Tsc Alliance Endowment Fund Inc
- Assets
- $5.6m
- Revenue
- $206.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 52-1926919
Organization Overview
Tsc Alliance Endowment Fund Inc is located in Silver Spring, MD. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Tsc Alliance Endowment Fund 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, Tsc Alliance Endowment Fund Inc generated $206.7k 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 (5.7%) each year. All expenses for the organization totaled $384.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INVEST GIFTS TO GENERATE AN INCOME STREAM TO HELP FULFILL THE MISSION OF THE TSC ALLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT GIFTS AND EXPENSES INCURRED IN GENERATING GIFTS TO SUPPORT THE MISSION OF THE TSC ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Arcuri Chief Financial Officer | Officer | 3 | $11,324 |
Richard Gollub Chief Financial Officer | Officer | 3 | $4,241 |
Kari Luther Rosbeck President & CEO | Officer | 1 | $2,756 |
Marion S Adams Chair | OfficerTrustee | 2 | $0 |
Michael Augustine Secretary | OfficerTrustee | 2 | $0 |
William Joseph Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $928 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,580 |
| Total Program Service Revenue | $0 |
| Investment income | $162,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $308,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,969 |
| Fees for services: Accounting | $7,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,328 |
| Fees for services: Other | $28,685 |
| Advertising and promotion | $0 |
| Office expenses | $11,479 |
| Information technology | $850 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,937 |
| All other expenses | $3,771 |
| Total functional expenses | $384,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,875 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,577,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,484 |
| Total assets | $5,620,224 |
| Accounts payable and accrued expenses | $6,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,451 |
| Total liabilities | $119,837 |
| Net assets without donor restrictions | $4,634,432 |
| Net assets with donor restrictions | $865,955 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,620,224 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tsc Alliance Endowment Fund Inc has recieved totaling $2,604.
| Awarding Organization | Amount |
|---|---|
Seyfarth Shaw Charitable Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSE | $2,500 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $104 |
Endowment Analysis
| Beg. Balance | $6,711,748 |
| Earnings | -$860,036 |
| Admin Expense | $181,748 |
| Net Contributions | $68,423 |
| Other Expense | $238,000 |
| Ending Balance | $5,500,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |