Ann L Turner & Geoffrey M Tennant Foundation Inc
- Assets
- $1.9m
- Revenue
- $119.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Tryon, NC
- Founding
- 06/2001
- Data as of
- 02/2022
- EIN
- 56-2242164
Organization Overview
Ann L Turner & Geoffrey M Tennant Foundation Inc is located in Tryon, NC. The organization was established in 2001. 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. Ann L Turner & Geoffrey M Tennant 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 02/2022, Ann L Turner & Geoffrey M Tennant Foundation Inc generated $119.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $89.4k during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ann L Turner & Geoffrey M Tennant Foundation Inc has awarded 73 individual grants totaling $804,084. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS FOR GRADUATES OF THE POLK COUNTY NC PUBLIC SCHOOLS TO ATTEND UNIVERSITIES AND COLLEGES IN PURSUE OF UNDERGRADUATE DEGREES. THE SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE EDUCATION INSTITUTION FOR THE PURPOSES OF TUITION AND SUPPLIES AND ARE NOT AWARDED DIRECTLY TO THE INDIVIDUAL.
THE FOUNDATION AWARDS GRANTS TO PUBLIC CHARITIES FOR THE EDUCATIONAL ENRICHMENT OF ELEMENTARY AGE PUBLIC SCHOOL STUDENTS, AND FOR GENERAL PUBLIC ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice E Tennant Chair/pres | 0.25 | $0 | |
Joan Feagan Board Secretary | 0.1 | $0 | |
William J Miller Board Member | 0.1 | $0 | |
Shannon Tennant Board Member | 0.1 | $0 | |
James F Hemphill Board Member | 0.1 | $0 | |
Jodi B Harris Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,758 |
| Capital Gain Net Income | $79,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,769 |
| Total operating and administrative expenses | $24,170 |
| Contributions, gifts, grants paid | $65,194 |
| Total expenses and disbursements | $89,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,147 |
| Savings and temporary cash investments | $116,649 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,924,790 |
| 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, Ann L Turner & Geoffrey M Tennant Foundation Inc has awarded $65,194 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
POLK COUNTY PUBLIC SCHOOLS PURPOSE: TO FUND POLK COUNTY PUBLIC SCHOOLS PROGRAMS. | $25,000 |
Raleigh, NC PURPOSE: AWARDED TO POLK COUNTY HIGH SCHOOL GRADUATES FOR UNDERGRADUATE UNIVERSITY STUDIES | $24,194 |
UNIVERSITY OF NC CHAPEL HILL PURPOSE: AWARDED TO POLK COUNTY HIGH SCHOOL GRADUATES FOR UNDERGRADUATE UNIVERSITY STUDIES | $12,000 |
UNIVERSITY OF NC ASHEVILLE PURPOSE: AWARDED TO POLK COUNTY HIGH SCHOOL GRADUATES FOR UNDERGRADUATE UNIVERSITY STUDIES | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |