Therese Foundation
- Assets
- $523.2k
- Revenue
- $10.5k
- Investments
- $512.8k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/2000
- Data as of
- 12/2023
- 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 12/2023, Therese Foundation generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Therese Foundation has awarded 42 individual grants totaling $229,505. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George S Farah Executive Director | 5 | $2,084 | |
Diane K Farah Director | 0 | $0 | |
Simone Goldman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,970 |
| Dividends & Interest | $12,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,774 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $2,173 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,084 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,239 |
| Total operating and administrative expenses | $7,702 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $30,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,363 |
| 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 | $512,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $523,188 |
| 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 $23,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: SUPPORT FOR GRANT HOLDING FUND | $5,000 |
INSIGHT MEDITATION CENTER OF MI PEN PURPOSE: GENERAL SUPPORT TO FOUNDATION MISSION | $3,000 |
CEIBA FOUNDATION FOR TROPICAL CONSE PURPOSE: SUPPORT FOR DEVELOPMENT OF ESCOBAR FOREST PROPERTY | $5,000 |
ACCESS COMMUNITY HEALTH CENTERS PURPOSE: SUPPORT FOR SOLAR PROJECT | $10,000 |