David B Terk Foundation
- Assets
- $1.1m
- Revenue
- $181.7k
- Investments
- $290.4k
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 74-2640710
Organization Overview
David B Terk Foundation is located in San Antonio, TX. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. David B Terk 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, David B Terk Foundation generated $181.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $156.3k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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, David B Terk Foundation has awarded 164 individual grants totaling $333,102. 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 TERK TRIBE SEE ATTACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Ayn Terk Dir/pres | 2 | $20,000 | |
Mitchell Terk Murphy Board Memeber | 2 | $12,000 | |
Eleanor Terk Board Member | 2 | $2,500 | |
Morgan Rebecca Terk Murphy Board Member | 2 | $12,000 | |
Mckenna Terk Murphy Board Member | 2 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,537 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,974 |
| Capital Gain Net Income | $142,974 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,621 |
| Interest | $4 |
| Taxes | $5,210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $87 |
| Printing and publications | $0 |
| Other expenses | $50,868 |
| Total operating and administrative expenses | $151,333 |
| Contributions, gifts, grants paid | $5,001 |
| Total expenses and disbursements | $156,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,845 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $583,398 |
| Total assets | $1,083,663 |
| 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, David B Terk Foundation has awarded $5,001 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GLADNEY CENTER OF ADOPTION PURPOSE: TO SUPPORT DOMESTIC INFANT ADOPTION, INTERNATIONAL ADOPTION, AND FOSTER ADOPTION. | $50 |
WISH FOR OUR HEROES PURPOSE: TO SUPPORT THE MILITARY LIFE OF MEN AND WOMEN WHO SERVE OUR NATION. | $3,500 |
SYCAMORE CREEK RANCH PURPOSE: TO SUPPORT OUR REVOLUTIONARY DEMENTIA CARE COMMUNITY THAT WAS BUILT FOR QUALITY ALZHEIMER'S ASSSISTED LIVING. | $1,451 |