Tim Salmon Foundation
- Assets
- $129.0k
- Revenue
- $66.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 86-0905534
Organization Overview
Tim Salmon Foundation is located in Tempe, AZ. The organization was established in 1999. 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. Tim Salmon 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, Tim Salmon Foundation generated $66.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $19.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tim Salmon Foundation has awarded 29 individual grants totaling $304,853. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TIM SALMON FOUNDATION SUPPORTS CHARITIES ASSISTING ABUSED AND AT-RISK CHILDREN. DURING 2021 4 SUCH CHARITY WERE GRANTED 17,395 FOR SUPPORT IN THEIR ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Salmon President | 0.5 | $0 | |
Marci E Salmon Vice Preside | 0.5 | $0 | |
Don Christensen Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,152 |
| Interest on Savings | $14 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $564 |
| Printing and publications | $0 |
| Other expenses | $868 |
| Total operating and administrative expenses | $2,343 |
| Contributions, gifts, grants paid | $17,395 |
| Total expenses and disbursements | $19,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,273 |
| Savings and temporary cash investments | $80,705 |
| 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 | $128,978 |
| 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, Tim Salmon Foundation has awarded $17,395 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FCA PURPOSE: GENERAL SUPPORT | $6,750 |
Phoenix, AZ PURPOSE: TUITON SUPPORT | $5,145 |
Scottsdale, AZ PURPOSE: GENERAL SUPPORT | $5,000 |
ST TERESA COUNCIL PURPOSE: GENERAL SUPPORT | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tim Salmon Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Angels Baseball Foundation Inc Anaheim, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |