Teel Charitable Foundation
- Assets
- $5.9m
- Revenue
- $155.0k
- Investments
- $5.9m
- Employees
- 0
- Location
- Harrison, AR
- Founding
- 10/1979
- Data as of
- 12/2022
- EIN
- 91-1083941
Organization Overview
Teel Charitable Foundation is located in Harrison, AR. The organization was established in 1979. 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. Teel Charitable 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 12/2022, Teel Charitable Foundation generated $155.0k 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 (40.7%) each year. All expenses for the organization totaled $426.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Teel Charitable Foundation has awarded 101 individual grants totaling $1,296,000. 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 |
|---|---|---|---|
Kimberly Feir President | 0 | $0 | |
Charles Teel Vice Preside | 0 | $0 | |
Sonja Ringsrud Secretary | 0 | $0 | |
Molly Oien Treasurer | 0 | $0 | |
Daryl Vander Pol Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,790 |
| Dividends & Interest | $166,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,117 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,338 |
| Total Revenue | $154,998 |
| 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 | $57,347 |
| Total operating and administrative expenses | $60,122 |
| Contributions, gifts, grants paid | $366,000 |
| Total expenses and disbursements | $426,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,017 |
| 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 | $5,919,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,934,625 |
| 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, Teel Charitable Foundation has awarded $366,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: RELIGIOUS CHILD ADVOCACY SERVICES | $8,500 |
EVERGREEN MOUNTAIN BIKE ALLIANCE PURPOSE: TRAIL BUILDING AND MAINTENANCE | $3,500 |
GOOD CHEER PURPOSE: FOOD BANK | $8,000 |
NOOKSACK VALLEY HIGH SCHOOL PURPOSE: SCHOLARSHIP FUND | $4,000 |
RYAN'S HOUSE FOR YOUTH PURPOSE: YOUTH ADVOCACY SERVICES | $8,000 |
SEATTLE PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $45,500 |