Tourville Family Foundation
- Assets
- $23.0m
- Revenue
- $5.2m
- Investments
- $23.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 85-4139108
Organization Overview
Tourville Family Foundation is located in Minneapolis, MN. 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. Tourville Family 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, Tourville Family Foundation generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year.
Since 2021, Tourville Family Foundation has awarded 67 individual grants totaling $1,047,808. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
DONATIONS TO VARIOUS TAX EMEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl P Tourville Initial Member/director | 2 | $0 | |
Teresa L Tourville Director | 20 | $0 | |
Rebecca T Hanousek Director | 20 | $40,000 | |
Nicholas K Tourville Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,949,945 |
| Interest on Savings | $5,124 |
| Dividends & Interest | $296,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,471 |
| Capital Gain Net Income | $515,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,232,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,909 |
| Total operating and administrative expenses | $193,789 |
| Contributions, gifts, grants paid | $639,000 |
| Total expenses and disbursements | $832,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,793 |
| Savings and temporary cash investments | $34,387 |
| 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 | $3,597,286 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,036,073 |
| 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 | $1,007 |
| Total liabilities | $1,007 |
Grants Awarded
Over the last fiscal year, Tourville Family Foundation has awarded $639,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF HOLY ANGELS PURPOSE: CHARITABLE | $150,000 |
ALIGN MPLS PURPOSE: CHARITABLE | $5,000 |
AGATE HOUSING AND SERVICES PURPOSE: CHARITABLE | $20,000 |
BENILDE-ST MARGARET'S HIGH SCHOOL PURPOSE: CHARITABLE | $20,000 |
BIG SKY BRAVERY PURPOSE: CHARITABLE | $10,000 |
BIG SKY FOOD BANK PURPOSE: CHARITABLE | $7,000 |