Eastman Foundation
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $1.7m
- Employees
- 0
- Location
- Kingsport, TN
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 62-1614800
Organization Overview
Eastman Foundation is located in Kingsport, TN. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Eastman Foundation 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, Eastman Foundation generated $1.6m 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 (9.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Eastman Foundation has awarded 833 individual grants totaling $11,304,045. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Stuckey Director & Vice President | 0 | $0 | |
Donny Chia Director & Treasurer | 0 | $0 | |
Kristi Bennett Corporate Secretary | 0 | $0 | |
Paula Bulcao Director | 0 | $0 | |
Willie Mclain Director & President | 0 | $0 | |
Gregory A Riddle Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,427,162 |
| Interest on Savings | $172 |
| Dividends & Interest | $143,786 |
| 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 | $1,508 |
| Total Revenue | $1,572,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,887 |
| Total operating and administrative expenses | $61,368 |
| Contributions, gifts, grants paid | $1,936,977 |
| Total expenses and disbursements | $1,998,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $276,271 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,608 |
| Total assets | $1,967,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,029,998 |
| 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 | $2,029,998 |
Grants Awarded
Over the last fiscal year, Eastman Foundation has awarded $1,936,977 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT | $480,000 |
NORTH CAROLINA AGRICULTURAL AND TEC PURPOSE: SCHOLARSHIP | $290,000 |
Longview, TX PURPOSE: COVID 19 RELIEF | $125,000 |
Johnson City, TN PURPOSE: REGIONAL SCIENCE FAIR, ACADEMIC ALLIANCE, MATHLETES PROGRAM | $62,182 |
Longview, TX PURPOSE: COVID-19 RELIEF | $58,000 |
APPALACHIAN SUSTAINABLE DEVELOPMENT PURPOSE: GRANT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eastman Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Wellmont Health System Johnson City, TN PURPOSE: Sponsorship | $10,000 |
Wellmont Health System Johnson City, TN PURPOSE: Sponsorship | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |