Foundation For The Tri-State Community Inc
- Assets
- $35.5m
- Revenue
- $3.3m
- Investments
- $32.7m
- Employees
- 4
- Location
- Ashland, KY
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 61-0729266
Organization Overview
Foundation For The Tri-State Community Inc is located in Ashland, KY. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Foundation For The Tri-State Community Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Tri-State Community 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, Foundation For The Tri-State Community Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.0% 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 2014, Foundation For The Tri-State Community Inc has awarded 167 individual grants totaling $2,365,739. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. IS A COMMUNITY FOUNDATION ESTABLISHED TO IMPROVE THE QUALITY OF LIFE IN THE TRI-STATE REGION OF KENTUCKY, OHIO AND WEST VIRGINIA, BY ENCOURAGING, RAISING, ADMINSTERING AND DISTRIBUTING GIFTS FOR CHARITABLE, CULTURAL, EDCATIONAL AND SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. SPONSORS MANY PROGRAMS FOR THE CULTURAL AND EDUCATIONAL ENRICHMENT OF THE TRI-STATE AREA.
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 |
|---|---|---|---|
Mary Witten Wiseman President | $174,947 | ||
Kristy Gross Secretary/tr | OfficerTrustee | $0 | |
Lee Oxley Vice Chairma | OfficerTrustee | $0 | |
Earnest Pitt Vice Chairma | OfficerTrustee | $0 | |
Jodi Rowe-Collins Vice Chairma | OfficerTrustee | $0 | |
Christopher Plybon Chairman | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $972,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,626 |
| Total Program Service Revenue | $0 |
| Investment income | $568,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,807,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,348,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $728,294 |
| Grants and other assistance to domestic individuals. | $45,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,698 |
| Payroll taxes | $24,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,684 |
| Travel | $5,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,715 |
| Insurance | $4,331 |
| All other expenses | $31,443 |
| Total functional expenses | $1,652,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,450,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,662,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,322,779 |
| Total assets | $35,453,152 |
| Accounts payable and accrued expenses | $47,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $444,979 |
| Total liabilities | $492,643 |
| Net assets without donor restrictions | $2,007,645 |
| Net assets with donor restrictions | $32,952,864 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,453,152 |
Grants Awarded
Over the last fiscal year, Foundation For The Tri-State Community Inc has awarded $422,931 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFIELD CDC | | | $100,000 |
FIRST CHURCH OF THE NAZARENE | | | $51,250 |
Huntington, WV | | $39,034 |
Huntington, WV | | $28,097 |
Huntington, WV | | $22,804 |
Huntington, WV | | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation For The Tri-State Community Inc has recieved totaling $111,300.
| Awarding Organization | Amount |
|---|---|
James H Harless Foundation Inc Gilbert, WV PURPOSE: PGRM SUPPORT | $75,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: ASPHALT ART INITIATIVE FOR THE CITY OF HUNTINGTON, WV | $25,000 |
American Junior Golf Foundation Inc Braselton, GA PURPOSE: GENERAL SUPPORT | $5,250 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,050 |
Millard F & Beulah M Field Crut Memorial Trust Lexington, KY PURPOSE: EDUCATION/GRANTS | $1,000 |
Endowment Analysis
| Beg. Balance | $27,272,222 |
| Earnings | $4,329,242 |
| Net Contributions | $514,044 |
| Grants | -$939,923 |
| Ending Balance | $31,175,585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |