Owen Foundation
- Assets
- $7.9m
- Revenue
- $8.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 93-1944346
Organization Overview
Owen Foundation is located in Cookeville, TN. 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. Owen 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 2023, Owen Foundation has awarded 12 individual grants totaling $116,250. 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 FOUNDATION'S PRINCIPAL ACTIVITY IS DETERMINING WHAT QUALIFIED CHARITABLE ENTITIES WILL BE THE RECEPIENTS OF THE FOUNDATION'S CHARITABLE GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Mcnabb Chairman | 1 | $0 | |
Kim Lyles Treasurer | 1 | $0 | |
Jim Darter Secretary | 0.1 | $0 | |
Jonathan Mcnabb Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,900,915 |
| Interest on Savings | $140,595 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,073 |
| Capital Gain Net Income | $5,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,575 |
| Total Revenue | $8,050,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,725 |
| Total operating and administrative expenses | $24,725 |
| Contributions, gifts, grants paid | $116,250 |
| Total expenses and disbursements | $140,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,674,563 |
| 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 | $1,234,620 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,909,183 |
| 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, Owen Foundation has awarded $116,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COOKEVILLE PREGNANCY CLINIC PURPOSE: SUPPORT PREGNANCY CRISIS | $1,000 |
RAINS FOUNDATION PURPOSE: EDUCATION | $250 |
CASA PURPOSE: SUPPORT A CHILD'S RIGHT TO A SAFE AND PERMANENT HOME | $1,000 |
HEART OF THE CUMBERLAND INC PURPOSE: SUPPORT GRIEVING CHILDREN, TEENS,AND ADULTS THROUGH PEER SUPPORT | $1,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: SUPPORT CHURCH ACTIVITIES | $10,000 |
UPPER CUMBERLAND CHILD ADVOCACY PURPOSE: SUPPORT CHILDREN WHO ARE VICTIMS | $1,000 |