Tecks Foundation
- Assets
- $18.4m
- Revenue
- $4.6m
- Investments
- $3.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 47-1992332
Organization Overview
Tecks Foundation is located in Wilmington, DE. The organization was established in 2016. 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. Tecks 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 12/2023, Tecks Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $588.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oak Root Llc | 12/30/23 | $80,802 |
Talley Llp | 12/30/23 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,043,913 |
| Interest on Savings | $3,663 |
| Dividends & Interest | $4,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$575,948 |
| Capital Gain Net Income | $100,044 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116,544 |
| Total Revenue | $4,592,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $253,249 |
| Pension plans, employee benefits | $13,773 |
| Interest | $0 |
| Taxes | $46,086 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,093 |
| Printing and publications | $0 |
| Other expenses | $84,301 |
| Total operating and administrative expenses | $548,754 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $588,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,788 |
| 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 | $11,469,851 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $865,614 |
| Investments—mortgage loans | $0 |
| Investments—other | $944,391 |
| Net Land, buildings, and equipment | $2,447,831 |
| Other assets | $0 |
| Total assets | $18,409,922 |
| 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, Tecks Foundation has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAGE HILL SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
TIGER WOODS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $10,000 |