T & T Family Foundation
- Assets
- $4.2m
- Revenue
- $278.0k
- Investments
- $4.1m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 62-6324206
Organization Overview
T & T Family Foundation is located in Nashville, TN. The organization was established in 1997. 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. T & T Family 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 12/2022, T & T Family Foundation generated $278.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $897.5k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 4 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 2019, T & T Family Foundation has awarded 431 individual grants totaling $2,635,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE T & T FAMILY FOUNDATION IS TO MAKE CONTRIBUTIONS TO QUALIFYING CHARITABLE ORGANIZATIONS AS APPROVED BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lester L Turner Jr Trustee | 0 | $0 | |
Currey Turner Thornton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,123 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $277,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,225 |
| Total operating and administrative expenses | $95,025 |
| Contributions, gifts, grants paid | $802,500 |
| Total expenses and disbursements | $897,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,243 |
| 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 | $2,031 |
| 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 | $0 |
| Total assets | $4,162,151 |
| 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, T & T Family Foundation has awarded $802,500 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
100 CLUB OF NASHVILLE PURPOSE: GENERAL FUNDS | $5,000 |
ALIVE HOSPICE PURPOSE: MADISON CAMPUS | $1,000 |
ADVENTURE SCIENCE CENTER PURPOSE: GENERAL FUNDS | $5,000 |
AMERICAN CANCER SOCIETY MEMORIAL FOUNDATION - HOPE LODGE PURPOSE: GENERAL OPERATIONS | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUNDS, NASHVILLE AREA | $1,000 |
BROADCASTER'S FOUNDATION OF AMERICA PURPOSE: BROADCAST PROFESSIONALS IN FINANCIAL NEED | $2,000 |