Regal Foundation
- Assets
- $7.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 13-4249812
Organization Overview
Regal Foundation is located in Knoxville, TN. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Regal 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 12/2021, Regal Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Regal Foundation has awarded 51 individual grants totaling $1,203,262. 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 |
|---|---|---|---|
Todd Boruff Director | 1 | $0 | |
Andrew Turner Director | 1 | $0 | |
Ken Thewes Secretary | 1 | $0 | |
Brandon Stroud Director | 1 | $0 | |
Matt Eyres President | 1 | $0 | |
Waverly Maples CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,707,382 |
| Interest on Savings | $9,406 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $2,716,788 |
| 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 | $13,417 |
| Total operating and administrative expenses | $23,984 |
| Contributions, gifts, grants paid | $1,033,144 |
| Total expenses and disbursements | $1,057,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,214 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $2,733,040 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,306,587 |
| Total assets | $7,336,841 |
| Accounts payable and accrued expenses | $8,700 |
| Grants payable | $2,160,605 |
| 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 | $2,169,305 |
Grants Awarded
Over the last fiscal year, Regal Foundation has awarded $1,203,262 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
VARIETY THE CHILDREN'S CHARITY OF EASTERN TN PURPOSE: STARS OF HOPE ROUND UP CAMPAIGN - VARIETY PLEDGE PORTION | $400,000 |
GARY SINISE FOUNDATION PURPOSE: Q1 2020 BOARD MINUTE APPROVALS | $250,000 |
Memphis, TN PURPOSE: Q3 2021 BOARD MINUTE APPROVALS - "THANKS AND GIVING" PSA | $250,000 |
GARY SINISE FOUNDATION PURPOSE: Q3 2021 BOARD MINUTE APPROVALS - VETERAN'S DAY PROMOTION | $71,942 |
COVID RELATED DONATIONS PURPOSE: DONATIONS TO EMPLOYEES DURING FURLOUGH RELATED TO COVID | $42,539 |
FORT SANDERS FOUNDATION (PATRICIA NEAL REHAB) PURPOSE: PATRICIA NEAL GOLF CLASSIC SPONSORSHIP | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |