T-Bonz Foundtation Inc is located in Charleston, SC. The organization was established in 2004. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T-Bonz Foundtation 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 12/2023, T-Bonz Foundtation Inc generated $150.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $293.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, T-Bonz Foundtation Inc has awarded 146 individual grants totaling $2,483,722. 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
THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF CHARITABLE DONATIONS TO A WIDE RANGE OF NONPROFITS, MOSTLY IN THE COASTAL AREAS OF SOUTH CAROLINA, FOR THE PURPOSE OF HELPING TO STRENGHEN AND IMPROVE THESE COMMUNITIES.
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,468 |
| Interest on Savings | $0 |
| 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 | $150,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172 |
| Total operating and administrative expenses | $1,672 |
| Contributions, gifts, grants paid | $291,695 |
| Total expenses and disbursements | $293,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,167 |
| Savings and temporary cash investments | $0 |
| 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 | $268,167 |
| 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 |
Over the last fiscal year, T-Bonz Foundtation Inc has awarded $291,695 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMOR HEALING KITCHEN PURPOSE: OPERATIONAL SUPPORT | $2,500 |
CHARLESTON JEWISH FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $1,000 |
COASTAL COMMUNITY FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $10,000 |
FEED THE NEED PURPOSE: OPERATIONAL SUPPORT | $11,441 |
GREENHEART-URBAN PROJECT PURPOSE: OPERATIONAL SUPPORT | $5,500 |
MISC - SMALL DONATIONS GIVEN TO WIDE VARIETY OF ORGANIZATIONS PURPOSE: OPERATIONAL SUPPORT | $1,863 |