Terrell Family Foundation
- Assets
- $987.6k
- Revenue
- $33.6k
- Investments
- $841.4k
- Employees
- 0
- Location
- Athens, GA
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 20-6020552
Organization Overview
Terrell Family Foundation is located in Athens, GA. The organization was established in 2003. 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. Terrell Family 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, Terrell Family Foundation generated $33.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Terrell Family Foundation has awarded 92 individual grants totaling $434,000. 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 |
|---|---|---|---|
Louise T Adams Trustee | 0 | $0 | |
John H Terrell III Trustee | 0 | $0 | |
Greta T Convington Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,617 |
| Capital Gain Net Income | $1,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,594 |
| 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 | $87 |
| Total operating and administrative expenses | $11,596 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $59,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,565 |
| Savings and temporary cash investments | $119,690 |
| 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 | $841,374 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $987,629 |
| 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 | $360 |
| Total liabilities | $360 |
Grants Awarded
Over the last fiscal year, Terrell Family Foundation has awarded $48,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN ACADEMY PURPOSE: GENERAL FUND | $1,000 |
MADISON COUNTY BOARD OF EDUCATION PURPOSE: BACK TO SCHOOL, SCHOLARSHIPS, OTHER | $15,000 |
MADISON COUNTY SENIOR CITIZENS PURPOSE: OPERATIONS | $2,000 |
OCONEE HILL CEMETERY PURPOSE: GENERAL FUND | $5,000 |
BOYS AND GIRLS CLUB OF ATHENS PURPOSE: CLUB LEARNING HUB/AFTERSCHOOL | $5,000 |
UGA FOUNDATION PURPOSE: SCHOLARSHIPS, FINANCIAL EMERGENCY | $10,000 |