10-1 Foundation Inc
- Assets
- $2.0m
- Revenue
- $113.9k
- Investments
- $592.0k
- Employees
- 0
- Location
- Thomasville, GA
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 59-3789335
Organization Overview
10-1 Foundation Inc is located in Thomasville, GA. The organization was established in 2006. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 10-1 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 12/2021, 10-1 Foundation Inc generated $113.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $320.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 10-1 Foundation Inc has awarded 39 individual grants totaling $634,278. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Cole Forsyth Cfo/sec | 0 | $0 | |
Michael A Grimsley CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $18,717 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,497 |
| Capital Gain Net Income | $11,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$349 |
| Total Revenue | $113,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $596 |
| Depreciation | $0 |
| Occupancy | $3,410 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204 |
| Total operating and administrative expenses | $19,988 |
| Contributions, gifts, grants paid | $300,572 |
| Total expenses and disbursements | $320,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,437 |
| 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 | $78 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $478,363 |
| Net Land, buildings, and equipment | $1,297,158 |
| Other assets | $0 |
| Total assets | $1,997,626 |
| 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, 10-1 Foundation Inc has awarded $300,572 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
FRONTIER FELLOWSHP PURPOSE: GENERAL OPERATING FUND | $84,000 |
SACRED ROAD MINISTRIES PURPOSE: GENERAL OPERATING FUND | $36,972 |
NEXT LEVEL TRAINING AND DEVELOPMENT PURPOSE: GENERAL OPERATING FUND | $26,500 |
YOUNG LIFE THOMAS COUNTY PURPOSE: GENERAL OPERATING FUND | $21,500 |
Thomasville, GA PURPOSE: GENERAL OPERATING FUND | $18,000 |
Marietta, GA PURPOSE: GENERAL OPERATING FUND | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
United Arts Of Central Florida Inc Orlando, FL | $7,262,760 | $11,256,012 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |