Tmg Foundation
PROVIDE SUPPORT TO OTHER 501(C)(3) ORGANIZATIONS, PRIMARILY THOSE AIDING ORPHANS AND VULNERABLE CHILDREN THROUGHOUT THE WORLD, IN ACCORDANCE WITH THE MISSION OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$718K
Total Expenses
$689K
Net Assets
$9.1M
Employees
0
Grants Paid
$485K
Program Expense Ratio
70.4%
Fundraising Efficiency
1679.3%
This nonprofit profile presents IRS Form 990 tax filing data for Tmg Foundation (EIN: 01-0750822), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Tmg Foundation is a 501(c)(3) nonprofit headquartered in GRIDLEY, IL, founded in 2002. The organization has held tax-exempt status since 2003. In its 2024 filing, the organization reported $718K in total revenue, a 11.9% increase from the prior year, and $689K in total expenses. The organization runs 1 program, totaling $485K in program expenses. 4 of 6 recommended governance policies are in place.
Tmg Foundation is classified under NTEE code T113. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
Tmg Foundation operates 1 program, with total program expenses of $485K. Tmg Foundation's largest program accounts for 100% of total program spending.
PROVIDE SUPPORT TO OTHER 501(C)(3) ORGANIZATIONS, PRIMARILY THOSE AIDING ORPHANS AND VULNERABLE CHILDREN THROUGHOUT THE WORLD, IN ACCORDANCE WITH THE MISSION OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION. SEE DETAILS AT SCH. I.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Tmg Foundation's revenue has declined from $2.5M to $718K, a 70.7% decrease. Program expenses represent 70% of total spending.
Revenue increased 11.9% year-over-year, while expenses grew 5.3%. net assets rose to $9.1M, up 0.5% from the prior year.
Tmg Foundation derives 42% from contributions and grants, with 9% from program services, with 49% from investment income.
Revenue is diversified across investment income (49%), contributions and grants (42%), program service revenue (9%).
Tmg Foundation allocates 70% to programs, 27% to management and general, 3% to fundraising.
Revenue grew by 11.9% while expenses grew by only 5.3%, suggesting improving operational efficiency.
Tmg Foundation distributed $485K in grants to other organizations and individuals, representing 70% of total expenses.
Over 5 filings from 2020–2024, Tmg Foundation declined revenue from $2.5M to $718K (-70.7%) while maintaining a program expense ratio of 70%.
Tmg Foundation holds $10.0M in total assets against $868K in liabilities (debt-to-asset ratio of 9%). The organization has 158.7 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $718K | $300K | $0 | $65K | $353K |
| 2023 | $642K | $200K | $0 | $38K | $404K |
| 2022 | $1.5M | $1.2M | $0 | $38K | $218K |
| 2021 | $2.9M | $2.5M | $0 | $38K | $288K |
| 2020 | $2.5M | $2.2M | $0 | $19K | $229K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $689K | $485K | $186K | $18K | $485K |
| 2023 | $654K | $495K | $146K | $13K | $495K |
| 2022 | $1.1M | $976K | $134K | $12K | $976K |
| 2021 | $368K | $203K | $153K | $12K | $203K |
| 2020 | $152K | $50K | $94K | $8K | $45K |
Program Expense Ratio
70.4%
Admin Expense Ratio
27.0%
Fundraising Efficiency
1679.3%
Operating Reserve
158.7 mo
People & Compensation(Tax Year 2024)
8 records
Tmg Foundation reported compensation for 8 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| GARY RINGGER | PRESIDENT | OfficerDirector | 3.00 | $0 | $0 | $0 |
| KAREN JONAS | SECRETARY | Officer | 1.00 | $0 | $0 | $0 |
| KYLE HANGARTNER | TREASURER | Officer | 3.00 | $0 | $0 | $0 |
| KORY KAEB | VICE-PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| TERRILL PARKER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RONALD SMITH | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ROGER SANDBERG | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARLA RINGGER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Governance & Compliance(Tax Year 2024)
Tmg Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 5 of whom are independent.
Tmg Foundation does not have audited financial statements, an audit committee oversees the process.
Tmg Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
6 records
Tmg Foundation awarded $478K across 6 grants to organizations. Top recipients include NATIONAL CHRISTIAN CHAR FOUNDATION (ALPHARETTA, GA) — $224K for general support; AUBURN GRACE COMMUNITY CHURCH (AUBURN, CA) — $150K for general support; ROCKHARBOR CHURCH (COSTA MESA, CA) — $50K for general support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NATIONAL CHRISTIAN CHAR FOUNDATION581493949 | ALPHARETTA, GA | $224K | GENERAL SUPPORT |
| AUBURN GRACE COMMUNITY CHURCH942842590 | AUBURN, CA | $150K | GENERAL SUPPORT |
| ROCKHARBOR CHURCH330909511 | COSTA MESA, CA | $50K | GENERAL SUPPORT |
| LIFESONG FOR ORPHANS351902841 | Gridley, IL | $23K | GENERAL SUPPORT |
| WILLIAM JESSUP UNIVERSITY941279803 | ROCKLIN, CA | $16K | SCHOLARSHIP |
| HEARTLIGHT MINISTRIES742515711 | Hallsville, TX | $16K | GENERAL SUPPORT |
Supplemental Financial Data(Tax Year 2024)
Tmg Foundation operates a donor-advised fund (DAF) program with 1 accounts.
Filing History(Tax Years 2003–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $718K | $689K | $9.1M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $642K | $654K | $9.1M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.5M | $1.1M | $9.1M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $2.9M | $368K | $8.7M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $2.5M | $152K | $6.4M |
| 2003–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Tmg Foundation do?
PROVIDE SUPPORT TO OTHER 501(C)(3) ORGANIZATIONS, PRIMARILY THOSE AIDING ORPHANS AND VULNERABLE CHILDREN THROUGHOUT THE WORLD, IN ACCORDANCE WITH THE MISSION OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION.
How much revenue does Tmg Foundation have?
Tmg Foundation reported $718,494 in total revenue for tax year 2024, up 11.9% from the prior year.
Who is the highest-paid executive at Tmg Foundation?
GARY RINGGER, PRESIDENT, received $0 in total compensation as of tax year 2024.
Is Tmg Foundation a 501(c)(3)?
Yes, Tmg Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Tmg Foundation located?
Tmg Foundation is headquartered in GRIDLEY, IL 61744.
Is Tmg Foundation audited?
No, Tmg Foundation does not currently have audited financial statements.
How much does Tmg Foundation spend on fundraising?
Tmg Foundation reported $17,865 in fundraising expenses for tax year 2024, which represents 2.6% of total expenses.
Does Tmg Foundation give grants?
Yes, Tmg Foundation distributed $485,224 in grants to other organizations and individuals in tax year 2024. Top recipients include NATIONAL CHRISTIAN CHAR FOUNDATION, AUBURN GRACE COMMUNITY CHURCH, ROCKHARBOR CHURCH.
Data Source
Prepared by: KOCH CONSULTANTS LTD, TREMONT, IL
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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