Teget Foundation
- Assets
- $1.3m
- Revenue
- $56.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Shenandoah, IA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 46-0363474
Organization Overview
Teget Foundation is located in Shenandoah, IA. The organization was established in 1982. 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. Teget 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 12/2021, Teget Foundation generated $56.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $79.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Teget Foundation has awarded 78 individual grants totaling $145,300. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,875 |
| Dividends & Interest | $54,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $228 |
| Capital Gain Net Income | $228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $272 |
| Total operating and administrative expenses | $4,683 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $79,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,026 |
| 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 | $1,169,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,296,590 |
| 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, Teget Foundation has awarded $74,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE UNIVERSITY PURPOSE: EDUCATIONAL | $10,000 |
BAPTIST HEALTH FOUNDATION PURPOSE: CHARITABLE | $5,000 |
HAYS MED FOUNDATION PURPOSE: CHARITABLE | $4,000 |
SHENANDOAH FOOD PANTRY PURPOSE: CHARITABLE | $3,500 |
Crete, NE PURPOSE: EDUCATIONAL | $3,000 |
CRETE UNITED CHURCH OF CHRIST-BACKPACK PROGRAM PURPOSE: CHARITABLE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |