Tom And Meg Names Family Foundation
- Assets
- $31.9m
- Revenue
- $3.6m
- Investments
- $30.6m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4742634
Organization Overview
Tom And Meg Names Family Foundation is located in Pennington, NJ. 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. Tom And Meg Names 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.
For the year ending 12/2023, Tom And Meg Names Family Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tom And Meg Names Family Foundation has awarded 129 individual grants totaling $17,549,118. 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 |
|---|---|---|---|
Monica L Names-King Secretary-Treasurer | 20 | $13,200 | |
Erin Shagren President | 27 | $13,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney Llc | 12/30/19 | $64,078 |
Goldman Sachs - United Capital Financial Advis | 12/30/19 | $31,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $661,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,942,856 |
| Capital Gain Net Income | $2,942,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76 |
| Total Revenue | $3,604,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $90,026 |
| Interest | $0 |
| Taxes | $68,249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,369 |
| Total operating and administrative expenses | $376,621 |
| Contributions, gifts, grants paid | $4,806,071 |
| Total expenses and disbursements | $5,182,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,159 |
| Savings and temporary cash investments | $1,307,695 |
| 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 | $3,075,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,929,760 |
| 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, Tom And Meg Names Family Foundation has awarded $4,806,071 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MOPS INTERNATIONAL PURPOSE: UNRESTRICTED GENERAL | $250,000 |
BIG BROTHERS BIG SISTERS OF PUGET SOUND PURPOSE: UNRESTRICTED GENERAL | $75,000 |
PARTNERS FOR PARKS PURPOSE: UNRESTRICTED GENERAL | $50,000 |
SEVEN ACRES FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $725,000 |
ONLY7SECONDS CONNECTION CURRICULUM PURPOSE: UNRESTRICTED GENERAL | $100,000 |
TACOMA ATHLETIC COMMISSION PURPOSE: SALUTE TO SPORTS | $25,000 |