Tma Properties Foundation Inc
- Assets
- $22.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oviedo, FL
- Founding
- 10/2007
- Data as of
- 06/2022
- EIN
- 20-4717769
Organization Overview
Tma Properties Foundation Inc is located in Oviedo, FL. The organization was established in 2007. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tma Properties 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 06/2022, Tma Properties Foundation Inc generated $1.6m 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 (18.2%) each year. All expenses for the organization totaled $828.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OWN AND OPERATE REAL PROPERTY THAT IS USED BY THE MASTER'S ACADEMY OF CENTRAL FLORIDA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS REAL PROPERTY THAT IS USED BY THE MASTER'S ACADEMY OF CENTRAL FLORIDA FOR USE IN ITS RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph M Urian Vice Chairman/dir. (ended 06/22) | OfficerTrustee | 0.5 | $0 |
Dr Bradley Jahnke Secretary/director | OfficerTrustee | 0.5 | $0 |
Dr Timothy Pursley Chairman/treasurer/director | OfficerTrustee | 1 | $0 |
Dr Dana Dionne President | Officer | 0.5 | $0 |
Dr William Harris Former President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Astroturf Corporation Football Field Turf Install | 6/29/22 | $385,344 |
Mccree General Contractors Construction/gen. Contractor | 6/29/22 | $276,675 |
Brock International Llc Football Field Pad Install | 6/29/22 | $107,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,505,544 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,505,544 |
| Total Program Service Revenue | $0 |
| Investment income | $28,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,814 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,575,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,231 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $799,349 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $828,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $412,593 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,137,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,610,355 |
| Accounts payable and accrued expenses | $66,485 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,485 |
| Net assets without donor restrictions | $22,543,870 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,610,355 |
Grants Awarded
Over the last fiscal year, Tma Properties Foundation Inc has awarded $794,944 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Oviedo, FL PURPOSE: Investment of Non-Operating Funds | $776,041 |
Oviedo, FL PURPOSE: General Support | $18,903 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tma Properties Foundation Inc has recieved totaling $1,505,544.
| Awarding Organization | Amount |
|---|---|
The Masters Academy Of Central Florida Inc Oviedo, FL PURPOSE: Capital expenditures | $1,055,544 |
Tma Heritage Foundation Inc Oviedo, FL PURPOSE: General support for capital expenditures | $450,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Copperhead Charities Inc Palm Harbor, FL | $5,855,870 | $16,276,032 |
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |