The Telect Agape Foundation
- Assets
- $2.6m
- Revenue
- -$76.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Liberty Lake, WA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 91-1622534
Organization Overview
The Telect Agape Foundation is located in Liberty Lake, WA. The organization was established in 1994. 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. Telect Agape Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Telect Agape Foundation has awarded 21 individual grants totaling $581,000. 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 |
|---|---|---|---|
Wayne E Williams President | 0.5 | $0 | |
Terina J Williams Secretary | 0.5 | $0 | |
Donna L Brandt Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $686 |
| Interest on Savings | $1 |
| Dividends & Interest | $50,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$127,404 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$76,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,494 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $207,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,578 |
| 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 | $2,503,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,568,661 |
| 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, The Telect Agape Foundation has awarded $170,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES SCHWAB DONOR ADVISED FUND PURPOSE: DONOR ADVISED FUNDS | $70,000 |
WAYNE AND TERINA WILLIAMS GIVING FUND AT NCF PURPOSE: DONOR ADVISED FUNDS | $70,000 |
JUBILATION DONOR ADVISED FUND AT NCF PURPOSE: DONOR ADVISED FUNDS | $30,000 |