Tara Foundation
- Assets
- $141.9k
- Revenue
- $39.0k
- Investments
- $125.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 57-1139450
Organization Overview
Tara Foundation is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Tara 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, Tara Foundation generated $39.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $60.9k during the year ending 12/2021. While expenses have increased by 15.1% 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, Tara Foundation has awarded 73 individual grants totaling $193,265. 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 |
|---|---|---|---|
Loren G Beadle President/director | 1 | $0 | |
Amy J Beadle Secretary/treasurer/direct | 1 | $0 | |
Nathan E Beadle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,843 |
| Capital Gain Net Income | $20,843 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $5,717 |
| Contributions, gifts, grants paid | $55,200 |
| Total expenses and disbursements | $60,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $16,598 |
| 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 | $125,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $141,859 |
| 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, Tara Foundation has awarded $55,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LEARN CHARTER SCHOOL NETWORK PURPOSE: OPEARTING FUNDS | $32,500 |
HOLLINGS CANCER CENTER - MUSC PURPOSE: OPERATING FUNDS | $10,000 |
MEET THE NEEDS CHARLESTON PURPOSE: OPERATING FUNDS | $6,500 |
THE POINT PURPOSE: OPERATING FUNDS | $3,500 |
CITY OF GREENVILLE - PARKS AND GROUNDS PURPOSE: OPERATING FUNDS | $1,100 |
MAULDIN HIGH SCHOOL PURPOSE: OPERATING FUNDS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tara Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hackett Family Foundation Wilmington, DE PURPOSE: SPONSERSHIP OF 2016 APEX DINNER | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Willard J And Alice C Corbett Char Tr Chicago, IL | $0 | $307,254 |
Ferdinand A & Agnes M Bower Charitable Trust Chicago, IL | $0 | $555,207 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |