Joyce And Jim Teel Family Foundation
- Assets
- $581.7k
- Revenue
- $541.4k
- Investments
- $73.6k
- Employees
- 0
- Location
- Granite Bay, CA
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 68-0521463
Organization Overview
Joyce And Jim Teel Family Foundation is located in Granite Bay, CA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Joyce And Jim Teel 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 12/2021, Joyce And Jim Teel Family Foundation generated $541.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $142.9k during the year ending 12/2021. While expenses have increased by 3.8% 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 2016, Joyce And Jim Teel Family Foundation has awarded 14 individual grants totaling $1,476,696. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Teel Chairman | 0 | $0 | |
Laurie Struck Director | 0 | $0 | |
Jim Teel Chairman | 0 | $0 | |
Lisa Teel Director | 0 | $0 | |
Claudia Doerhoff President | 0 | $0 | |
Elizabeth Bowers Secty/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $20 |
| Dividends & Interest | $13,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,637 |
| Capital Gain Net Income | $27,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $541,432 |
| 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 | $0 |
| Total operating and administrative expenses | $6,687 |
| Contributions, gifts, grants paid | $136,187 |
| Total expenses and disbursements | $142,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,188 |
| 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 | $73,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $581,744 |
| 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, Joyce And Jim Teel Family Foundation has awarded $136,187 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SACRAMENTO PHILHARMONIC PURPOSE: FURTHER EXEMPT PURPOSE | $100,000 |
Sacramento, CA PURPOSE: FURTHER EXEMPT PURPOSE | $25,000 |
Sacramento, CA PURPOSE: FURTHER EXEMPT PURPOSE | $11,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |