Therese Foundation
- Assets
- $1.2m
- Revenue
- $48.1k
- Investments
- $906.2k
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 12/1979
- Data as of
- 12/2023
- EIN
- 41-1364261
Organization Overview
Therese Foundation is located in St Paul, MN. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. 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 $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $169.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Therese Foundation has awarded 64 individual grants totaling $822,000. 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 |
|---|---|---|---|
John Quigley President | 1 | $0 | |
Roland D Nimis Vice Preside | 1 | $0 | |
Kayla Nimis Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,755 |
| Dividends & Interest | $38,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,562 |
| Capital Gain Net Income | $6,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,350 |
| Total operating and administrative expenses | $14,853 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $169,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,254 |
| Savings and temporary cash investments | $289,165 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,216,580 |
| 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 | $180 |
| Total liabilities | $180 |
Grants Awarded
Over the last fiscal year, Therese Foundation has awarded $155,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES ST PAULMPLS PURPOSE: ANNUAL CAMPAIGN | $5,000 |
GREATER TWIN CITIES UNITED WAY PURPOSE: ANNUAL CAMPAIGN | $15,000 |
COOKIE CART PURPOSE: ANNUAL CAMPAIGN | $10,000 |
JEREMIAH PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
THE NIGHT MINISTRY CHICAGO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
HELLEN KELLER INTERNATIONAL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |