Dr And Mrs R Faser Triplett Foundation
- Assets
- $7.4m
- Revenue
- $634.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, MS
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 72-1361246
Organization Overview
Dr And Mrs R Faser Triplett Foundation is located in Madison, MS. 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. Dr And Mrs R Faser Triplett 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, Dr And Mrs R Faser Triplett Foundation generated $634.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $775.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr And Mrs R Faser Triplett Foundation has awarded 18 individual grants totaling $3,408,088. 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 |
|---|---|---|---|
Rodney F Triplett Jr Director | 2 | $15,000 | |
Diane T Holloway Director | 2 | $15,000 | |
Liz Walker Director | 2 | $15,000 | |
Lou Ann T Woidtke Director | 2 | $15,000 | |
Susan Fuller Director | 2 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13 |
| Interest on Savings | $6,464 |
| Dividends & Interest | $463,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,550 |
| Capital Gain Net Income | $151,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,304 |
| Total Revenue | $634,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,958 |
| Total operating and administrative expenses | $225,360 |
| Contributions, gifts, grants paid | $550,111 |
| Total expenses and disbursements | $775,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,409,458 |
| 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 | $0 |
| Total assets | $7,409,458 |
| 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, Dr And Mrs R Faser Triplett Foundation has awarded $518,470 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSISSIPPI FOUNDATION - W MAGEE CENTER WELL ED ENDOWMENT PURPOSE: UNRESTRICTED | $30,000 |
UNIVERSITY OF MISSISSIPPI FOUNDATION - MAGEE INSTITUTE LAUNCH FUND PURPOSE: UNRESTRICTED | $15,858 |
UNIVERSITY OF MISSISSIPPI FOUNDATION - TRIPLETT ALUMNI CENTER PROJECT PURPOSE: UNRESTRICTED | $472,547 |
FROM K-1 FOR GREAT SOUTHERN CAPITAL CORPORATION PURPOSE: UNRESTRICTED | $65 |