Telos Foundation Inc
- Assets
- $3.2m
- Revenue
- $935.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 64-0854272
Organization Overview
Telos Foundation Inc is located in Jackson, MS. The organization was established in 1996. 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. Telos 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, Telos Foundation Inc generated $935.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $304.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Telos Foundation Inc has awarded 76 individual grants totaling $546,936. 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:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Mounger II Secretary/treasurer | 0 | $0 | |
Callie Brandon Mounger Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $316 |
| Dividends & Interest | $45,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $222,143 |
| Capital Gain Net Income | $222,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $667,762 |
| Total Revenue | $935,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,702 |
| Total operating and administrative expenses | $128,334 |
| Contributions, gifts, grants paid | $176,496 |
| Total expenses and disbursements | $304,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,967 |
| 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 | $1,634,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $3,171,940 |
| Accounts payable and accrued expenses | $103,811 |
| 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 | $4,267 |
| Total liabilities | $108,078 |
Grants Awarded
Over the last fiscal year, Telos Foundation Inc has awarded $176,496 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHLANDS PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED | $56,000 |
Casselberry, FL PURPOSE: UNRESTRICTED | $20,000 |
MISSISSIPI CHILDREN'S MUSEUM PURPOSE: UNRESTRICTED | $15,000 |
Washington, DC PURPOSE: UNRESTRICTED | $15,000 |
MAGNOLIA SPEECH SCHOOL PURPOSE: UNRESTRICTED | $10,000 |
Jackson, MS PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
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 |
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 |