Tyrone Heritage Foundation
- Assets
- $11.6m
- Revenue
- $416.3k
- Investments
- $11.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 77-0516597
Organization Overview
Tyrone Heritage Foundation is located in Wilmington, DE. The organization was established in 1999. 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. Tyrone Heritage 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 12/2023, Tyrone Heritage Foundation generated $416.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Tyrone Heritage Foundation has awarded 109 individual grants totaling $5,679,177. 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 |
|---|---|---|---|
Joe Ethan Boomer Butler Dir, Pres, Sec, Treas | 1 | $0 | |
Joseph Mark Ellison Dir | 1 | $0 | |
Matthew O M Ellison Dir | 1 | $0 | |
Debra S Hill Dir | 1 | $0 | |
Sandra D Sponseller Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,364 |
| Dividends & Interest | $319,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,464 |
| Capital Gain Net Income | $82,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $416,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,647 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,466 |
| Total operating and administrative expenses | $107,397 |
| Contributions, gifts, grants paid | $1,345,080 |
| Total expenses and disbursements | $1,452,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $201,355 |
| 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 | $11,568,669 |
| 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, Tyrone Heritage Foundation has awarded $1,345,080 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CASA DE VIDA PURPOSE: GENERAL & UNRESTRICTED | $33,000 |
ANCORATN PURPOSE: PATH TO BARN AND PARKING PAD EXPANSION | $40,000 |
CHAYAH MINISTRIES INTERNATIONAL INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
CLEAN INTERNATIONAL INC PURPOSE: BRING DIRECT ACCESS TO CLEAN, SUSTAINABLE WATER TO 237,200 PEOPLE IN AFRICA | $50,000 |
DISABLED AMERICAN VETERANS CALIFORNIA REHABILITATI PURPOSE: FISHING EXCURSION AND OXNARD FAMILY CIRCLE SENSORY STIMULATION ROOM | $20,000 |
EXPRESSION MINISTRIES INC PURPOSE: SCHOLARSHIP FUND AND COMMUNITY OUTREACH. | $5,000 |