Tamworth Foundation
- Assets
- $7.4m
- Revenue
- $923.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tamworth, NH
- Founding
- 03/2005
- Data as of
- 04/2022
- EIN
- 02-6004752
Organization Overview
Tamworth Foundation is located in Tamworth, NH. The organization was established in 2005. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Tamworth 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 04/2022, Tamworth Foundation generated $923.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $398.9k during the year ending 04/2022. While expenses have increased by 8.4% 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.
Since 2015, Tamworth Foundation has awarded 115 individual grants totaling $1,748,472. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND CONTRIBUTE MONIES TO THE TOWN OF TAMWORTH AND LOCAL CHARITIES AND ORGANIZATIONS FOR PUBLIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND IMPROVE THE PHYSICAL PROPERTIES AND THE SPIRITUAL, INTELLECTUAL, SOCIAL, AND PHYSICAL WELL-BEING OF THE INHABITANTS OF TAMWORTH THROUGH THE DISTRIBUTION OF MONIES TO THE TOWN OF TAMWORTH AND LOCAL CHARITIES AND ORGANIZATIONS IN ORDER TO FOSTER AND MAINTAIN THE QUALITY OF LIFE IN THE COMMUNITY AS WELL AS THE ACQUISITION, MANAGEMENT, AND DISPOSITION OF PROPERTIES TO THAT END.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail G Marrone President | OfficerTrustee | 2 | $0 |
Paul W Chant Vice-President | OfficerTrustee | 2 | $0 |
Keats Myer Treasurer | OfficerTrustee | 2 | $0 |
George M Cleveland Secretary | OfficerTrustee | 2 | $0 |
David M Little Director | Trustee | 2 | $0 |
Nina S Perry Corresponding Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,200 |
| Noncash contributions included in lines 1a–1f | $509,066 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,200 |
| Total Program Service Revenue | $0 |
| Investment income | $138,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $327,084 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,569 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $398,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,168 |
| Savings and temporary cash investments | $454,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,853,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,368,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,725,663 |
| Net assets with donor restrictions | $4,643,100 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,368,763 |
Grants Awarded
Over the last fiscal year, Tamworth Foundation has awarded $289,558 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TAMWORTH COMMUNITY NURSE ASSOC PURPOSE: SUPPORT OF LOCAL HOME HEALTH CARE ORGANIZATION | $84,038 |
South Tamworth, NH PURPOSE: SUPPORT TOWARDS LOCAL SCHOOL SUMMER CAMP | $43,553 |
Chocorua, NH PURPOSE: FUNDING TOWARDS TOWN LIBRARY AND EDUCATION KITS. | $34,908 |
South Tamworth, NH PURPOSE: SUPPORT TOWARDS LOCAL SCHOOL SUMMER CAMP | $30,000 |
TAMWORTH HISTORY CENTER PURPOSE: FUNDING FOR HISTORICAL MUSEUM RENOVATIONS AND EXPENSES | $28,145 |
S Tamworth, NH PURPOSE: FUNDING TOWARDS LOCAL TOWN HALL RENOVATION AND ADA COMPLIANCE IMPROVEMENTS | $27,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tamworth Foundation has recieved totaling $93.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Endowment Analysis
| Beg. Balance | $3,931,253 |
| Earnings | -$188,292 |
| Admin Expense | $27,742 |
| Net Contributions | $1,041,624 |
| Other Expense | $19,700 |
| Grants | $94,043 |
| Ending Balance | $4,643,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Trustees Under The Will Of Herman Dana Newton, MA | $0 | $3,151,156 |
Davis Family Foundation Yarmouth, ME | $94,934,752 | $3,904,982 |
Herman And Frieda L Miller Foundation Boston, MA | $0 | $1,453,299 |
Carl Benton Straub Charitable Trust Brunswick, ME | $0 | $2,800,114 |
Elizabeth Deblois Charitable Trust Dtd 113068 Boston, MA | $42,663,522 | $5,064,165 |
Jobson Family Foundation Wellesley, MA | $38,480,789 | $7,536,069 |
Scott A Nathan Charitable Tr Boston, MA | $6,622,498 | $4,024 |
The Marion Institute Inc Marion, MA | $1,815,280 | $2,011,287 |
Evans Fam Foundation Boston, MA | $4,637,148 | $3,192,838 |
G Gorham Peters Trust Uw Boston, MA | $11,494,096 | $1,330,629 |