Tae Foundation
- Assets
- $861.0k
- Revenue
- $40.2k
- Investments
- $846.9k
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 94-3272444
Organization Overview
Tae Foundation is located in San Carlos, CA. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tae 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 12/2022, Tae Foundation generated $40.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $53.0k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAE FOUNDATION WAS SET UP TO HELP OFFSET THE FINANCIAL GAP BETWEEN THE NEEDS OF THE PUBLIC EDUCATION SYSTEM AND ITS BUDGET SHORTFALLS. DONATIONS ARE MADE TO LOCAL SCHOOLS AND EDUCATION FOUNDATIONS TO HELP OFFSET THE COSTS OF MATERIALS AND TO PROVIDE DISCRETIONARY FUNDS TO ENRICH THE STUDENTS' EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Peuse President | 1 | $0 | |
Bruce Peuse CFO | 1 | $0 | |
Jamin Creed Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,362 |
| Capital Gain Net Income | $26,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,988 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $52,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,123 |
| 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 | $846,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $860,996 |
| 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 |