Tearte Family Foundation
- Assets
- $975.8k
- Revenue
- -$1.2k
- Investments
- $901.2k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 46-6128683
Organization Overview
Tearte Family Foundation is located in Charlotte, NC. The organization was established in 2014. 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. Tearte Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Tearte Family Foundation has awarded 100 individual grants totaling $321,490. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
GRANT MAKING TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jylia M Tearte Trustee | 0 | $0 | |
Curtis Tearte Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,000 |
| Interest on Savings | $45 |
| Dividends & Interest | $31,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,623 |
| Capital Gain Net Income | $7,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$180,947 |
| Total Revenue | -$1,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,850 |
| Total operating and administrative expenses | $100,474 |
| Contributions, gifts, grants paid | $50,900 |
| Total expenses and disbursements | $151,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,655 |
| 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 | $901,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $975,841 |
| 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, Tearte Family Foundation has awarded $50,900 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDEIS UNIVERSITY PURPOSE: EDUCATION | $14,500 |
BRANDEIS HELLER SCHOOL PURPOSE: EDUCATION | $10,000 |
Raleigh, NC PURPOSE: GRANT | $5,000 |
Chicago, IL PURPOSE: EDUCATION | $5,000 |
UNIV OF SCRANTON PURPOSE: GRANT | $2,550 |
NC A & T UNIVERSITY PURPOSE: EDUCATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |