Three Cords Foundation
- Assets
- $50.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3561645
Organization Overview
Three Cords Foundation is located in Reston, VA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Three Cords Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Three Cords Foundation has awarded 15 individual grants totaling $3,957,219. 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 |
|---|---|---|---|
Jamie Stephenson President/director | 1 | $0 | |
Christopher Stephenson Secretary/treasurer/director | 1 | $0 | |
Luke Stephenson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,285,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,285,000 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,283,969 |
| Total expenses and disbursements | $1,283,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,791 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,791 |
| 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, Three Cords Foundation has awarded $1,283,969 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF LAKE LEELANAU PURPOSE: TO PROTECT AND ENHANCE THE QUALITY AND BEAUTY OF LAKE LEELANAU | $330,000 |
JOURNEY CHURCH OF THE ASSEMBLIES OF GOD INC PURPOSE: GENERAL SUPPORT | $50,000 |
KIDS CONNECT CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $53,969 |
TRINITY CHRISTIAN COLLEGE PURPOSE: GENERAL SUPPORT AND TO SUPPORT ADMISSIONS STRATEGIES WITH THE OVERALL GOAL OF POSITIVELY IMPACTING STUDENT RECRUITMENT | $850,000 |