Tinker Island Foundation
- Assets
- $7.5m
- Revenue
- $15.1m
- Investments
- $7.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-3423358
Organization Overview
Tinker Island Foundation is located in Boston, MA. 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. Tinker Island 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, Tinker Island Foundation generated $15.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Johnson IV President & Secretary | 1 | $0 | |
Daniel M Ardito Treasurer (as Of 11/2023) | 1 | $1,758 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,167,279 |
| Interest on Savings | $0 |
| Dividends & Interest | $251,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,643,358 |
| Capital Gain Net Income | $5,643,358 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,062,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,785 |
| Other employee salaries and wages | $1,494 |
| Pension plans, employee benefits | $447 |
| Interest | $0 |
| Taxes | $75,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,956 |
| Total operating and administrative expenses | $92,511 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,092,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $263,071 |
| Net Accounts receivable | $143,050 |
| 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 | $3,805 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,492,752 |
| 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, Tinker Island Foundation has awarded $1,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: PROGRAM DEVELOPMENT | $750,000 |
NOW AND THERE INC PURPOSE: PROGRAM DEVELOPMENT | $250,000 |