Gary V And Janet R Townsend Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $1.7m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- Data as of
- 12/2022
- EIN
- 85-3564425
Organization Overview
Gary V And Janet R Townsend Family Foundation Inc is located in Muncie, IN. 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. Gary V And Janet R Townsend Family 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, Gary V And Janet R Townsend Family Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $108.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Gary V And Janet R Townsend Family Foundation Inc has awarded 42 individual grants totaling $154,924. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Chambers Executive Chairperson | 0 | $0 | |
Amy Townsend CEO & Executive Director | 0 | $0 | |
Michelle Molin Chief Legal & Secretary | 0 | $0 | |
J Michael Mcclure CFO & Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $12,526 |
| Dividends & Interest | $8,347 |
| 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 | $1,020,873 |
| 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 | $13,972 |
| Total operating and administrative expenses | $13,972 |
| Contributions, gifts, grants paid | $94,460 |
| Total expenses and disbursements | $108,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140,584 |
| 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 | $545,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,845,315 |
| 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, Gary V And Janet R Townsend Family Foundation Inc has awarded $94,460 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CHARITIES INC PURPOSE: GENERAL SUPPORT | $20,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $20,000 |
BOYS AND GIRLS CLUB OF DELAWARE COUNTY PURPOSE: GENERAL SUPPORT | $3,820 |
YMCA OF CENTRAL INDIANA PURPOSE: GENERAL SUPPORT | $3,820 |
YMCA OF MUNCIE PURPOSE: GENERAL SUPPORT | $40,000 |
MUNCIE MISSION PURPOSE: GENERAL SUPPORT | $3,820 |