Dr And Mrs R Faser Triplett Foundation
- Assets
- $7.6m
- Revenue
- $637.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, MS
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 72-1361246
Organization Overview
Dr And Mrs R Faser Triplett Foundation is located in Madison, MS. The organization was established in 1997. 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. Dr And Mrs R Faser Triplett Foundation 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, Dr And Mrs R Faser Triplett Foundation generated $637.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $536.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr And Mrs R Faser Triplett Foundation has awarded 12 individual grants totaling $2,644,507. 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 |
|---|---|---|---|
Rodney F Triplett Jr Director | 2 | $0 | |
Diane T Holloway Director | 2 | $0 | |
Lou Ann T Woidtke Director | 2 | $0 | |
Jacqueline T Walker Director | 2 | $0 | |
Suzan T Fuller Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,986 |
| Dividends & Interest | $412,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,957 |
| Capital Gain Net Income | $215,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,425 |
| Total Revenue | $637,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,588 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,776 |
| Total operating and administrative expenses | $75,464 |
| Contributions, gifts, grants paid | $461,142 |
| Total expenses and disbursements | $536,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,550,402 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,550,402 |
| 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, Dr And Mrs R Faser Triplett Foundation has awarded $461,142 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSISSIPPI FOUNDATION - MAGEE INSTITUTE LAUNCH FUND PURPOSE: UNRESTRICTED | $451,142 |
UNIVERSITY OF MISSISSIPPI FOUNDATION - OLE MISS WOMEN'S COUNCIL FUND PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |