Tessier Family Foundation Inc
- Assets
- $0.0
- Revenue
- $566.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pierre, SD
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-3160090
Organization Overview
Tessier Family Foundation Inc is located in Pierre, SD. The organization was established in 2006. 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. Tessier Family Foundation Inc 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, Tessier Family Foundation Inc generated $566.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tessier Family Foundation Inc has awarded 148 individual grants totaling $2,242,382. 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 |
|---|---|---|---|
Bank West Trust DE Trustee | 1 | $18,663 | |
Susan Mollison Dir/secretar | 0 | $0 | |
Anne Huber Director | 0 | $0 | |
Christine Buche Director | 0 | $0 | |
Ryan Huber V Pres/treas | 0 | $0 | |
Cathy Tessier Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $541,953 |
| Capital Gain Net Income | $541,953 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $566,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,663 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,887 |
| Contributions, gifts, grants paid | $1,789,882 |
| Total expenses and disbursements | $1,818,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tessier Family Foundation Inc has awarded $1,789,882 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Pierre, SD PURPOSE: LIQUIDATING DISTRIBUTION | $1,742,382 |
Mitchell, SD PURPOSE: CAPITAL CAMPAIGN BUILDING | $10,000 |
Mitchell, SD PURPOSE: SUPPORT OF EDGENUITY SOFTWARE | $10,000 |
SAM HELLELOID PURPOSE: SCHOLARSHIP | $2,500 |
HANNAH MORGAN PURPOSE: SCHOLARSHIP | $2,500 |
BAILEY RODEN PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Hirschfeld Family Foundation Inc Kearney, NE | $102,299,062 | $1,701,092 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Aegon Transamerica Foundation Cedar Rapids, IA | $190,245,485 | $26,330,387 |
Acklie Charitable Foundation Lincoln, NE | $0 | $4,995,097 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |