Tern Foundation INC

EIN 26-3987455 Private foundation / grantmaker Eastham, MA

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Size

$100K–1M

What they do

A private foundation based in Eastham, MA. It reported about $118K in revenue for 2025.

Leadership

Marianne Lampke · Director and President

Money in and out

$118K revenue, $267K expenses

Bottom line

—

A private foundation based in Eastham, MA. It reported about $118K in revenue for 2025. For fiscal year 2025 it reported $118K in revenue, $267K in expenses, and $2.3M in net assets.Pt I

Grants paid & assets · FY2025

Total revenue

$118K

Pt VIII · Ln 12

Total expenses

$267K

Pt IX · Ln 25

Net assets

$2.3M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$148K

Total assets

2.3M

deployed as grants and operations

Grants paid

251K

in FY2025

Grants made

43grants

total in period

Payout rate

11%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 43 grants · $251K · 2025–2025

Heritage Museum and Gardens INCFY2025$60,000

Berkshire Botanical GardensFY2025$45,132

Asociation to Preserve Cape CodFY2025$38,000

Asociation to Preserve Cape CodFY2025$23,000

Summer of Sass INCMA · FY2025$15,000

Natural Resources Defense Council (nrdc)FY2025$5,000

Massachusetts Audubon Society INCMA · FY2025$5,000

Hampshire CollegeFY2025$5,000

Coolidge Corner Theatre Foundation INCMA · FY2025$5,000

Third Sector New Englandfuture ChefsFY2025$3,500

WgbhFY2025$2,500

Wellfleet Preservation HallMA · FY2025$2,500

Wcai Cape & Islands NPR StationFY2025$2,500

Payomet Performing Arts CenterFY2025$2,500

Center for Coastal Studies INCMA · FY2025$2,500

Arts Foundation of Cape CodMA · FY2025$2,500

909 WburFY2025$2,500

Wellfleet Affordable Housing TrustFY2025$2,000

See all 43 grants →

Grantmaking Profile

Patterns in foundation giving

Distinct granteesPart XV20

Average grantPart XV$6K

Median grantPart XV$1K

Largest grantPart XV$60K

Top cause focusNTEEEnvironment (16%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF

Revenue

$118K

FY2025▲ +38%

Expenses

$267K

FY2025▲ +9%

Total assets

$2.3M

FY2025▲ +2%

Total liabilities

FY2025

Total revenue

$118K

Pt VIII · Ln 12

Total expenses

$267K

Pt IX · Ln 25

Net assets

$2.3M

Pt X · Ln 32

Total assetsPt II$2.3M

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CTern Foundation INC

EINHdr · item D26-3987455

Principal addressHdr · item CEastham, MA

WebsiteHdr · item Jwww.ternfoundation.org

State of legal domicileHdr · item MMA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFFoundations & Grantmakers (T20)

Ruling yearIRS BMFJun 2009

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Marianne Lampke

Director and President

$0Pt VII · Sec A

Elisa Linnehan

Director and Treasurer

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Investment income100%$118K

Total revenueLn 12$118K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

94%

Grants & contributions paid $0.94 Operating & administrative $0.06

Grants & contributions paid94%$251K

Operating & administrative6%$16K

Total functional expensesLn 25$267K

Balance Sheet

Part X · end of year

CashLn 1$95K

Total assetsLn 16$2.3M

Total liabilitiesLn 26$0

Total net assetsLn 32$2.3M

Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $2.3M

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $118K

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $118K

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $118K · Prior year $86K

+38%

Revenue CAGR

FY2020 $173K · FY2025 $118K

-7%

Net-asset trend (YoY)

End of year $2.3M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $118K · Expenses $267K

-126%

Liabilities-to-Assets

Total liabilities — · Total assets $2.3M

—

Net-asset ratio

Net assets $2.3M · Total assets $2.3M

100%

People & payroll

Highest Reported Total Compensation

Individual Marianne Lampke · Reported title DIRECTOR AND PRESIDENT · Highest reported compensation $0 · Total expenses $267K

Personnel share

not reported

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	38%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$118K revenue · viewing · ⤓ 990 PDF

FY2024$86K revenue · ⤓ 990 PDF

FY2023$39K revenue · ⤓ 990 PDF

FY2022$140K revenue · ⤓ 990 PDF

FY2021$204K revenue · ⤓ 990 PDF

FY2020$173K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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