Timothy 6 17 Foundation
- Assets
- $959.0k
- Revenue
- $102.2k
- Investments
- $930.2k
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 22-3622751
Organization Overview
Timothy 6 17 Foundation is located in Brentwood, TN. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Timothy 6 17 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 12/2021, Timothy 6 17 Foundation generated $102.2k in total revenue. All expenses for the organization totaled $140.5k during the year ending 12/2021. While expenses have increased by 25.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Timothy 6 17 Foundation has awarded 40 individual grants totaling $124,460. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE INCEPTION, THE FOUNDATION HAS DIRECTLY FINANCIALLY SUPPORTED OTHER PUBLIC AND CIVIC 501 (C)(3) CHARITIES
THE FOUNDATION DIRECTLY SUPPORTS "FROM THE HEART INTL' EDUCATION FOUNDATION".OUR SUPPORT HAS PROVIDED PROGRAM DIRECTORS, TUTORS, ADMINISTRATORS, CAMP MANAGERS FOR MUSIC AND SPORTS PROGRAMS.
THE FOUNDATION PURCHASED FOOD AND SUPPLIES FOR THE VICTIMS OF THE KENTUCKY TORNADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mcmullen Vice-Pres | 5 | $0 | |
Allison Dolan Treasurer | 5 | $0 | |
Thomas E Dolan Jr President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,495 |
| Interest on Savings | $14 |
| Dividends & Interest | $48,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,621 |
| Capital Gain Net Income | $4,621 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,064 |
| Total Revenue | $102,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,505 |
| Total operating and administrative expenses | $64,890 |
| Contributions, gifts, grants paid | $75,600 |
| Total expenses and disbursements | $140,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,742 |
| 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 | $958,956 |
| 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, Timothy 6 17 Foundation has awarded $75,600 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LT DENNIS ZILINSKI MEMORIAL FUND PURPOSE: GENERAL SUPPORT | $21,000 |
TULANE UNIVERSITY PURPOSE: GENERAL SUPPORT | $15,800 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $12,900 |
FAMILY RESOURCES ASSOCIATES PURPOSE: GENERAL SUPPORT | $5,500 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: GENERAL SUPPORT | $5,000 |
SECOND HARVEST OF MIDDLE TN PURPOSE: CHARITY | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Timothy 6 17 Foundation has recieved totaling $66,212.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $66,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Johnny Morris Foundation Springfield, MO | $120,561,207 | $600,000 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Collective Impact Network Saint Louis, MO | $21,375,860 | $4,592,347 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Drumm Center For Children Inc Independence, MO | $21,203,192 | $3,719,217 |
Dn Leadership Inc Louisville, KY | $2,441,151 | $7,192,611 |
Institute For The Advancement Of Minority Health Madison, MS | $471,724 | $1,858,283 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |