10-1 Foundation Inc
- Assets
- $3.7m
- Revenue
- $2.1m
- Investments
- $854.5k
- Employees
- 0
- Location
- Thomasville, GA
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 59-3789335
Organization Overview
10-1 Foundation Inc is located in Thomasville, GA. The organization was established in 2006. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 10-1 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, 10-1 Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $395.2k during the year ending 12/2022.
Since 2020, 10-1 Foundation Inc has awarded 62 individual grants totaling $998,177. 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 |
|---|---|---|---|
Michael A Grimsley President | 0 | $0 | |
T Cole Forsyth Vice Preside | 0 | $0 | |
Brooke B Forsyth Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,019,100 |
| Interest on Savings | $2,626 |
| Dividends & Interest | $9,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,496 |
| Capital Gain Net Income | $7,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,826 |
| Total Revenue | $2,097,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $428 |
| Depreciation | $0 |
| Occupancy | $4,030 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86 |
| Total operating and administrative expenses | $31,307 |
| Contributions, gifts, grants paid | $363,899 |
| Total expenses and disbursements | $395,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,540,813 |
| 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 | $500 |
| Net Investments - land, buildings, equipment | $1,304,492 |
| Investments—mortgage loans | $0 |
| Investments—other | $273,113 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,700,263 |
| 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, 10-1 Foundation Inc has awarded $363,899 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBOLD FOUNDATION PURPOSE: GENERAL OPERATING FUND | $500 |
CLAYTON FIRST UNITED METHODIST CHUR PURPOSE: GENERAL OPERATING FUND | $250 |
COMMUNITY TRANSFORMATION INC PURPOSE: GENERAL OPERATING FUND | $600 |
COMPASSION INTERNATIONAL PURPOSE: GENERAL OPERATING FUND | $1,368 |
CROSSROAD CHRISTIAN COUNSELING CTR PURPOSE: GENERAL OPERATING FUND | $381 |
FIRST PRESBYTERIAN CHURCH OF THOMAS PURPOSE: GENERAL OPERATING FUND | $62,500 |