Tiffany-Thompson Foundation
- Assets
- $3.9m
- Revenue
- $1.4m
- Investments
- $3.8m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 11/2013
- Data as of
- 05/2024
- EIN
- 46-3221995
Organization Overview
Tiffany-Thompson Foundation is located in West Hartford, CT. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Tiffany-Thompson 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 05/2024, Tiffany-Thompson Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $231.9k during the year ending 05/2024. While expenses have increased by 7.9% per year over the past 9 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, Tiffany-Thompson Foundation has awarded 191 individual grants totaling $1,183,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Sparveri Jr Trustee | 5 | $23,790 | |
Stephen T Thompson Trustee | 0.25 | $0 | |
Tara Thompson Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,178,485 |
| Interest on Savings | $3,648 |
| Dividends & Interest | $92,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,117 |
| Capital Gain Net Income | $152,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,426,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,790 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,817 |
| Total operating and administrative expenses | $59,437 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $231,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,180 |
| 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 | $3,947,514 |
| 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, Tiffany-Thompson Foundation has awarded $172,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AUXILIARY FOR COMMUNITY HEALTH PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $3,500 |
BEARDSLEY & MEMORIAL LIBRARY PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $9,000 |
COLEBROOK ASSOCIATES INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $3,000 |
COLEBROOK CENTER FIRE DEPARTMENT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $8,500 |
COLEBROOK HISTORICAL SOCIETY INCORPORATED PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $2,500 |
COLEBROOK LAND CONSERVANCY INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $3,000 |