Ternet Fam Foundation Tr
- Assets
- $2.1m
- Revenue
- $94.9k
- Investments
- $2.1m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 08/2019
- Data as of
- 12/2021
- 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 12/2021, Ternet Fam Foundation Tr generated $94.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (53.4%) each year. All expenses for the organization totaled $65.7k during the year ending 12/2021. 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 | $35,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,904 |
| Capital Gain Net Income | $57,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,395 |
| Total Revenue | $94,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,891 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,921 |
| Contributions, gifts, grants paid | $37,760 |
| Total expenses and disbursements | $65,681 |
| 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 | $2,062,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,062,998 |
| 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 $37,760 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TURNSTONE CENTER FOR DISABLED PURPOSE: PROGRAM SUPPORT | $30,000 |
Fort Wayne, IN PURPOSE: PROGRAM SUPPORT | $7,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Sethness Family Foundation Chicago, IL | $3,240,807 | $446,132 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Community Value Alliance Inc Saint Louis, MO | $46,316 | $0 |
Ternet Fam Foundation Tr Evansville, IN | $2,062,998 | $94,873 |
Foundation For Illinois Colonial And American Studies Mt Auburn, IL | $46,727 | $0 |
Americans For Good Inc Barrington, IL | $854,209 | $15,000 |
Mary Louise Walburn Charitable Trust Evansville, IN | $290,824 | $37,706 |
Charlton C Cox Irrevocable Charitable Trust Louisville, KY | $305,760 | $91,646 |
Repairers Of The Breach Inc Lexington, KY | $23,740 | $0 |
Community Real Estate And Personal Property Foundation Inc Appleton, WI | $3,808,394 | $72,043 |