Tfi Foundation Inc
- Assets
- $6.4m
- Revenue
- $1.6m
- Investments
- $496.8k
- Employees
- 0
- Location
- Monona, WI
- Founding
- 05/1980
- Data as of
- 12/2023
- EIN
- 39-1225145
Organization Overview
Tfi Foundation Inc is located in Monona, WI. The organization was established in 1980. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tfi 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 12/2023, Tfi Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $941.0k during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 9 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE MISSION OF THE TELLURIAN FAMILY OF SERVICES IS TO PROVIDE A SAFE AND NURTURING ENVIRONMENT TO ALL THOSE AFFLICTED WITH SUBSTANCE ABUSE, ADDICTION, MENTAL ILLNESS, AND HOMELESSNESS, A BROAD RANGE OF INNOVATIVE PROGRAMS, TREATMENT AND SERVICES DESIGNED TO ALLOW EACH INDIVIDUAL THE OPPORTUNITY TO REBUILD THEIR LIFE AND RE-ENTER THE COMMUNITY AS A PRODUCTIVE MEMBER OF SOCIETY. TFI FOUNDATION, INC. PROVIDES LEASING SERVICES TO TELLURIAN, INC., A RELATED NONPROFIT ORGANIZATION. LEASED PREMISES INCLUDE SPACE FOR PROGRAM SERVICES SUCH AS ADULT RESIDENTIAL SERVICES, TRANSITIONAL HOUSING, CRISIS STABILIZATION, AND OUTPATIENT SERVICES, AS WELL AS SPACE FOR ADMINISTRATIVE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Florek Chair | 4 | $0 | |
Geoffrey Mccloskey Secretary/treasurer | 1 | $0 | |
Kevin Florek Chief Executive Officer | 30 | $97,351 | |
Stephen Lawrence Chief Financial Officer | 10 | $88,163 | |
Joseph Theisen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $4,442 |
| Dividends & Interest | $13,074 |
| Net Rental Income | $689,271 |
| Net Gain on Sale of Assets | $1,172 |
| Capital Gain Net Income | $1,172 |
| Net ST Capital Gain | $373 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,631,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,802 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $86,602 |
| Taxes | $33,905 |
| Depreciation | $199,205 |
| Occupancy | $131,814 |
| Travel, conferences, and meetings | $23,943 |
| Printing and publications | $0 |
| Other expenses | $142,416 |
| Total operating and administrative expenses | $887,661 |
| Contributions, gifts, grants paid | $53,300 |
| Total expenses and disbursements | $940,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,274 |
| Savings and temporary cash investments | $566,942 |
| Net Accounts receivable | $38,122 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $131,129 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,164 |
| Net Investments - land, buildings, equipment | $2,436,947 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,430,488 |
| Other assets | $83,891 |
| Total assets | $6,377,758 |
| Accounts payable and accrued expenses | $24,774 |
| Grants payable | $0 |
| Deferred revenue | $13,804 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,812,021 |
| Other liabilities | $14,222 |
| Total liabilities | $1,864,821 |
Grants Awarded
Over the last fiscal year, Tfi Foundation Inc has awarded $53,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIALTY CARE FREE CLINIC PURPOSE: GENERAL SUPPORT | $2,000 |
TELLURIAN INC PURPOSE: GENERAL SUPPORT | $50,000 |
SUNSHINE PLACE PURPOSE: GENERAL SUPPORT | $1,000 |
THE CHARLES E KUBLY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $300 |