Tibbals Foundation
- Assets
- $11.8m
- Revenue
- $369.0k
- Investments
- $11.6m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 12/1989
- Data as of
- 11/2023
- EIN
- 58-1830372
Organization Overview
Tibbals Foundation is located in Knoxville, TN. The organization was established in 1989. 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. Tibbals 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 11/2023, Tibbals Foundation generated $369.0k in total revenue. All expenses for the organization totaled $262.0k during the year ending 11/2023. While expenses have increased by 160.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Tibbals President | 3 | $0 | |
Sharon Miller Pryse Vp/treasurer | 3 | $0 | |
The Trust Company Of Tennessee Trustee | 5 | $73,626 | |
Joseph P Congleton Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $346,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,661 |
| Capital Gain Net Income | $22,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $369,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,626 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,241 |
| Total operating and administrative expenses | $175,245 |
| Contributions, gifts, grants paid | $86,723 |
| Total expenses and disbursements | $261,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,277 |
| Savings and temporary cash investments | $264,534 |
| 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 | $11,550,206 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,818,017 |
| 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, Tibbals Foundation has awarded $86,723 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RINGLING MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $10,000 |
THE CIRCUS ARTS CONSERVATORY PURPOSE: GENERAL FUNDING | $5,000 |
UNITED WAY OF GREATER KNOXVILLE PURPOSE: GENERAL FUNDING | $20,000 |
SCOTT CHRISTIAN CARE CENTER PURPOSE: GENERAL FUNDING | $1,223 |
FIRST SARASOTA PURPOSE: GENERAL FUNDING | $12,000 |
WEST HILLS BAPTIST CHURCH PURPOSE: GENERAL FUNDING | $28,500 |