MILLS RIVER, NC

Tbk Scholarship Foundation

Quick Facts

EIN: 300962878
Location: MILLS RIVER, NC
Category: Philanthropy & Grantmaking
Total Assets: $123K
Annual Income: $48K
IRS Ruling Year: 2017
Organization Type: Non-Operating Foundation
Principal Officer: % Thomas Knost
Tax Deductibility: Contributions are deductible

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About This Foundation

Tbk Scholarship Foundation is a private corporation based in MILLS RIVER, NC. The foundation received its IRS ruling in 2017. The principal officer is % Thomas Knost. It holds total assets of $123K. Annual income is reported at $48K. Jerusalem Garcia - student at Benedictine College - school expenses and tuition. According to available records, Tbk Scholarship Foundation has made 7 grants totaling $33K, with a median grant of $3K. Annual giving has grown from $7K in 2021 to $26K in 2022. Individual grants have ranged from $1K to $12K, with an average award of $5K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Kansas and Ohio. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Deadline

N A

Restrictions

N A

Programs & Activities

UC Foundation

Expenses: $3K

Unbound - Ronald

Expenses: $960

Unbound - Ronald

Expenses: $2K

Unbound - Joyce Ann

Expenses: $1K

Frequently Asked Questions

What does Tbk Scholarship Foundation fund?

Jerusalem Garcia - student at Benedictine College - school expenses and tuition. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in KS, OH.

How much does Tbk Scholarship Foundation give in grants?

Tbk Scholarship Foundation has distributed a total of $33K across 7 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $1K to $12K.

How do I apply for a grant from Tbk Scholarship Foundation?

Tbk Scholarship Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is N A. N A.

Where is Tbk Scholarship Foundation located?

Tbk Scholarship Foundation is headquartered in MILLS RIVER, NC. While based in NC, the foundation distributes grants to organizations across 2 states.

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

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GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$44K

2023+214%

Total Assets

$125K

2023-2%

Fair Market Value

$125K

2023

Net Worth

$125K

2023

Grants Paid

$43K

2023

Contributions

$37K

2023

Net Investment Income

2023

Distribution Amount

$6K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Revenue Sources (2023)

Contributions: $37K
Interest: $5K

Financial Details (2023)

Total Revenue: $42K
Total Expenses: $44K
Exempt Purpose Expenses: $44K
Required Distribution: $6K
Undistributed Income: $0
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsYes

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$33K

Average Grant

$5K

Median Grant

$3K

Unique Recipients

Most Common Grant

$1K

Grant Disbursements by Year

Grant Range

Min$1K

Max$12K

Median: $3K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

KS$31K (6)

OH$3K (1)

Past Grantees

Recipient	Location	Amount	Year
UnboundProvide educational assistance to three students	Kansas City, KS	$1K	2022
Jerusalem GarciaTuition and expenses	Atchison, KS	$12K	2022
Uc FoundationGeneral engineering education	Cincinnati, OH	$3K	2021