Seme Foundation Inc
- Assets
- $0.0
- Revenue
- $169.7k
- Investments
- $3.4m
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 38-3656678
Organization Overview
Seme Foundation Inc is located in Cookeville, TN. The organization was established in 2002. 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. Seme 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, Seme Foundation Inc generated $169.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.1%) each year. All expenses for the organization totaled $570.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seme Foundation Inc has awarded 49 individual grants totaling $1,474,448. 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
THE FOUNDATION'S PRINCIPAL ACTIVITY IS DETERMINING WHAT CHARITABLE ENTITES WILL BE THE RECEIPIENTS OF THE FOUNDATION'S GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Jones President/director | 0 | $0 | |
Clarence Lee Jones III Officer/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,101 |
| Dividends & Interest | $44,061 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $422,484 |
| Contributions, gifts, grants paid | $147,500 |
| Total expenses and disbursements | $569,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,395 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,367,953 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Seme Foundation Inc has awarded $581,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COOKEVILLE CRISIS PREGNANCY CLINIC PURPOSE: ASSIST WOMEN | $15,000 |
MUSTARD SEED RANCH PURPOSE: ASSIST CHILDREN | $30,000 |
FELLOWSHIP BIBLE PURPOSE: COMMUNITY SUPPORT | $500 |
TANZANIA WESLEY EDUCATION FOUNDATION PURPOSE: EDUCATION | $10,000 |
BOY SCOUTS OF AMERICA PURPOSE: COMMUNITY SUPPORT | $1,000 |
ASHRAF ISLAM ENGINEERING BUILDING PURPOSE: EDUCATION | $500,000 |