Twins Trees Foundation Inc
- Assets
- $604.7k
- Revenue
- $14.4k
- Investments
- $592.1k
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 91-2092293
Organization Overview
Twins Trees Foundation Inc is located in Hobe Sound, FL. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Twins Trees 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 12/2023, Twins Trees Foundation Inc generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $27.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Twins Trees Foundation Inc has awarded 414 individual grants totaling $447,860. 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 |
|---|---|---|---|
Joann F Schwalm President/di | 1 | $0 | |
J Bradford Schwalm Treas/direct | 0.5 | $0 | |
Matson F Schwalm Director | 1 | $0 | |
Dugan H Schwalm Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,217 |
| Dividends & Interest | $15,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,761 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,229 |
| Total operating and administrative expenses | $2,298 |
| Contributions, gifts, grants paid | $25,500 |
| Total expenses and disbursements | $27,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,924 |
| 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 | $478,447 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,601 |
| Total assets | $604,659 |
| 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, Twins Trees Foundation Inc has awarded $25,500 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ANN & ROBERT H LURIE PURPOSE: GENERAL SUPPORT | $250 |
ANTIQUE BOAT MUSEUM PURPOSE: GENERAL SUPPORT | $300 |
BRUNSWICK SCHOOL PURPOSE: GENERAL SUPPORT | $250 |
BANNER LAKE CLUB PURPOSE: GENERAL SUPPORT | $2,500 |
CAMP MANITO-WISH PURPOSE: GENERAL SUPPORT | $100 |
CAMP SEQUOIA PURPOSE: GENERAL SUPPORT | $500 |