The Talbott Family Foundation
- Assets
- $6.3m
- Revenue
- $233.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/1995
- Data as of
- 11/2021
- EIN
- 77-0389983
Organization Overview
The Talbott Family Foundation is located in Wilmington, DE. The organization was established in 1995. 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. Talbott 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 11/2021, Talbott Family Foundation generated $233.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $391.5k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTORCYCLE MUSEUM - THE FOUNDATION OPERATES A MOTORCYCLE MUSEUM FOR PUBLIC ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Talbott Pres, Chair | 20 | $0 | |
Vivienne Talbott Sec, Treas | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,300 |
| Interest on Savings | $102 |
| Dividends & Interest | $106,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,758 |
| Capital Gain Net Income | $101,058 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,118 |
| Total Revenue | $233,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,490 |
| Taxes | $48,826 |
| Depreciation | $32,729 |
| Occupancy | $42,386 |
| Travel, conferences, and meetings | $47 |
| Printing and publications | $329 |
| Other expenses | $83,109 |
| Total operating and administrative expenses | $350,910 |
| Contributions, gifts, grants paid | $40,600 |
| Total expenses and disbursements | $391,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,869 |
| 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 | $1,478,960 |
| Other assets | $1,720,811 |
| Total assets | $6,339,885 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,580 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,373,194 |
| Total liabilities | $1,378,774 |
Grants Awarded
Over the last fiscal year, The Talbott Family Foundation has awarded $40,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Lake Elsinore, CA PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Pacific Grove, CA PURPOSE: GENERAL & UNRESTRICTED | $6,100 |
Monterey, CA PURPOSE: 14TH ANNUAL BLACK TIE GALA SUPPORT | $5,500 |
MAXS HELPING PAWS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Salinas, CA PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
SALVATION ARMY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |