Tepas Family Foundation
- Assets
- $3.3m
- Revenue
- $923.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Inverness, IL
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-3639675
Organization Overview
Tepas Family Foundation is located in Inverness, IL. The organization was established in 2016. 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. Tepas 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 12/2022, Tepas Family Foundation generated $923.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $182.4k during the year ending 12/2022. While expenses have increased by 27.1% per year over the past 4 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 2020, Tepas Family Foundation has awarded 37 individual grants totaling $339,444. 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 |
|---|---|---|---|
Gary L Tepas President | 0 | $0 | |
Jessica Tepas Director & Secretary | 0 | $0 | |
Christopher T Tepas Director | 0 | $0 | |
Gregory L Tepas Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $629,789 |
| Interest on Savings | $0 |
| Dividends & Interest | $160,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,091 |
| Capital Gain Net Income | $126,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,009 |
| Total Revenue | $923,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $929 |
| Total operating and administrative expenses | $29,376 |
| Contributions, gifts, grants paid | $153,038 |
| Total expenses and disbursements | $182,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,230 |
| 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 | $3,176,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,284,106 |
| 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, Tepas Family Foundation has awarded $153,038 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL RESEARCH CENTER PURPOSE: THE CAPITAL RESEARCH CENTER WAS ESTABLISHED IN 1984 TO EXAMINE HOW FOUNDATIONS, CHARITIES, AND OTHER NONPROFITS SPEND MONEY AND GET INVOLVED IN POLITICS AND ADVOCACY, OFTEN IN WAYS THAT DONORS NEVER INTENDED AND WOULD FIND ABHORRENT. | $10,000 |
FOOD ALLERGY RESEARCH & EDUCATION INC PURPOSE: PAYMENT TO IMPROVE THE QUALITY OF LIFE AND THE HEALTH OF INDIVIDUALS WITH FOOD ALERGIES | $15,000 |
FROM K-1 ALLIANCEBERNSTEIN HOLDING LP PURPOSE: CHARITABLE CONTRIBUTIONS FROM K-1 | $38 |
JUDICIAL WATCH INC PURPOSE: PAYMENT TO BREAK THROUGH GOVERNMENT SECRECY, EXPOSE AND STOP GOVERNMENT CORRUPTION, AND EDUCATE THE | $20,000 |
JUVENILE DIABETES RESEARCH FOUNDATION INTERNATIONAL PURPOSE: PAYMENT TO FIND A CURE FOR TYPE 1 DIABETES. | $15,000 |
MIAMI UNIVERSITY PURPOSE: MIAMI PROVIDES THE OPPORTUNITIES OF A MAJOR UNIVERSITY WHILE OFFERING THE PERSONALIZED ATTENTION FOUND IN THE BEST SMALL COLLEGES. | $15,000 |