Ray & Nora Tatum Charitablefoundation
- Assets
- $1.2m
- Revenue
- $79.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Sorrento, FL
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-3959209
Organization Overview
Ray & Nora Tatum Charitablefoundation is located in Sorrento, FL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ray & Nora Tatum Charitablefoundation 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, Ray & Nora Tatum Charitablefoundation generated $79.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $92.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ray & Nora Tatum Charitablefoundation has awarded 61 individual grants totaling $751,500. 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 |
|---|---|---|---|
Ray M Tatum Director | 1 | $0 | |
Nora H Tatum Director | 2 | $0 | |
Sid Cash Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,835 |
| Interest on Savings | $155 |
| Dividends & Interest | $29,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,578 |
| Capital Gain Net Income | $47,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,090 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $92,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,574 |
| 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 | $1,231,018 |
| 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, Ray & Nora Tatum Charitablefoundation has awarded $65,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CAT PROTECTION SOCIETY INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $15,000 |
FELINE URGENT RESCUE OF WESTERN NORTH CAROLINA INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $7,500 |
FIRST BAPTIST CHURCH OF MT DORA PURPOSE: RELIEF, MISSION MOUNT DORA, BENEVOLENCE, LOTTIE MOON, LOVE OFFERING | $22,500 |
FLORIDA BAPTIST CHILDREN'S HOMES PURPOSE: DESIGNATED FOR THE SINGLE MOM'S PROGRAM | $10,000 |
HORSE PROTECTION ASSOCIATION OF FLORIDA PURPOSE: TO PROVIDE GENERAL SUPPORT IN CARE OF HORSES | $7,500 |
ARABIAN RESCUE MISSION PURPOSE: TO HELP SAVE NEGLECTED HORSES | $2,500 |