Telford Foundation Inc
- Assets
- $77.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 07/1967
- Data as of
- 12/2021
- EIN
- 59-6194413
Organization Overview
Telford Foundation Inc is located in Naples, FL. The organization was established in 1967. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Telford 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, Telford Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 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 2014, Telford Foundation Inc has awarded 96 individual grants totaling $14,551,893. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIFTS TO DESIGNATED CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS. SEE SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mcmackin Director | Trustee | 2 | $27,000 |
Rick Wyles Secretary/treasurer/director | OfficerTrustee | 2 | $17,000 |
Henry Ct Richmond III Vice President/director | OfficerTrustee | 3 | $12,000 |
Jean C Logue President/director | OfficerTrustee | 4 | $12,000 |
Paul Hiltz Director | Trustee | 2 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,858,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,303,423 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,161,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,726,815 |
| 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 | $100,158 |
| Fees for services: Accounting | $11,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $231,832 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,963 |
| Information technology | $9,492 |
| Royalties | $0 |
| Occupancy | $35,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $903 |
| All other expenses | $15,970 |
| Total functional expenses | $4,221,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $332,201 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $76,876,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,208,801 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $77,208,801 |
| Net assets with donor restrictions | $0 |
| 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 | $77,208,801 |
Grants Awarded
Over the last fiscal year, Telford Foundation Inc has awarded $3,726,815 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $931,704 |
Louisville, KY PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $372,681 |
Lexington, VA PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $372,681 |
THE FIRST PRESBYTERIAN CHURCH OF RICHMOND PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $372,681 |
THE UNIVERSITY OF KENTUCKY MEDICAL CENTER FOR OVARIAN CANCER RESEARCH PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $372,681 |
Lewisburg, WV PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $186,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |