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Tesson Foundation EIN 72-1285110 Form 990 (PDF) Claim this org

Tesson Foundation FY2023 filing

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A private foundation based in Metairie, LA. For fiscal year 2023 it reported $-44K in revenue, $118K in expenses, and $2.3M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Metairie, LA
Filings
6 on file (2020–2023)
Revenue
$-44KFY2023
Expenses
$118K
Net assets
$2.3M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  72-1285110 Private foundation / grantmaker Metairie, LA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Metairie, LA.
Money in and out
$-44K revenue, $118K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$-44K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$162K
Total assets
2.3M
deployed as grants and operations
Grants paid
105K
in FY2023
Grants made
32grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 32 grants · $188K · 2024–2024
The Stem LibraryFY2024$95,000
University of Southern MississippiFY2024$25,275
St Mary's AcademyFY2024$20,000
Archbishop Hannan High SchoolFY2024$10,260
18th WardLA · FY2024$10,000
Second HarvestFY2024$5,500
Covenant House New OrleansLA · FY2024$5,200
Tulane ResearchFY2024$5,000
St Paul's Catholic SchoolFY2024$5,000
Mercy Homes for Boys GirlsFY2024$1,000
Special Olympics INCDC · FY2024$1,000
Salvation ArmyFY2024$500
Bridge HouseFY2024$500
St Jude'sFY2024$300
United Service OrganizationsFY2024$250
Habitat for HumanityFY2024$250
Sloan Kettering Cancer CenterFY2024$250
Shriners Childrens HospitalFY2024$200
See all 32 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$6K
Median grantPart XV$250
Largest grantPart XV$95K
Top cause focusNTEERecreation & Sports (6%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$-44K
FY2023▼ -163%
Expenses
$118K
FY2023▼ -3%
Total assets
$2.3M
FY2023▲ +1%
Total liabilities
$0
FY2023
Total revenue
$-44K
Pt VIII · Ln 12
Total expenses
$118K
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 CTesson Foundation
EINHdr · item D72-1285110
Principal addressHdr · item CMetairie, LA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFMar 1996

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
Officers, directors & key employeesPt VII · Sec ANot reported
See Tesson Foundation executive salaries →

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.89 Operating & administrative $0.11
Grants & contributions paid89%$105K
Operating & administrative11%$13K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$82K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-44K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-44K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-44K · Prior year $69K
-163%
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 $-44K · Expenses $118K
—
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 — · Reported title — · Highest reported compensation — · Total expenses $118K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -163%——

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)$121K revenue · ⤓ 990 PDF
FY2024$98K revenue · ⤓ 990 PDF
FY2023$-44K revenue · viewing · ⤓ 990 PDF
FY2022$69K revenue · ⤓ 990 PDF
FY2021$253K revenue · ⤓ 990 PDF
FY2020$273K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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