Tallent Foundation
- Assets
- $25.3m
- Revenue
- $24.6m
- Investments
- $22.1m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-4108602
Organization Overview
Tallent Foundation is located in North Palm Beach, FL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Tallent 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 12/2021, Tallent Foundation generated $24.6m in total revenue.
Since 2021, Tallent Foundation has awarded 11 individual grants totaling $360,600. 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 |
|---|---|---|---|
Patrick L Tallent Trustee | 1 | $0 | |
Cindy L Tallent Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,890,239 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $582,430 |
| Capital Gain Net Income | $2,771,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,647,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,880 |
| Total operating and administrative expenses | $64,182 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $109,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,128,531 |
| 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 | $12,587,946 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,276,086 |
| 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, Tallent Foundation has awarded $315,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN SPORTS HALL OF FAME FOUNDATION PURPOSE: TO SUPPORT THE ESTABLISHMENT AND OPERATION OF A SPORTS HALL OF FAME | $50,600 |
FRIENDS OF THE ROSE GARDEN INC PURPOSE: TO SUPPORT THE ROSE GARDEN HOME MISSION | $100,000 |
FRIENDS OF JENNY WILEY PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $25,000 |
FOUNDATION FOR APPALACHIAN KY PURPOSE: TO FUND THE IRMA STEWART TALLENT FUND | $75,000 |
J WOOD PLATT CADDIE SCHOLARSHIP PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $50,000 |
FOUNDATION FOR APPALACHIAN KY PURPOSE: TO FUND THE MOUNTAIN ARTS CENTER FUND | $10,000 |