Tapeats Fund
- Assets
- $16.4m
- Revenue
- $125.7k
- Investments
- $15.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 76-0412011
Organization Overview
Tapeats Fund is located in Wilmington, DE. The organization was established in 1993. 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. Tapeats Fund 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 12/2023, Tapeats Fund generated $125.7k 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 (27.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tapeats Fund has awarded 619 individual grants totaling $6,058,212. 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 |
|---|---|---|---|
Margaret Borho Executive Dir, Sec | 20 | $0 | |
David R Graham Trustee | 0 | $0 | |
Laurel A Graham Executive Vp, Trustee | 0 | $0 | |
Robert H Graham Pres, Treas, Trustee | 1 | $0 | |
Spencer R Graham Trustee | 0 | $0 | |
Whitney G Mixon Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc Private Wealth Management | 12/30/23 | $59,143 |
Foundation Source | 12/30/23 | $73,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,075 |
| Dividends & Interest | $392,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$409,098 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,111 |
| Total Revenue | $125,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,939 |
| Depreciation | $0 |
| Occupancy | $21,558 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,680 |
| Total operating and administrative expenses | $230,079 |
| Contributions, gifts, grants paid | $827,500 |
| Total expenses and disbursements | $1,057,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $747,309 |
| 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 | $2,628,347 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,393,576 |
| 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, Tapeats Fund has awarded $827,500 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
22 SHENANIGANS INC PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
ALLIANCE FOR CHOICE IN EDUCATION PURPOSE: ACE HOUSTON K-12 SCHOLARSHIP FUND | $10,000 |
BOS PLACE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BAYOU PRESERVATION ASSOCIATION INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BREAKTHROUGH HOUSTON PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BUFFALO BAYOU PARTNERSHIP PURPOSE: GENERAL & UNRESTRICTED | $5,000 |