Truesdell Family Foundation Inc
- Assets
- $516.9k
- Revenue
- $127.9k
- Investments
- $501.6k
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3714066
Organization Overview
Truesdell Family Foundation Inc is located in Duluth, GA. The organization was established in 2018. 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. Truesdell Family Foundation Inc 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 12/2023, Truesdell Family Foundation Inc generated $127.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $146.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Truesdell Family Foundation Inc has awarded 13 individual grants totaling $318,922. 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 |
|---|---|---|---|
Clara W Truesdell Director | 0.5 | $0 | |
Chuvalo J Truesdell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,752 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,711 |
| Capital Gain Net Income | $27,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,072 |
| Total Revenue | $127,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,484 |
| Contributions, gifts, grants paid | $140,025 |
| Total expenses and disbursements | $146,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,346 |
| 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 | $0 |
| Total assets | $516,943 |
| 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, Truesdell Family Foundation Inc has awarded $140,025 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DULUTH FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $50,000 |
DULUTH FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $25 |
DULUTH FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $50,000 |
VANDERBUILT UNIVERSITY PURPOSE: GENERAL OPERATING | $5,000 |
DULUTH FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $35,000 |