Teto Corporation
- Assets
- $14.1m
- Revenue
- $1.6m
- Investments
- $13.2m
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-2165101
Organization Overview
Teto Corporation is located in Mechanicsburg, PA. The organization was established in 2017. 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. Teto Corporation 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, Teto Corporation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Teto Corporation has awarded 90 individual grants totaling $2,807,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Draude President | 1 | $0 | |
Thomas Draude Treasurer | 1 | $0 | |
Charles Calkins Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142,187 |
| Dividends & Interest | $253,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,156,188 |
| Capital Gain Net Income | $1,156,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,552,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $111,813 |
| Total operating and administrative expenses | $125,882 |
| Contributions, gifts, grants paid | $985,000 |
| Total expenses and disbursements | $1,110,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,291 |
| Savings and temporary cash investments | $0 |
| 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 | $350,000 |
| 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 | $14,073,528 |
| 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, Teto Corporation has awarded $985,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
TENFOLD (FORMERLY TABORLHOP) PURPOSE: OPERATIONAL SUPPORT | $200,000 |
Bozeman, MT PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Camp Hill, PA PURPOSE: OPERATIONAL SUPPORT | $50,000 |
PORT DISCOVERY PURPOSE: OPERATIONAL SUPPORT | $50,000 |
GREYSTONE MANOR THERAPEUTIC RIDING CENTER PURPOSE: OPERATIONAL SUPPORT | $50,000 |
SALVATION ARMY PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |