Tripp & Blair Rackley Family Foundation Inc
- Assets
- $11.5m
- Revenue
- $1.0m
- Investments
- $9.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-1586843
Organization Overview
Tripp & Blair Rackley Family Foundation Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tripp & Blair Rackley Family 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 12/2021, Tripp & Blair Rackley Family Foundation Inc generated $1.0m 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 (12.7%) each year. All expenses for the organization totaled $858.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tripp & Blair Rackley Family Foundation Inc has awarded 92 individual grants totaling $4,414,959. 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
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Rackley III President | 0 | $0 | |
Blair Rackley Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $784,344 |
| Interest on Savings | $22 |
| Dividends & Interest | $226,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,862 |
| Capital Gain Net Income | $25,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,035,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $131,587 |
| Contributions, gifts, grants paid | $726,658 |
| Total expenses and disbursements | $858,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,759,742 |
| 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 | $5,060,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,466,795 |
| 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, Tripp & Blair Rackley Family Foundation Inc has awarded $900,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE PURPOSE: CHARITABLE | $656,945 |
GEORGIA TECH-CENTER RENOVATION PURPOSE: CHARITABLE-EDGE CENTER RENOVATION | $100,000 |
GEORGIA TECH COMPETITIVE DRIVE INITIATIVE PURPOSE: CHARITABLE | $75,000 |
ALEXANDER THARPE FUND PURPOSE: CHARITABLE-GOLF PRACTICE FACILITY AND GOLF FUND | $51,000 |
DANE O'NEIL CHARITABLE FUND (SCHWAB CHARITABLE) PURPOSE: CHARITABLE | $5,000 |
PATH FOUNDATION PURPOSE: CHARITABLE | $5,000 |