Ternet Fam Foundation Tr
- Assets
- $1.9m
- Revenue
- $124.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 61-6611472
Organization Overview
Ternet Fam Foundation Tr is located in Evansville, IN. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support 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. Ternet Fam Foundation Tr 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 12/2023, Ternet Fam Foundation Tr generated $124.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $201.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,389 |
| Capital Gain Net Income | $75,389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $253 |
| Total Revenue | $124,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,151 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,405 |
| Contributions, gifts, grants paid | $175,218 |
| Total expenses and disbursements | $201,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $1,871,532 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,871,532 |
| 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, Ternet Fam Foundation Tr has awarded $175,218 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ERIN'S HOUSE FOR GRIEVING CHILDREN PURPOSE: PROGRAM SUPPORT | $75,218 |
TURNSTONE CENTER FOR DISABLED PURPOSE: PROGRAM SUPPORT | $100,000 |