Ten Foundation Inc
- Assets
- $11.2m
- Revenue
- $1.9m
- Investments
- $8.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 58-2660997
Organization Overview
Ten Foundation Inc is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten 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, Ten Foundation Inc generated $1.9m 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 (9.1%) each year. All expenses for the organization totaled $1.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (67.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES - EXPANSION USA-BASED STAFF MEMBERS WORKED WITH INDIGENOUS CHRISTIAN PASTORS, CHURCHES, AND DENOMINATIONS ACROSS SUB-SAHARAN AFRICA TO DISTRIBUTE THE TRAINING COURSES IN COMMUNITIES REQUESTING THE EDUCATIONAL MATERIALS. THE TRAINING PROGRAM WAS LAUNCHED IN ADDITIONAL COUNTRIES THROUGH A VARIETY OF METHODS, INCLUDING EVENTS ATTENDED BY MANY PASTORS AND COMMUNITY LEADERS AND OUTREACH BY LOCAL MINISTRIES AND CHURCHES. TEN PROVIDED THOUSANDS OF COPIES OF COURSE MATERIALS TO THOUSANDS OF TRAINING SITES ACROSS SUBSAHARAN AFRICA, SOME FOR A NOMINAL FEE FROM THE STUDENT TO PARTIALLY COVER COSTS OF DISTRIBUTION, AND OTHERS FOR NO FEE TO STUDENTS WHO WERE FINANCIALLY UNABLE TO PAY A NOMINAL FEE FOR THE TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Wilkinson Director/ceo | 0 | $0 | |
Susan Curry Director | 0 | $0 | |
Mark Layne Director | 0 | $0 | |
Martin Deacon President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sutherland Asbill & Brennan Llp | 12/30/15 | $115,478 |
Fred Holmes Productions | 12/30/15 | $66,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,930,618 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,930,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,888 |
| Total operating and administrative expenses | $1,888 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $0 |
| 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 | $2,866,000 |
| Inventories for sale or use | $30,635 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,297,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,313 |
| Total assets | $11,198,376 |
| 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 |