Tql Foundation Inc
- Assets
- $27.6m
- Revenue
- $209.4k
- Investments
- $26.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 47-2494883
Organization Overview
Tql Foundation Inc is located in Cincinnati, OH. The organization was established in 2016. 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. Tql 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 12/2022, Tql Foundation Inc generated $209.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tql Foundation Inc has awarded 417 individual grants totaling $6,380,828. 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 |
|---|---|---|---|
Kenneth G Oaks Chairman | 1 | $0 | |
Michael Zins Treasurer | 1 | $0 | |
Kerry Byrne Pres/sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,729 |
| Dividends & Interest | $592,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$458,813 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,625 |
| Total Revenue | $209,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195 |
| Total operating and administrative expenses | $179,907 |
| Contributions, gifts, grants paid | $2,348,678 |
| Total expenses and disbursements | $2,528,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $797,164 |
| 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 | $307,386 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,553,931 |
| 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, Tql Foundation Inc has awarded $2,348,678 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
A CARING PLACE PURPOSE: PROGRAM SUPPORT | $7,911 |
AMERICAN CANCER SOCIETY PURPOSE: PROGRAM SUPPORT | $500 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: PROGRAM SUPPORT | $20,000 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: PROGRAM SUPPORT | $547,411 |
ANDERSON TWP HISTORICAL SOCIETY PURPOSE: PROGRAM SUPPORT | $2,500 |
ACTIVITIES BEYOND THE CLASSROOM PURPOSE: PROGRAM SUPPORT | $5,000 |