The Tika Foundation
- Assets
- $3.9m
- Revenue
- $159.7k
- Investments
- $3.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4088700
Organization Overview
The Tika Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tika 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, Tika Foundation generated $159.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $223.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tika Foundation has awarded 63 individual grants totaling $1,140,358. 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 | $13,514 |
| Dividends & Interest | $131,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,557 |
| Capital Gain Net Income | $40,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,978 |
| Total operating and administrative expenses | $32,699 |
| Contributions, gifts, grants paid | $190,366 |
| Total expenses and disbursements | $223,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $192,641 |
| 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 | $3,851,705 |
| 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, The Tika Foundation has awarded $190,366 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: MINNEAPOLIS HOPE LODGE | $10,000 |
ANIMAL HUMANE SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ARTS MIDWEST PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
MILL CITY FARMERS MARKET CHARITABLE FUND PURPOSE: TO SUPPORT THE NEXT STAGE GRANT PROGRAM | $7,000 |
MINNESOTA PUBLIC RADIO PURPOSE: MPR CAPITAL CAMPAIGN SPECIFICALLY TO SUPPORT THE APM REPORTS INVESTIGATIVE UNIT | $30,000 |
SCHWAB CHARITABLE FUND PURPOSE: THE VERUS FUND | $28,366 |