Regal Foundation
- Assets
- $8.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 03/2005
- Data as of
- 12/2022
- 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 12/2022, Regal Foundation generated $4.2m 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 (6.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.2%) 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 280 individual grants totaling $3,216,740. 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 |
|---|---|---|---|
Matt Eyres President | 1 | $0 | |
Waverly Maples CFO | 1 | $0 | |
John Curry Secretary | 1 | $0 | |
Todd Boruff Director | 1 | $0 | |
Jackie Mcclure Director | 1 | $0 | |
Brandon Stroud Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,147,909 |
| Interest on Savings | $30,081 |
| 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 | $4,177,990 |
| 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 | $14,427 |
| Total operating and administrative expenses | $35,716 |
| Contributions, gifts, grants paid | $1,959,833 |
| Total expenses and disbursements | $1,995,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,809,978 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,296,447 |
| 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 | $3,320,365 |
| Total assets | $8,426,790 |
| Accounts payable and accrued expenses | $8,700 |
| Grants payable | $1,068,113 |
| 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 | $1,076,813 |
Grants Awarded
Over the last fiscal year, Regal Foundation has awarded $2,013,478 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
A WOMANS PLACE PURPOSE: SUMMER ROUND UP | $414 |
ARTHRITIS FOUNDATION INC PURPOSE: Q3 2022 BOARD MINUTE APPROVALS - 2022 JINGLE BELL RUN | $2,500 |
ASSISTANCE DOGS OF HAWAII PURPOSE: SUMMER ROUND UP | $104 |
AINSLEY'S ANGELS OF AMERICA PURPOSE: COMMUNITY SHOWMANSHIP AWARD | $4,000 |
AUTISM SPEAKS INC PURPOSE: Q1 2022 BOARD MINUTE APPROVALS - AUTISM RESPONSE TEAM | $24,500 |
BARKS OF LOVE ANIMAL RESCUE AND PLACEMENT SER PURPOSE: HOLIDAY ROUND UP | $901 |