Tfc Financial Charitable Foundation Inc
- Assets
- $138.7k
- Revenue
- $12.6k
- Investments
- $128.2k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3209158
Organization Overview
Tfc Financial Charitable Foundation Inc is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tfc Financial Charitable Foundation Inc 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 12/2022, Tfc Financial Charitable Foundation Inc generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Joslin President/director | 0 | $0 | |
Renee K Kwok Treasurer/director | 0 | $0 | |
Daniel S Kern Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $11 |
| Dividends & Interest | $2,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305 |
| Capital Gain Net Income | $305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,050 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $11,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,520 |
| 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 | $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 | $128,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $138,698 |
| 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, Tfc Financial Charitable Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BUDGET BUDDIES PURPOSE: FINANCIAL LITERACY | $10,000 |
THE HOME FOR LITTLE WANDERERS PURPOSE: FINANCIAL LITERACY | $10,000 |
INVEST IN GIRLS - COUNCIL FOR ECONOMIC EDUCATION PURPOSE: FINANCIAL LITERACY | $10,000 |