Taitanchi Foundation Inc
- Assets
- $15.9m
- Revenue
- $4.5m
- Investments
- $11.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 47-5484709
Organization Overview
Taitanchi Foundation Inc is located in Atlanta, GA. 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. Taitanchi Foundation Inc 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 12/2022, Taitanchi Foundation Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Taitanchi Foundation Inc has awarded 90 individual grants totaling $41,613,582. 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 |
|---|---|---|---|
Margaret Bear President, Director | 10 | $150,000 | |
Russell Mckellar Director | 10 | $137,500 | |
Elizabeth Parker Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $21,073 |
| Dividends & Interest | $16,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,093 |
| Capital Gain Net Income | $294,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $176,093 |
| Total Revenue | $4,507,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $287,500 |
| Other employee salaries and wages | $95,000 |
| Pension plans, employee benefits | $5,484 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $13,544 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124,529 |
| Total operating and administrative expenses | $526,057 |
| Contributions, gifts, grants paid | $1,163,060 |
| Total expenses and disbursements | $1,689,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,888 |
| Savings and temporary cash investments | $4,309,565 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,021,359 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,906,812 |
| 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, Taitanchi Foundation Inc has awarded $1,163,060 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIONEERS - COLLECTIVE HERITAGE INSTITUTE PURPOSE: GRANT | $763,060 |
IAIA FOUNDATION PURPOSE: GRANT | $100,000 |
AKIING 8TH FIRE PURPOSE: GRANT | $300,000 |