Teget Foundation
- Assets
- $1.3m
- Revenue
- $55.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Shenandoah, IA
- Founding
- 03/1982
- Data as of
- 12/2022
- EIN
- 46-0363474
Organization Overview
Teget Foundation is located in Shenandoah, IA. The organization was established in 1982. 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. Teget 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, Teget Foundation generated $55.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $72.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Teget Foundation has awarded 114 individual grants totaling $212,300. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,490 |
| Dividends & Interest | $53,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66 |
| Capital Gain Net Income | $66 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $761 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,677 |
| Contributions, gifts, grants paid | $67,000 |
| Total expenses and disbursements | $72,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $171,548 |
| 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 | $1,107,950 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,279,498 |
| 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, Teget Foundation has awarded $67,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ART MAKER PURPOSE: EDUCATIONAL | $2,000 |
AT STILL UNIVERSITY PURPOSE: EDUCATIONAL | $1,000 |
BIG BROTHERSBIG SISTERS PURPOSE: CHARITABLE | $1,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE | $4,000 |
BLUE RIVER ARTS COUNCIL PURPOSE: CHARITABLE | $3,000 |
CRAMER KENYON HERITAGE HOUSE PURPOSE: CHARITABLE | $100 |