Tim Salmon Foundation
- Assets
- $115.1k
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 04/1999
- Data as of
- 12/2023
- 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 12/2023, Tim Salmon Foundation generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.1%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tim Salmon Foundation has awarded 45 individual grants totaling $393,002. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TIM SALMON FOUNDATION SUPPORTS CHARITIES ASSISTING ABUSED AND AT-RISK CHILDREN. DURING 2022 7 SUCH CHARITY WERE GRANTED 30,500 FOR SUPPORT IN THEIR ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Salmon President | 1 | $0 | |
Marci E Salmon Vice President | 1 | $0 | |
Don Christensen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,100 |
| Interest on Savings | $5,109 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,093 |
| Total operating and administrative expenses | $3,247 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $16,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,218 |
| Savings and temporary cash investments | $104,845 |
| 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 | $115,063 |
| 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 $13,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AZ FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO ADVANCE THE MISSION OF THE ORGANIZATION | $2,500 |
ANAHEIM COMMUNITY FOUNDATION PURPOSE: TO ADVANCE THE MISSION OF THE ORGANIZATION | $1,000 |
RESTORE MINISTRIES PURPOSE: TO ADVANCE THE MISSION OF THE ORGANIZATION | $10,000 |