Benwood Foundation Inc
- Assets
- $121.4m
- Revenue
- $8.8m
- Investments
- $114.4m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 62-0476283
Organization Overview
Benwood Foundation Inc is located in Chattanooga, TN. The organization was established in 1946. 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. Benwood 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, Benwood Foundation Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Benwood Foundation Inc has awarded 822 individual grants totaling $51,926,767. 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 |
|---|---|---|---|
Sarah Morgan President | 40 | $244,113 | |
Jeff C Pfitzer Program Officer | 40 | $134,836 | |
Lori Quillen Program Officer | 40 | $87,490 | |
Connie R Perrin Accounting & Grants | 40 | $81,834 | |
Marsha T Orr Administrative Assis | 40 | $51,945 | |
Paul K Brock Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $188,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,517,849 |
| Capital Gain Net Income | $14,526,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,071,437 |
| Total Revenue | $8,777,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,650 |
| Other employee salaries and wages | $371,294 |
| Pension plans, employee benefits | $60,295 |
| Interest | $0 |
| Taxes | $294,253 |
| Depreciation | $3,674 |
| Occupancy | $134,216 |
| Travel, conferences, and meetings | $16,068 |
| Printing and publications | $0 |
| Other expenses | $208,663 |
| Total operating and administrative expenses | $1,392,329 |
| Contributions, gifts, grants paid | $2,957,150 |
| Total expenses and disbursements | $4,349,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,406 |
| Savings and temporary cash investments | $3,037,573 |
| 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 | $10,772 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $114,449,347 |
| Net Land, buildings, and equipment | $4,285 |
| Other assets | $3,824,242 |
| Total assets | $121,358,625 |
| Accounts payable and accrued expenses | $12,500 |
| Grants payable | $1,310,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $53,606 |
| Total liabilities | $1,376,106 |
Grants Awarded
Over the last fiscal year, Benwood Foundation Inc has awarded $3,951,490 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: PATHWAY LENDING'S SMALL BUSINESS JOBS OPPORTUNITY FUND | $300,000 |
CHATTANOOGA CHAMBER FOUNDATION PURPOSE: CHATTANOOGA 2.0 SUPPORT | $250,000 |
YOUNG WOMENS LEADERSHIP ACADEMY FOUNDATION INC PURPOSE: MONTESSORI ELEMENTARY AT HIGHLAND PARK | $230,000 |
Chattanooga, TN PURPOSE: OPERATING SUPPORT | $220,000 |
BUILDING AND CONSTRUCTION WORKFORCE CENTER PURPOSE: HUB FOR CONSTRUCTION EDUCATION, TRAINING, AND WORKFORCE DEVELOPMENT | $200,000 |
TENNESSEE SCORE PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |