Tweed Family Foundation Inc
- Assets
- $6.1m
- Revenue
- $260.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Greeneville, TN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-0976486
Organization Overview
Tweed Family Foundation Inc is located in Greeneville, TN. The organization was established in 2019. 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. Tweed 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 12/2022, Tweed Family Foundation Inc generated $260.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.0%) each year. All expenses for the organization totaled $349.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tweed Family Foundation Inc has awarded 89 individual grants totaling $1,319,537. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2018 THE FOUNDATION LAID THE GROUNDWORK TO LAUNCH IT'S PROGRAMS IN THE 2019 TAX YEAR. TO DATE NO PERSONS HAVE BENEFITED.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tweed President | 1 | $0 | |
Kimberly Tweed Secretary | 1 | $0 | |
Bridget Lollar Treasurer | 1 | $0 | |
Joseph Tweed Trustee | 1 | $0 | |
Taylor Waddell Trustee | 1 | $0 | |
Gypsy Tweed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,182 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,111 |
| Capital Gain Net Income | $116,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197 |
| Total operating and administrative expenses | $34,029 |
| Contributions, gifts, grants paid | $315,088 |
| Total expenses and disbursements | $349,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,964,761 |
| 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 | $2,029,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,108,589 |
| 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, Tweed Family Foundation Inc has awarded $630,176 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
LYDIA'S MISSION PURPOSE: GENERAL SUPPORT | $33,388 |
THE WELL INC PURPOSE: GENERAL SUPPORT | $15,000 |
CUMBERLAND HEIGHTS FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
JEREMIAH SCHOOL PURPOSE: GENERAL SUPPORT | $30,000 |
THE MIDST PURPOSE: GENERAL SUPPORT | $35,000 |
HEARTLIGHT MINISTRIES PURPOSE: GENERAL SUPPORT | $10,000 |