The Haslam 3 Foundation Inc
- Assets
- $5.3m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 62-1867421
Organization Overview
The Haslam 3 Foundation Inc is located in Knoxville, TN. The organization was established in 2001. 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. Haslam 3 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, Haslam 3 Foundation Inc generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 9.1% 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, Haslam 3 Foundation Inc has awarded 229 individual grants totaling $67,098,579. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NO DIRECT CHARITABLE ACTIVITIES DURING THE CURRENT TAX YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan B Haslam President & | 0 | $0 | |
James B Haslam Secret, Trea | 0 | $0 | |
Whitney H Johnson Director | 0 | $0 | |
Cynthia Haslam Arnholt Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,986,074 |
| Interest on Savings | $383 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,976 |
| Capital Gain Net Income | $58,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $200,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,045,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $74,141 |
| Taxes | $8,381 |
| Depreciation | $146,259 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,445 |
| Total operating and administrative expenses | $434,769 |
| Contributions, gifts, grants paid | $10,286,284 |
| Total expenses and disbursements | $10,721,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,996 |
| Savings and temporary cash investments | $7 |
| 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 | $1,625,000 |
| 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 | $3,615,689 |
| Other assets | $0 |
| Total assets | $5,285,692 |
| 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 | $1,625,000 |
| Other liabilities | $0 |
| Total liabilities | $1,625,000 |
Grants Awarded
Over the last fiscal year, The Haslam 3 Foundation Inc has awarded $10,286,284 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
EMERALD YOUTH FOUNDATION PURPOSE: DEVELOP CHRISTIAN LEADERS | $2,300,000 |
CHARTER SCHOOL GROWTH FUND PURPOSE: GIVE CHILDREN ACCESS TO EDUCATION | $2,000,000 |
LAKESHORE PARK CONSERVANCY PURPOSE: MANAGE AND PRESERVE LAKESHORE PARK | $1,202,340 |
UNIVERSITY OF TN FOUNDATION PURPOSE: SUPPORT COLLEGE OF BUSINESS | $900,000 |
AFC GROWTH FUND PURPOSE: SUPPORT OF K-12 EDUCATION | $500,000 |
METRO SCHOOLS PURPOSE: DELIVER GREAT EDUCATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
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 |