Therese Foundation
- Assets
- $554.6k
- Revenue
- $81.0k
- Investments
- $537.4k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 39-1984065
Organization Overview
Therese Foundation is located in Madison, WI. The organization was established in 2000. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Therese 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, Therese Foundation generated $81.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $35.2k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 6 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, Therese Foundation has awarded 39 individual grants totaling $225,710. 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 |
|---|---|---|---|
George S Farah Executive Director | 5 | $1,917 | |
Diane K Farah Director | 0 | $0 | |
Simone Goldman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $3 |
| Dividends & Interest | $13,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,668 |
| Capital Gain Net Income | $67,668 |
| Net ST Capital Gain | $15,071 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,917 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $813 |
| Total operating and administrative expenses | $5,158 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $35,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,153 |
| 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 | $537,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $554,556 |
| 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, Therese Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: TO PROVIDE HEALTH SERVICES TO MADISON COMMUNITY | $15,000 |
SOCIETY OF ST VINCENT DE PAUL PURPOSE: TO SUPPORT COMMUNITY DURING THE PANDEMIC | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |