Tull Charitable Foundation Inc
- Assets
- $105.3m
- Revenue
- $3.5m
- Investments
- $102.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 58-1687028
Organization Overview
Tull Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 1986. 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. Tull Charitable 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 12/2021, Tull Charitable Foundation Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tull Charitable Foundation Inc has awarded 662 individual grants totaling $15,210,747. 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 |
|---|---|---|---|
Sylvia Looney Dick Board Chair (january-October) | 1 | $0 | |
Gabrielle Sheely Sect/treas. & Exec. Director | 40 | $215,835 | |
Lillian C Giornelli Board Member | 1 | $0 | |
Clay Rolader Board Member | 1 | $0 | |
Napoleon Rutledge Jr Board Member | 1 | $0 | |
Timothy P Tassopoulos Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cevian Capital Llp | 12/30/22 | $202,647 |
Makena Capital Associates Lp | 12/30/22 | $83,892 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $463,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,000,364 |
| Capital Gain Net Income | $8,107,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,464,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $71,500 |
| Pension plans, employee benefits | $45,288 |
| Interest | $0 |
| Taxes | $327,057 |
| Depreciation | $9,801 |
| Occupancy | $70,490 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,151 |
| Total operating and administrative expenses | $2,098,016 |
| Contributions, gifts, grants paid | $3,655,090 |
| Total expenses and disbursements | $5,753,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,887,045 |
| 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 | $129,134 |
| Net Land, buildings, and equipment | $39,027 |
| Other assets | $175,518 |
| Total assets | $105,252,132 |
| 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 | $487,340 |
| Total liabilities | $487,340 |
Grants Awarded
Over the last fiscal year, Tull Charitable Foundation Inc has awarded $4,584,347 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
3KEYS PURPOSE: OTHER CONTRIBUTIONS TO SUPPORT RECIPIENT ORGANIZATION'S EXEMPT PURPOSE | $2,000 |
3KEYS PURPOSE: MATCHING GIFT FOR BOARD MEMBERS & EMPLOYEES | $1,000 |
ACHIEVE ATLANTA PURPOSE: GRANT SUPPORT OF RECIPIENT ORGANIZATION'S EXEMPT PURPOSE | $500,000 |
AGAPE YOUTH & FAMILY CENTER PURPOSE: OTHER CONTRIBUTIONS TO SUPPORT RECIPIENT ORGANIZATION'S EXEMPT PURPOSE | $2,000 |
AGNES SCOTT COLLEGE PURPOSE: GRANT SUPPORT OF RECIPIENT ORGANIZATION'S EXEMPT PURPOSE | $100,000 |
ALTAMAHA RIVERKEEPER PURPOSE: MATCHING GIFT FOR BOARD MEMBERS & EMPLOYEES | $400 |