Alex G Tankenoff Foundation
- Assets
- $666.4k
- Revenue
- $124.9k
- Investments
- $643.3k
- Employees
- 0
- Location
- Hopkins, MN
- Founding
- 02/1947
- Data as of
- 12/2022
- EIN
- 41-6032235
Organization Overview
Alex G Tankenoff Foundation is located in Hopkins, MN. The organization was established in 1947. 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. Alex G Tankenoff 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, Alex G Tankenoff Foundation generated $124.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $36.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alex G Tankenoff Foundation has awarded 148 individual grants totaling $333,520. 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 |
|---|---|---|---|
Nancy Grobovsky Officer | 1 | $0 | |
Patti Engler Trustee | 1 | $0 | |
Betsy Grobovsky Biglin Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $18,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,264 |
| Capital Gain Net Income | $106,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,007 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,803 |
| Total operating and administrative expenses | $10,430 |
| Contributions, gifts, grants paid | $26,350 |
| Total expenses and disbursements | $36,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,462 |
| Savings and temporary cash investments | $16,982 |
| 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 | $1,713 |
| Total assets | $666,440 |
| 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, Alex G Tankenoff Foundation has awarded $26,350 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOC OF MNND PURPOSE: GENERAL OPERATIONS | $3,000 |
BETH EL SYNAGOGUE PURPOSE: GENERAL OPERATIONS | $2,000 |
JEWISH COMMUNITY RELATIONS COUNCIL PURPOSE: GENERAL OBLIGATIONS | $1,000 |
TEMPLE OF AARON PURPOSE: GENERAL OPERATIONS | $200 |
MINNEAPOLIS JEWISH FEDERATION PURPOSE: GENERAL OPERATIONS | $7,000 |
JEWISH FAMILY & CHILDREN'S SRV MPLS PURPOSE: GENERAL OPERATIONS | $2,400 |