Tankenoff Families Foundation
- Assets
- $11.9m
- Revenue
- $283.6k
- Investments
- $6.3m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 41-1905115
Organization Overview
Tankenoff Families Foundation is located in Minneapolis, MN. The organization was established in 1998. 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. Tankenoff Families 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, Tankenoff Families Foundation generated $283.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $697.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tankenoff Families Foundation has awarded 225 individual grants totaling $2,352,539. 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 |
|---|---|---|---|
Gary L Tankenoff Chairman/president | 0 | $0 | |
Scott M Tankenoff Vice President | 0 | $0 | |
Leoda Swanson Treasurer | 0 | $0 | |
Marsha J Tankenoff Vice President | 0 | $0 | |
Helene Tankenoff Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $229,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,792 |
| Capital Gain Net Income | $53,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,862 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $988 |
| Total operating and administrative expenses | $89,569 |
| Contributions, gifts, grants paid | $607,881 |
| Total expenses and disbursements | $697,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,628,356 |
| 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 | $6,316,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,945,135 |
| 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, Tankenoff Families Foundation has awarded $607,881 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ADATH JESHURUN CONGREGATION PURPOSE: CHARITABLE | $2,098 |
ANIMAL HUMANE SOCIETY PURPOSE: CHARITABLE | $2,000 |
ANTI-DEFAMATION LEAGUE FOUNDATION PURPOSE: CHARITABLE | $1,000 |
APPETITE FOR CHANGE PURPOSE: CHARITABLE | $5,000 |
CARINGBRIDGE PURPOSE: CHARITABLE | $2,000 |
ROHR CHABAD HOUSE AT THE UNIVERSITY OF WISCONSIN INC PURPOSE: CHARITABLE | $2,500 |