 |
| Interest on Savings | $1,911 |
| Dividends & Interest | $0 |
| Net Rental Income | $627,158 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36 |
| Total Revenue | $2,349,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,199 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $105,123 |
| Taxes | $40,849 |
| Depreciation | $170,683 |
| Occupancy | $112,893 |
| Travel, conferences, and meetings | $8,191 |
| Printing and publications | $0 |
| Other expenses | $94,879 |
| Total operating and administrative expenses | $728,249 |
| Contributions, gifts, grants paid | $2,970 |
| Total expenses and disbursements | $731,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,998 |
| Savings and temporary cash investments | $400,831 |
| Net Accounts receivable | $5,642 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $68,187 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,969 |
| Net Investments - land, buildings, equipment | $2,260,322 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,336,314 |
| Other assets | $49,457 |
| Total assets | $5,709,720 |
| Accounts payable and accrued expenses | $27,284 |
| Grants payable | $0 |
| Deferred revenue | $7,051 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,964,204 |
| Other liabilities | $12,228 |
| Total liabilities | $2,010,767 |
Grants Awarded
Over the last fiscal year, Tfi Foundation Inc has awarded $2,970 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BENEVOLENT SPECIALISTS PROJECT FREE CLINIC PURPOSE: GENERAL SUPPORT | $2,000 |
Madison, WI PURPOSE: GENERAL SUPPORT | $500 |
NATIONAL WILD TURKEY FEDERATION PURPOSE: GENERAL SUPPORT | $400 |
YMCA OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $70 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tfi Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iff Chicago, IL | $571,089,169 | $81,768,477 |
Community Housing Network Inc Troy, MI | $19,015,047 | $57,475,934 |
Bcmw Community Services Centralia, IL | $5,070,434 | $12,817,293 |
Minnesota Council On Foundations Minneapolis, MN | $1,698,240 | $7,242,767 |
Connect Detroit Detroit, MI | $1,231,403 | $6,855,540 |
Ruminco Ltd Minneapolis, MN | $62,223,712 | $7,052,376 |
Alliance Of Local Service Organizations Chicago, IL | $1,821,050 | $5,596,702 |
Search Institute Minneapolis, MN | $10,519,414 | $10,517,632 |
Accounting Aid Society Detroit, MI | $2,238,515 | $3,274,275 |
Embrace Living Communities Oak Brook, IL | $5,421,224 | $1,916,839 |
West Central Illinois Valley Regional Planning Commission Carlinville, IL | $116,734 | $1,781,483 |
Community Of Peace Building Company St Paul, MN | $17,498,169 | $1,436,316 |