Tecovas Foundation
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $11.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 75-2829989
Organization Overview
Tecovas Foundation is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Tecovas 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, Tecovas Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $952.2k during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 3 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 2021, Tecovas Foundation has awarded 56 individual grants totaling $1,458,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $300,870 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,506 |
| Total Revenue | $1,585,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $139,691 |
| Contributions, gifts, grants paid | $812,500 |
| Total expenses and disbursements | $952,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,120 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,774,580 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tecovas Foundation has awarded $645,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION OF TEXAS PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
AMARILLO AREA FOUNDATION PURPOSE: SUPPORT FOR PANHANDLE GIVES | $20,000 |
FRIENDS OF RAISING THE VILLAGE PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
GLOBAL PRESS INSTITUTE PURPOSE: GLOBAL PRESS DUTY OF CARE | $50,000 |
GLOBAL PRESS INSTITUTE PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
OHIO DEBATE COMMISSION INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |