Terkeurst Foundation
- Assets
- $1.0m
- Revenue
- $418.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Waxhaw, NC
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-6425149
Organization Overview
Terkeurst Foundation is located in Waxhaw, NC. The organization was established in 2014. 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. Terkeurst 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 12/2021, Terkeurst Foundation generated $418.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Terkeurst Foundation has awarded 36 individual grants totaling $1,481,509. 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 |
|---|---|---|---|
Lysa Terkeurst Pres/trustee | 5 | $126,000 | |
Michael Houser Trustee | 2 | $0 | |
Hope Terkeurst Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,406 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $363,279 |
| Total Revenue | $418,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $126,000 |
| Other employee salaries and wages | $25,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,139 |
| Depreciation | $4,449 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $42,140 |
| Printing and publications | $0 |
| Other expenses | $5,497 |
| Total operating and administrative expenses | $247,335 |
| Contributions, gifts, grants paid | $767,500 |
| Total expenses and disbursements | $1,014,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,806 |
| 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 | $834,165 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,981 |
| Other assets | $28,910 |
| Total assets | $1,003,862 |
| 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 | $3,244 |
| Total liabilities | $3,244 |
Grants Awarded
Over the last fiscal year, Terkeurst Foundation has awarded $767,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Weddington, NC PURPOSE: RELIGIOUS AND CHARITABLE | $725,000 |
Matthews, NC PURPOSE: RELIGIOUS AND CHARITABLE | $35,000 |
TRANSFORMATION CHURCH PURPOSE: RELIGIOUS AND CHARITABLE | $2,500 |
Charlotte, NC PURPOSE: CHARITABLE | $2,500 |
Kalispell, MT PURPOSE: RELIGIOUS AND CHARITABLE | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Terkeurst Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |