T I H Foundation
- Assets
- $162.5k
- Revenue
- $85.6k
- Investments
- $139.0k
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 02/1962
- Data as of
- 12/2023
- EIN
- 41-6038711
Organization Overview
T I H Foundation is located in Eden Prairie, MN. The organization was established in 1962. 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. T I H 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 12/2023, T I H Foundation generated $85.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $75.7k during the year ending 12/2023. While expenses have increased by 1.2% 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.
Since 2015, T I H Foundation has awarded 51 individual grants totaling $616,964. 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 |
|---|---|---|---|
Ronald Finelli President | 1 | $0 | |
Marjorie Barnett Director | 0.25 | $0 | |
Sheryl Finelli Sec/treasurer | 0.25 | $0 | |
Kevin Schmitz Vice President | 0.25 | $0 | |
Renee Schmitz Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,173 |
| Interest on Savings | $20 |
| Dividends & Interest | $7,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,217 |
| Capital Gain Net Income | $61,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $2,502 |
| Contributions, gifts, grants paid | $73,164 |
| Total expenses and disbursements | $75,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,500 |
| 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 | $0 |
| Total assets | $162,527 |
| 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, T I H Foundation has awarded $73,164 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD HOPE INTERNATIONAL PURPOSE: GENERAL | $6,000 |
CITY JOY PURPOSE: GENERAL | $2,400 |
COMMISSION TO EVERY NATION PURPOSE: GENERAL | $11,100 |
NEW HORIZONS FOUNDATION INC PURPOSE: GENERAL | $33,400 |
THE NAVIGATORS PURPOSE: GENERAL | $20,264 |