Tennant Foundation
- Assets
- $510.8k
- Revenue
- $71.4k
- Investments
- $487.7k
- Employees
- 0
- Location
- West Covina, CA
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 95-4353510
Organization Overview
Tennant Foundation is located in West Covina, CA. The organization was established in 1992. 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. Tennant 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, Tennant Foundation generated $71.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $111.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tennant Foundation has awarded 127 individual grants totaling $317,406. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS TO NON PROFIT ORGANIZATIONS FOR EDUCATION, HEALTH OR COMMUNITY SERVICE. SEE THE LISTING OF INDIVIDUAL CONTRIBUTIONS FOR DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forest S Tennant Jr President | 5 | $0 | |
Miriam Tennant Vice President | 5 | $0 | |
Kathy Clark Secretary | 3 | $0 | |
Jerry Muszynski Chairman | 1 | $0 | |
Sander Dewildt Director | 1 | $0 | |
Steve Castillo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,745 |
| Interest on Savings | $16,716 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $23,064 |
| Other Income | -$11,139 |
| Total Revenue | $71,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $848 |
| Taxes | $103 |
| Depreciation | $424 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $715 |
| Printing and publications | $0 |
| Other expenses | $57,296 |
| Total operating and administrative expenses | $64,230 |
| Contributions, gifts, grants paid | $47,080 |
| Total expenses and disbursements | $111,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,002 |
| Savings and temporary cash investments | $0 |
| 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 | $220,967 |
| Investments—other | $266,752 |
| Net Land, buildings, and equipment | $21,085 |
| Other assets | $0 |
| Total assets | $510,806 |
| 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 | $31,571 |
| Other liabilities | $0 |
| Total liabilities | $31,571 |
Grants Awarded
Over the last fiscal year, Tennant Foundation has awarded $47,080 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CALIF GIRLS WRESTLING CLUB PURPOSE: ACHIEVMENT AWARDS | $2,500 |
COVINA CENTER FOR PERFORMING ARTS PURPOSE: OPERATING FUNDS | $7,000 |
FOREVER KIDS KID OF CHARACTER PURPOSE: OPERATING FUNDS | $5,000 |
HISTORICAL SOCIETY OF WEST COVINA PURPOSE: OPERATING FUNDSCOMMUNITY IMPROVEMENT | $5,080 |
VICTORY OUTREACH INTERNATIONAL PURPOSE: OPERATING FUNDS | $3,000 |
WEST COVINA ROTARY PURPOSE: ACHIEVEMENT AWARDS | $2,500 |