Tent Foundation
- Assets
- $41.9m
- Revenue
- $3.2m
- Investments
- $41.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-2761733
Organization Overview
Tent Foundation is located in New York, NY. The organization was established in 2015. 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. Tent 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, Tent Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 32.8% per year over the past 7 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, Tent Foundation has awarded 74 individual grants totaling $3,246,293. 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 |
|---|---|---|---|
Scarlet Cronin Interim Executive Director/vp | 40 | $266,811 | |
Veronica Rossini Dir, Marketing & Com | 40 | $238,460 | |
Nicholas O'flaherty Director, Strategic | 40 | $224,957 | |
Yaron Schwartz Assoc. Dir, Global P | 40 | $167,115 | |
Juan Blanco Ramos Senior Mgr, Strategi | 40 | $151,692 | |
Ileana Cruz-Marden Senior Mgr, Global P | 40 | $144,370 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fleishmanhillard Inc | 12/30/21 | $66,589 |
Gmmb | 12/30/21 | $62,017 |
Violet Office Llc | 12/30/21 | $108,019 |
The Economist Group Limited | 12/30/21 | $85,000 |
Jobs For The Future | 12/30/21 | $76,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,199,234 |
| Interest on Savings | $181 |
| 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 | $0 |
| Total Revenue | $3,199,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $516,766 |
| Other employee salaries and wages | $1,784,038 |
| Pension plans, employee benefits | $316,294 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,374 |
| Printing and publications | $0 |
| Other expenses | $81,763 |
| Total operating and administrative expenses | $3,516,097 |
| Contributions, gifts, grants paid | $155,939 |
| Total expenses and disbursements | $3,672,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,292 |
| 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 | $41,226,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,923,532 |
| Accounts payable and accrued expenses | $564,819 |
| 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 | $564,819 |
Grants Awarded
Over the last fiscal year, Tent Foundation has awarded $146,939 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
NYU STERN PURPOSE: UNRESTRICTED GRANT FOR RESEARCH ON REFUGEES | $40,000 |
CANADIAN ABORIGINAL & MINORITY SUPPLIER COUNCIL PURPOSE: THE GRANT PROVIDES FUNDING TO IMPLEMENT SYSTEM DESIGN CHANGES TO CAMSC'S INFORMATION TECHNOLOGY IN ORDER TO ACCEPT APPLICATIONS FROM REFUGEE-OWNED BUSINESSES IN CANADA AND CERTIFY THEM TO BECOME REGISTERED SUPPLIERS. | $12,500 |
RED ACOGE PURPOSE: MENTORING REFUGEE WOMEN INITIATIVE | $11,559 |
PLACE NETWORK PURPOSE: MENTORING REFUGEE WOMEN INITIATIVE | $11,411 |
Baltimore, MD PURPOSE: FUNDING FOR DEVELOPING A HIRING GUIDE FOR US EMPLOYERS INTERESTED IN HIRING REFUGEES | $10,000 |
Fairfield, CT PURPOSE: UNRESTRICTED GIFT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tent Foundation has recieved totaling $1,964,311.
| Awarding Organization | Amount |
|---|---|
Chobani Foundation Inc New Berlin, NY PURPOSE: RESEARCH, PROGRAMS, GRANTS AND PARTNERSHIPS TO IMPROVE THE LIVES OF REFUGEES | $1,964,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |