Stephen And Jacquelyn Tate Foundation
- Assets
- $2.1m
- Revenue
- $408.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- New Market, MD
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-5408705
Organization Overview
Stephen And Jacquelyn Tate Foundation is located in New Market, MD. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen And Jacquelyn Tate 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, Stephen And Jacquelyn Tate Foundation generated $408.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $99.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stephen And Jacquelyn Tate Foundation has awarded 47 individual grants totaling $242,050. 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 |
|---|---|---|---|
Stephen Tate President | 0 | $0 | |
Alexandra Hardin Chairman | 0 | $0 | |
Mary Menefee Secretary | 0 | $0 | |
Wayne Johnson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $347,544 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,298 |
| Capital Gain Net Income | $25,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $408,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $3,331 |
| Contributions, gifts, grants paid | $96,200 |
| Total expenses and disbursements | $99,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,414 |
| 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 | $2,091,512 |
| 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, Stephen And Jacquelyn Tate Foundation has awarded $96,200 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S BIBLE MINISTRIES OF VA PURPOSE: PAGE CO WKDY RELIGIOUS EDUC CAMP | $2,000 |
CHRISTIAN APPALACHIAN PROJECT PURPOSE: IMPROVING LIVES IN APPALACHIA | $25,000 |
COMMUNITY BIBLE STUDY PURPOSE: MINISTRY OUTREACH | $1,000 |
CROSSROADS FREEDOM CENTER PURPOSE: RECOVERY PROGRAM | $10,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: LOCAL FCA SUPPORT | $3,500 |
FREDERICK RESCUE MISSION PURPOSE: FAITH HOUSE | $1,000 |