Michael J Tennant Charitable Fund
- Assets
- $5.3m
- Revenue
- $566.2k
- Investments
- $5.2m
- Employees
- 0
- Location
- Bend, OR
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 93-1246876
Organization Overview
Michael J Tennant Charitable Fund is located in Bend, OR. The organization was established in 1998. 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. Michael J Tennant Charitable Fund 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 12/2022, Michael J Tennant Charitable Fund generated $566.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $269.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael J Tennant Charitable Fund has awarded 148 individual grants totaling $1,181,253. 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 |
|---|---|---|---|
Michael J Tennant President | 1 | $0 | |
Ron L White Director | 1 | $0 | |
Heather Salvesen Director | 3 | $9,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $5,322 |
| Dividends & Interest | $11,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,302 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $369,191 |
| Total Revenue | $566,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $845 |
| Total operating and administrative expenses | $21,670 |
| Contributions, gifts, grants paid | $247,393 |
| Total expenses and disbursements | $269,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,126 |
| Savings and temporary cash investments | $56,767 |
| 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 | $4,130,229 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,280,338 |
| 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, Michael J Tennant Charitable Fund has awarded $247,393 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BEND CHRISTIAN FELLOWSHIP PURPOSE: UNRESTRICTED | $4,000 |
AFAF PURPOSE: UNRESTRICTED | $1,000 |
BROKEN SHACKLES PURPOSE: UNRESTRICTED | $12,000 |
CATHOLIC VOTE PURPOSE: UNRESTRICTED | $500 |
CRYSTAL PEAKS YOUTH RANCH PURPOSE: UNRESTRICTED | $12,000 |
FAMILY TALK PURPOSE: UNRESTRICTED | $27,000 |