Tesson Foundation
- Assets
- $2.3m
- Revenue
- -$44.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 03/1996
- Data as of
- 11/2023
- EIN
- 72-1285110
Organization Overview
Tesson Foundation is located in Metairie, LA. The organization was established in 1996. 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. Tesson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Tesson Foundation has awarded 94 individual grants totaling $661,223. 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 |
|---|---|---|---|
Tiffany T Hillegass Sec./ Treas | 0 | $0 | |
Cherish Van Mullem Vice President | 0 | $0 | |
Patrick A Tesson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $2,449 |
| Dividends & Interest | $81,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$136,573 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$44,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,999 |
| Total operating and administrative expenses | $13,101 |
| Contributions, gifts, grants paid | $104,650 |
| Total expenses and disbursements | $117,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,590 |
| Savings and temporary cash investments | $27,205 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,412,379 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,305,381 |
| 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, Tesson Foundation has awarded $104,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
THE ANGELUS INC PURPOSE: GENERAL | $10,000 |
NEW ORLEANS MUSEUM OF ART PURPOSE: GENERAL | $500 |
PERKINS SCHOOL FOR THE DEAF PURPOSE: GENERAL | $5,000 |
START THE ADVENTURE IN READING-STAI PURPOSE: GENERAL | $5,000 |
UNIVERSITY OF SOUTHERN MISSISSIPPI PURPOSE: GENERAL | $11,500 |
SPECIAL OLYMPICS PURPOSE: GENERAL | $5,000 |