Te Connectivity Foundation
- Assets
- $22.7m
- Revenue
- $868.3k
- Investments
- $22.7m
- Employees
- 0
- Location
- Berwyn, PA
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-5601414
Organization Overview
Te Connectivity Foundation is located in Berwyn, PA. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Te Connectivity 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, Te Connectivity Foundation generated $868.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Te Connectivity Foundation has awarded 53 individual grants totaling $8,178,643. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Leggio Board Chair (until 12/31/2022) | 0.1 | $0 | |
Sudhakar Sabada Board Chair (started 12/31/2022) | 0.1 | $0 | |
Lauren Benne Executive Director/president/secretary | 0.25 | $0 | |
Brian Egras Treasurer | 0.1 | $0 | |
Andrzej Zubka Director | 0.1 | $0 | |
Hiram Aganza Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $596,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,792 |
| Capital Gain Net Income | $271,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $868,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,049 |
| Total operating and administrative expenses | $215,304 |
| Contributions, gifts, grants paid | $1,450,718 |
| Total expenses and disbursements | $1,666,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| 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 | $2,403,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,738,829 |
| 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 | $1,746 |
| Total liabilities | $1,746 |
Grants Awarded
Over the last fiscal year, Te Connectivity Foundation has awarded $1,450,718 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MK LEVEL PLAYING FIELD PURPOSE: SUPPORT OF SMASH LABS | $700,718 |
TECHNOVATION PURPOSE: GENERAL SUPPORT | $300,000 |
UNITED NATIONS FOUNDATION PURPOSE: SUPPORT OF GIRL UP PROGRAM | $450,000 |