Touba Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $34.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-2498630
Organization Overview
Touba Family Foundation Inc is located in Glens Falls, NY. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Touba Family 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, Touba Family Foundation Inc generated $34.1k 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 (37.3%) each year. All expenses for the organization totaled $94.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Touba Family Foundation Inc has awarded 173 individual grants totaling $582,990. 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 |
|---|---|---|---|
Jacquiline Touba Secretary | 1 | $0 | |
Riza Touba President | 1 | $0 | |
Susan Touba Wagner Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $32,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,590 |
| Capital Gain Net Income | $1,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $331 |
| Total operating and administrative expenses | $3,449 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $94,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,881 |
| 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 | $1,163,738 |
| 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, Touba Family Foundation Inc has awarded $91,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK THEATRE FESTIVAL PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $3,000 |
CRANDALL PUBLIC LIBRARY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,500 |
CHARLES R WOOD THEATER PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $1,500 |
GLENS FALLS SYMPHONY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,000 |
NORTH COUNTRY ARTS PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $2,500 |
SEAGLE MUSIC COLONY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $3,500 |