Frank M Tait Foundation
- Assets
- $8.0m
- Revenue
- $2.8m
- Investments
- $8.0m
- Employees
- 0
- Location
- Oakwood, OH
- Founding
- 11/1957
- Data as of
- 12/2022
- EIN
- 31-6037499
Organization Overview
Frank M Tait Foundation is located in Oakwood, OH. The organization was established in 1957. 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. Frank M Tait 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, Frank M Tait Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $462.1k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 6 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 2016, Frank M Tait Foundation has awarded 117 individual grants totaling $2,706,600. 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 |
|---|---|---|---|
James M Woodhull II Chairman | 1 | $0 | |
Thomas Breitenbach Trustee | 1 | $0 | |
Allen M Hill Trustee | 1 | $0 | |
R Daniel Sadlier Trustee | 1 | $0 | |
Jonathan Hollingsworth Trustee | 1 | $0 | |
Cassie B Barlow Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $238,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,541,576 |
| Capital Gain Net Income | $2,541,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,779,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,625 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,252 |
| Total operating and administrative expenses | $146,587 |
| Contributions, gifts, grants paid | $315,500 |
| Total expenses and disbursements | $462,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,826 |
| Savings and temporary cash investments | $42,212 |
| 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 | $1,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,950,328 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,030,866 |
| Accounts payable and accrued expenses | $36,279 |
| 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 | $36,279 |
Grants Awarded
Over the last fiscal year, Frank M Tait Foundation has awarded $319,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGID'S PATH PURPOSE: BUILDING NEW PATHS FOR BABIES | $20,000 |
ELIZABETH'S NEW LIFE CENTER PURPOSE: STARTING OFF STRONG | $30,000 |
IMAGINATION LIBRARY PURPOSE: MONTGOMERY COUNTY PROGRAMMING | $15,000 |
KIDS IN NEW DIRECTIONS (KIND) PURPOSE: 2023/2024 FANS AFTER SCHOOL PROGRAM | $20,000 |
PRESCHOOL PROMISE PURPOSE: THRIVE AT 5 PARTNERSHIP | $85,000 |
PREVENT BLINDNESS OHIO PURPOSE: STAR PUPILS | $10,000 |