The Haslam 3 Foundation Inc
- Assets
- $5.1m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 62-1867421
Organization Overview
The Haslam 3 Foundation Inc is located in Knoxville, TN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Haslam 3 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, Haslam 3 Foundation Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $12.7m during the year ending 12/2022. While expenses have increased by 10.2% 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, Haslam 3 Foundation Inc has awarded 260 individual grants totaling $79,004,412. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NO DIRECT CHARITABLE ACTIVITIES DURING THE CURRENT TAX YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan B Haslam President & | 0 | $0 | |
James A Haslam III Vice Pres & | 0 | $0 | |
James B Haslam Secret, Trea | 0 | $0 | |
Cynthia Haslam Arnholt Director | 0 | $0 | |
Whitney H Johnson Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tristar Strategies Llc | 12/30/22 | $284,546 |
Kitamba Mgt Llc | 12/30/22 | $85,000 |
Five Sparrows Llc | 12/30/22 | $72,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,485,301 |
| Interest on Savings | $3,862 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $604 |
| Total Revenue | $12,489,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $74,141 |
| Taxes | $1,343 |
| Depreciation | $145,690 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,588 |
| Total operating and administrative expenses | $746,725 |
| Contributions, gifts, grants paid | $11,905,833 |
| Total expenses and disbursements | $12,652,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,185 |
| Savings and temporary cash investments | $7 |
| 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 | $1,625,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,447,709 |
| Other assets | $0 |
| Total assets | $5,122,901 |
| 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 | $1,625,000 |
| Other liabilities | $0 |
| Total liabilities | $1,625,000 |
Grants Awarded
Over the last fiscal year, The Haslam 3 Foundation Inc has awarded $11,905,833 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AFC GROWTH FUND PURPOSE: SUPPORT OF K-12 EDUCATION | $100,000 |
CHARTER SCHOOL GROWTH FUND PURPOSE: GIVE CHILDREN ACCESS TO EDUCATION | $2,200,000 |
CLAYTON BRADLEY ACADEMY PURPOSE: STUDENT SCHOLARSHIP SUPPORT | $50,000 |
EAST TN CHILDREN'S HOSPITAL ASSOC PURPOSE: HEALTHCARE FOR CHILDREN AND INFANTS | $55,000 |
EMERALD YOUTH FOUNDATION PURPOSE: DEVELOP CHRISTIAN LEADERS | $2,315,000 |
ESPERANZA PURPOSE: SUPPORT OF ADULT EDUCATION PROGRAMS | $10,000 |