Tenacre Foundation
- Assets
- $470.0m
- Revenue
- $169.3m
- Investments
- $373.5m
- Employees
- 183
- Location
- Princeton, NJ
- Founding
- 12/1937
- Data as of
- 04/2022
- EIN
- 21-0577480
Organization Overview
Tenacre Foundation is located in Princeton, NJ. The organization was established in 1937. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 04/2022, Tenacre Foundation employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenacre 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 04/2022, Tenacre Foundation generated $169.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $153.9m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tenacre Foundation has awarded 504 individual grants totaling $385,711,615. 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
2022
Describe the Organization's Program Activity:
CHRISTIAN SCIENCE NURSING SERVICES - TENACRE FOUNDATION MAKES AVAILABLE THE RELIGIOUS MINISTRY OF CHRISTIAN SCIENCE NURSING FOR THOSE INDIVIDUALS CHOOSING TO RELY RADICALLY ON GOD FOR HEALING, AS TAUGHT IN CHRISTIAN SCIENCE, AND BY PROVIDING BENEVOLENCE TO DO SO WITHOUT REGARD TO THE ABILITY OF THOSE IN NEED TO PAY FOR THE PROVISION OF SUCH SERVICES.
SCHOOL OF CHRISTIAN SCIENCE NURSING - TENACRE ALSO OPERATES A SCHOOL IN ACCORDANCE WITH THE PRECEPTS OF CHRISTIAN SCIENCE TO HELP PREPARE MEMBERS OF THE MOTHER CHURCH TO REPRESENT THEMSELVES AS CHRISTIAN SCIENCE NURSES WHO MAY SERVE INDIVIDUALLY, OR WHO MAY STAFF THE FACILITIES OF THE CORPORATION AND OTHER CHRISTIAN SCIENCE ORGANIZATIONS AND FACILITIES.
CHRISTIAN SCIENTISTS IN RESIDENCE PROGRAM - TENACRE MAINTAINS AND OPERATES RESIDENTIAL APARTMENTS FOR CHRISTIAN SCIENTISTS-IN-RESIDENCE IN A COMMUNITY SETTING WITH A SPIRITUAL FOCUS FOR THOSE WHO AGREE TO AND HAVE THE QUALIFICATIONS TO PARTICIPATE IN THE SPIRITUAL AND RELIGIOUS MISSION OF THE CORPORATION AND/OR TO PRACTICE THE RELIGION OF THE FIRST CHURCH OF CHRIST, SCIENTIST, IN BOSTON, MASSACHUSETTS.
CHRISTIAN SCIENCE NURSING HOMECARE - TENACRE FOUNDATION MAKES AVAILABLE THE RELIGIOUS MINISTRY OF CHRISTIAN SCIENCE NURSING FOR THOSE INDIVIDUALS CHOOSING TO RELY RADICALLY ON GOD FOR HEALING, AS TAUGHT IN CHRISTIAN SCIENCE, WITHIN THE INDIVIDUAL'S HOME. BENEVOLENCE IS PROVIDED WITHOUT REGARD TO THE ABILITY OF THOSE IN NEED TO PAY FOR THE PROVISION OF SUCH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Fisher Trustee/president/ceo | 55 | $253,379 | |
Caroleen M Scholet Vp-Christian Sci Nursing & COO | 55 | $189,905 | |
William H Bell Vp-Philanthropy & Cpo | 55 | $189,903 | |
Catheryn E Murdoch Trustee/treasurer/cfo | 55 | $179,000 | |
Marina N Bonsi Secretary/snr Director | 50 | $160,840 | |
Donna Gibbs Director, Philanthro | 50 | $160,155 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Challenger Wealth Management | 4/29/22 | $260,576 |
American Trust Investment Advisors | 4/29/22 | $865,270 |
Carnegie Investment Counsel | 4/29/22 | $345,879 |
Ford 3 Architects Llc | 4/29/22 | $726,383 |
Towle & Co | 4/29/22 | $729,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,583,611 |
| Interest on Savings | $300,672 |
| Dividends & Interest | $6,827,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,702,609 |
| Capital Gain Net Income | $46,677,623 |
| Net ST Capital Gain | $520,477 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,894,300 |
| Total Revenue | $169,308,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,174,115 |
| Other employee salaries and wages | $11,519,041 |
| Pension plans, employee benefits | $8,187,671 |
| Interest | $0 |
| Taxes | $74,444 |
| Depreciation | $4,348,450 |
| Occupancy | $635,493 |
| Travel, conferences, and meetings | $68,902 |
| Printing and publications | $49,933 |
| Other expenses | $5,176,438 |
| Total operating and administrative expenses | $34,810,557 |
| Contributions, gifts, grants paid | $119,122,683 |
| Total expenses and disbursements | $153,933,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,823 |
| Savings and temporary cash investments | $26,883,987 |
| Net Accounts receivable | $493,155 |
| 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 | $4,466,279 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $63,428,678 |
| Other assets | $100,790 |
| Total assets | $470,013,101 |
| Accounts payable and accrued expenses | $1,195,238 |
| Grants payable | $107,265,048 |
| 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 | $108,460,286 |
Grants Awarded
Over the last fiscal year, Tenacre Foundation has awarded $187,813,302 in support to 294 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $17,500,000 |
NATIONAL FUND FOR CHRISTIAN SCIENCE NURSING PURPOSE: GENERAL SUPPORT | $13,337,896 |
CEDARS CAMPS PURPOSE: CHRISTIAN SCIENCE CAMPS | $10,415,767 |
LONGYEAR MUSEUM PURPOSE: GENERAL SUPPORT | $10,000,980 |
SBP PURPOSE: DISASTER RELIEF | $8,970,125 |
NATIONAL FUND FOR CHRISTIAN SCIENCE NURSING PURPOSE: GENERAL SUPPORT | $7,814,435 |
Endowment Analysis
| Beg. Balance | $287,507 |
| Earnings | -$219 |
| Ending Balance | $287,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenacre Foundation Princeton, NJ | $470,013,101 | $169,308,668 |
American Bible Society Philadelphia, PA | $746,607,360 | $112,608,182 |
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |