Tent Foundation
- Assets
- $30.0m
- Revenue
- $11.0m
- Investments
- $25.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-2761733
Organization Overview
Tent Foundation is located in New York, NY. The organization was established in 2015. 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. Tent 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, Tent Foundation generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 35.0% 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, Tent Foundation has awarded 85 individual grants totaling $3,328,608. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENT'S EUROPE INITIATIVE COLLABORATES WITH MAJOR COMPANIES TO CONNECT REFUGEES TO JOB OPPORTUNITIES ACROSS THE REGION. BY WORKING DIRECTLY WITH EMPLOYERS, TENT AIMS TO LEVERAGE THEIR INDUSTRY EXPERTISE TO BREAK DOWN THE EXCLUSION REFUGEES OFTEN FACE IN ACCESSING THE WORKFORCE.
TENT'S AMERICAS INITIATIVE PARTNERS WITH LEADING COMPANIES TO EXPAND REFUGEE EMPLOYMENT OPPORTUNITIES ACROSS NORTH AND SOUTH AMERICA. THIS PROGRAM MOBILIZES BUSINESSES TO APPLY THEIR STRENGTHS TOWARD ADDRESSING BARRIERS THAT PREVENT REFUGEES FROM FULLY PARTICIPATING IN THE WORKFORCE.
UNSTUCK PARTNERS WITH GLOBAL BRANDS TO CREATE IMPACTFUL JOB OPPORTUNITIES FOR REFUGEES BY INTEGRATING THEM INTO SUPPLY CHAINS. BY SOURCING MATERIALS AND INGREDIENTS FROM SUPPLIERS COMMITTED TO HIRING REFUGEES, UNSTUCK EMPOWERS BRANDS TO SUPPORT REFUGEE EMPLOYMENT.
OTHER PROGRAMS, INLCUDING MENTORSHIP - TENT'S MENTORSHIP PROGRAMS HELP REFUGEES OVERCOME BARRIERS TO RESTARTING THEIR CAREERS IN NEW COMMUNITIES. THROUGH THESE PROGRAMS, TENT PAIRS REFUGEES WITH EMPLOYEES FROM LEADING COMPANIES WHO PROVIDE PROFESSIONAL GUIDANCE, NETWORKING OPPORTUNITIES, AND CAREER DEVELOPMENT SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hamdi Ulukaya President/board Chairman | 1 | $0 | |
Nishant Roy Treasurer | 1 | $0 | |
Orin Snyder Board Member | 1 | $0 | |
Wendy Woods Board Member | 1 | $0 | |
Rohini Anand Board Member | 1 | $0 | |
Gideon Maltz Chief Executive Officer | 40 | $371,858 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fleishmanhillard Inc | 12/30/23 | $122,842 |
Cision Us Inc | 12/30/23 | $56,725 |
Gmmb Inc | 12/30/23 | $55,924 |
Ipg Dxtra Weber Shandwick | 12/30/23 | $52,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,989,518 |
| Interest on Savings | $10,296 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,999,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $953,551 |
| Other employee salaries and wages | $4,288,267 |
| Pension plans, employee benefits | $824,016 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,106 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $361,714 |
| Printing and publications | $0 |
| Other expenses | $944,423 |
| Total operating and administrative expenses | $7,491,328 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $7,493,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,138,586 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $40,000 |
| 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 | $23,817 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,554,617 |
| Net Land, buildings, and equipment | $38,793 |
| Other assets | $248,983 |
| Total assets | $30,044,796 |
| Accounts payable and accrued expenses | $1,249,754 |
| 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 | $1,249,754 |
Grants Awarded
Over the last fiscal year, Tent Foundation has awarded $82,315 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ACCEM PURPOSE: MENTORSHIP PROGRAM FOR REFUGEE WOMEN IN EUROPE | $11,418 |
ACCESSIBLE COMMUNITY COUNSELING AND EMPLOYMENT SERVICES (ACCES) PURPOSE: RESEARCH ACTIVITIES RELATED TO CANADIAN GUIDE FOR EMPLOYERS HIRING REFUGEES | $10,045 |
JOBS 4 REFUGEES PURPOSE: MENTORSHIP PROGRAM FOR REFUGEE WOMEN IN EUROPE | $5,701 |
LUTHERAN IMMIGRATION AND REFUGEE SERVICES PURPOSE: FUNDING FOR DEVELOPING A HIRING GUIDE FOR US EMPLOYERS INTERESTED IN HIRING REFUGEES | $6,667 |
IMMIGRATION EQUALITY PURPOSE: RECRUIT NEW MENTEES' FOR TENT THROUGH SOCIAL MEDIA | $2,500 |
MRASTAH PURPOSE: MENTORING REFUGEE WOMEN | $5,471 |