Ty 2 Foundation Inc
- Assets
- $5.8m
- Revenue
- $1.2m
- Investments
- $4.0m
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 45-2996149
Organization Overview
Ty 2 Foundation Inc is located in Franklin, TN. The organization was established in 2012. 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. Ty 2 Foundation Inc 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, Ty 2 Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $329.0k during the year ending 12/2022. While expenses have increased by 15.2% per year over the past 4 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 2020, Ty 2 Foundation Inc has awarded 56 individual grants totaling $653,750. 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
BOTH HANDS FOUNDATIONP.O. BOX 2713BRENTWOOD, TN 37027
JOVENES EN CAMINOP.O. BOX 2883BRENTWOOD, TN 37027
MISSION LAZARUSP.O. BOX 150524NASHVILLE, TN 37215
HEALING HANDS INTERNATIONAL455 MCNALLY DRIVENASHVILLE, TN 37211
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Osman President | 10 | $0 | |
Kendall Osman Vice President | 0 | $0 | |
Brennan Mcneil Secretary | 0 | $0 | |
Adair Mcneil Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,540 |
| Interest on Savings | $7,382 |
| Dividends & Interest | $97,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $597,697 |
| Capital Gain Net Income | $597,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,213,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,198 |
| Total operating and administrative expenses | $55,291 |
| Contributions, gifts, grants paid | $273,750 |
| Total expenses and disbursements | $329,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,798,859 |
| Savings and temporary cash investments | $0 |
| 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 | $3,677,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,753,991 |
| 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, Ty 2 Foundation Inc has awarded $273,750 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BOTH HANDS FOUNDATION PURPOSE: CHARITABLE | $50,000 |
JOVENES EN CAMINO PURPOSE: CHARITABLE | $50,000 |
BAREFOOT REPUBLIC PURPOSE: CHARITABLE | $10,000 |
HEALING HANDS INTERNATIONAL PURPOSE: CHARITABLE | $20,000 |
HARD BARGAIN PURPOSE: CHARITABLE | $5,000 |
JH RANCH PURPOSE: CHARITABLE | $5,000 |