Foundation For The Tri-State Community Inc
- Assets
- $29.3m
- Revenue
- $2.8m
- Investments
- $26.0m
- Employees
- 5
- Location
- Ashland, KY
- Founding
- 09/1972
- Data as of
- 12/2022
- EIN
- 61-0729266
Organization Overview
Foundation For The Tri-State Community Inc is located in Ashland, KY. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Foundation For The Tri-State Community Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Tri-State Community 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, Foundation For The Tri-State Community Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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, Foundation For The Tri-State Community Inc has awarded 192 individual grants totaling $2,892,605. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. IS A COMMUNITY FOUNDATION ESTABLISHED TO IMPROVE THE QUALITY OF LIFE IN THE TRI-STATE REGION OF KENTUCKY, OHIO AND WEST VIRGINIA, BY ENCOURAGING, RAISING, ADMINSTERING AND DISTRIBUTING GIFTS FOR CHARITABLE, CULTURAL, EDCATIONAL AND SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. SPONSORS MANY PROGRAMS FOR THE CULTURAL AND EDUCATIONAL ENRICHMENT OF THE TRI-STATE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Witten Wiseman President | $182,012 | ||
Christine Anderson Trustee | Trustee | $0 | |
Josh Blanton Trustee | Trustee | $0 | |
Barry Cohen Trustee | Trustee | $0 | |
Donald Capper Trustee | Trustee | $0 | |
David Griffith Trustee | Trustee | $0 |
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 | $1,151,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,151,820 |
| Total Program Service Revenue | $0 |
| Investment income | $454,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,192,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,799,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $858,432 |
| Grants and other assistance to domestic individuals. | $46,717 |
| 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 | $404,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,924 |
| Payroll taxes | $30,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,039 |
| Travel | $5,648 |
| 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 | $5,383 |
| Insurance | $6,446 |
| All other expenses | $17,278 |
| Total functional expenses | $1,741,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,185,872 |
| 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 | $13,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,994,418 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,095,865 |
| Total assets | $29,289,421 |
| Accounts payable and accrued expenses | $54,564 |
| 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 | $357,810 |
| Total liabilities | $412,374 |
| Net assets without donor restrictions | $1,535,831 |
| Net assets with donor restrictions | $27,341,216 |
| 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 | $29,289,421 |
Grants Awarded
Over the last fiscal year, Foundation For The Tri-State Community Inc has awarded $526,866 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLAND COMMUNITY KITCHEN | | | $12,500 |
BIG BROTHERS BIG SISTERSOF THE TRI-STATE | | | $11,000 |
BOYS AND GIRLS CLUB OF HUNTINGTON | | | $16,028 |
FIRST PRESBYTERIAN CHURCH | | | $10,000 |
HERITAGE FARM MUSEUM & VILLAGE | | | $15,000 |
HIGHLANDS MUSEUM & DISCOVERY CENTER | | | $13,589 |