The Teagle Foundation Incorporated
- Assets
- $172.4m
- Revenue
- $12.7m
- Investments
- $159.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2004
- Data as of
- 06/2021
- EIN
- 20-1370387
Organization Overview
The Teagle Foundation Incorporated is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teagle Foundation Incorporated 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 06/2021, Teagle Foundation Incorporated generated $12.7m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $9.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Teagle Foundation Incorporated has awarded 203 individual grants totaling $8,319,864. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
MEETINGS AND WEBINARS
EXXON SCHOLARSHIP MGT. EXP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Delbanco President | 40 | $335,250 | |
Ann-Marie Buckley Cfo/treasurer/secretary | 40 | $220,375 | |
Loni Bordoloi Pazich Program Director | 40 | $153,750 | |
Tamara Tweel Program Director | 40 | $152,573 | |
Gwen Robbins Program Associate | 40 | $82,513 | |
Elizabeth Boylan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiff | 6/29/21 | $167,356 |
Cedar Rock Capital Partners Llc | 6/29/21 | $62,743 |
Stone Coast Fund Services | 6/29/21 | $76,151 |
Edgehill Endowment Partners | 6/29/21 | $728,515 |
Lone Cascade Lp | 6/29/21 | $62,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,705,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,820,575 |
| Capital Gain Net Income | $9,805,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,655,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $555,625 |
| Other employee salaries and wages | $439,336 |
| Pension plans, employee benefits | $324,486 |
| Interest | $0 |
| Taxes | $155,900 |
| Depreciation | $31,341 |
| Occupancy | $311,387 |
| Travel, conferences, and meetings | $24,378 |
| Printing and publications | $2,507 |
| Other expenses | $266,529 |
| Total operating and administrative expenses | $4,311,616 |
| Contributions, gifts, grants paid | $5,091,890 |
| Total expenses and disbursements | $9,403,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,543,186 |
| Net Accounts receivable | $506,073 |
| 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 | $117,202 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $125,101,600 |
| Net Land, buildings, and equipment | $156,710 |
| Other assets | $0 |
| Total assets | $172,379,349 |
| Accounts payable and accrued expenses | $55,012 |
| Grants payable | $3,518,737 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $698,246 |
| Total liabilities | $4,271,995 |
Grants Awarded
Over the last fiscal year, The Teagle Foundation Incorporated has awarded $8,319,864 in support to 203 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL SCHOLARSHIP & TUITION PURPOSE: SCHOLARSHIP PROGRAM | $572,250 |
Carlisle, PA PURPOSE: KNOWLEDGE FOR FREEDOM INITIATIVE. | $242,000 |
Stony Brook, NY PURPOSE: KNOWLEDGE FOR FREEDOM INITIATIVE. | $216,300 |
Oxford, OH PURPOSE: KNOWLEDGE FOR FREEDOM INITIATIVE. | $212,000 |
Boston, MA PURPOSE: KNOWLEDGE FOR FREEDOM INITIATIVE. | $200,000 |
Washington, DC PURPOSE: EDUCATION FOR AMERICAN CIVIC LIFE INITIATIVE. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |