Stowers Machinery Foundation Inc

Organization Overview

Stowers Machinery Foundation Inc is located in Knoxville, TN. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowers Machinery 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 12/2021, Stowers Machinery Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Stowers Machinery Foundation Inc has awarded 286 individual grants totaling $2,360,808. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT APPLICABLE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,201,073
Interest on Savings $81
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $420,360
Capital Gain Net Income $420,360
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,803
Total Revenue $1,623,317

Grants Awarded

Over the last fiscal year, Stowers Machinery Foundation Inc has awarded $1,110,492 in support to 125 organizations.

Grant RecipientAmount

GREAT SMOKY MTN COUNCIL

PURPOSE: 2021 CAMP BUCK TOMS DINING HALL

$300,000

HISTORIC TENNESSEE THEATRE FOUNDATION

PURPOSE: 612 CAMPAIGN

$70,000

CHARLES H COOLIDGE MOH HERITAGE CENTER

PURPOSE: OPERATIONS RESERVE FUND PLEDGE OVER 3 YEARS 2020-2022 (PLEDGE 1 OF 3)

$50,000

UNITED WAY OF GREATER KNOXVILLE

Org PageRecipient Profile

Knoxville, TN

PURPOSE: 2021 - CORPORATE PLEDGE

$50,000

THE MEND HOUSE SOBER LIVING COMMUNITY

Org PageRecipient Profile

Knoxville, TN

PURPOSE: CAPITAL FUNDRAISER

$50,000

GREAT SMOKY MTN COUNCIL

PURPOSE: 2021 MISCELLANEOUS DONATION

$40,000
View Grant Profile

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