Ten Talents Foundation
- Assets
- $143.8m
- Revenue
- $8.9m
- Investments
- $118.8m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 43-1719896
Organization Overview
Ten Talents Foundation is located in St Louis, MO. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Ten Talents 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, Ten Talents Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 9.7% 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, Ten Talents Foundation has awarded 215 individual grants totaling $17,100,808. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry D Vander Maten Trustee | 20 | $0 | |
Paul T Thonnard Executive Director | 35 | $191,467 | |
Diane Hough Senior Accountant | 25 | $66,800 | |
Richard Grote VP - Investments | 23 | $60,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,424,074 |
| Interest on Savings | $123,276 |
| Dividends & Interest | $2,297,654 |
| Net Rental Income | -$38,175 |
| Net Gain on Sale of Assets | $4,002,704 |
| Capital Gain Net Income | $4,969,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,865,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $191,467 |
| Other employee salaries and wages | $127,659 |
| Pension plans, employee benefits | $21,863 |
| Interest | $0 |
| Taxes | $56,442 |
| Depreciation | $57,952 |
| Occupancy | $10,800 |
| Travel, conferences, and meetings | $56,238 |
| Printing and publications | $0 |
| Other expenses | $100,144 |
| Total operating and administrative expenses | $879,694 |
| Contributions, gifts, grants paid | $3,029,035 |
| Total expenses and disbursements | $3,908,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586 |
| Savings and temporary cash investments | $18,252,471 |
| 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 | $13,239 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $118,788,145 |
| Net Land, buildings, and equipment | $2,751,909 |
| Other assets | $3,946,956 |
| Total assets | $143,753,306 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $24,467 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,467 |
Grants Awarded
Over the last fiscal year, Ten Talents Foundation has awarded $3,029,035 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF ST LOUIS PURPOSE: EDUCATE SPECIAL NEEDS PEOPLE | $10,000 |
BOYS AND GIRLS CLUB OF ALTON PURPOSE: SUPPORT AND ENABLE YOUTH TO BECOME PRODUCTIVE CITIZENS | $5,000 |
AVAIL NYC PURPOSE: PRO-LIFE EDUCATION AND LEGISTRATION ACTION | $100,000 |
BOYS AND GIRLS CLUB OF ST LOUIS PURPOSE: AFTER SCHOOL PROGRAM FOR BOYS AND GIRLS | $7,500 |
BREHM FOUNDATION PURPOSE: SCHOOLING FOR CHILDREN WITH LEARNING CHALLENGES | $10,000 |
CARDINAL GLENNON FOUNDATION PURPOSE: ASSIST ILL CHILDREN | $5,000 |