10-1 Foundation Inc
10-1 Foundation Inc is a private foundation based in Thomasville, Georgia. The organization is classified as a 501(c)(3) charitable organization and has been tax-exempt since April 2006.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
-0.2% YoY
Annual Giving
$559K
-9.1% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$35K
+2.3% YoY
Under IRS private-foundation payout rules, 10-1 Foundation Inc reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications.
Grant Range
$11,000
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Geographic Focus
Where this funder awards grants
The foundation is based in Thomasville, Georgia and operates within Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $4.1 million (2023)
- Total assets: $3.7 million (2022)
- Total revenue: $1.05 million (2023)
- Total expenses: $627,000 (2023)
- Total liabilities: $0 (2023)
- Giving rate: 14.9% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,114,576 | $4,122,817 | $3,700,263 |
| Revenue | $585,171 | $1,049,763 | $2,097,843 |
| Expenses | $593,412 | $627,209 | $395,206 |
| Qualifying Distributions | $559,234 | $615,280 | $363,899 |
| Net Investment Income | $85,546 | $38,710 | $20,325 |
| Distributable Amount | $171,233 | $144,807 | $72,454 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Frontier Fellowship ($150,000), Friends With Jesus Inc ($90,000), Chapel at the Beach ($85,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARCHBOLD FOUNDATION THOMASVILLE, GA | GENERAL OPERATING FUND | $1,000 |
| CHAPEL AT THE BEACH ROSEMARY BEACH, FL | GENERAL OPERATING FUND | $85,000 |
| FRIENDS WITH JESUS INC BAINBRIDGE, GA | GENERAL OPERATING FUND | $90,000 |
| FRONTIER FELLOWSHIP RICHFIELD, MN | GENERAL OPERATING FUND | $150,000 |
| HEALING FOR THE NATIONS MARIETTA, GA | GENERAL OPERATING FUND | $32,000 |
| INTERNATIONAL PROSTATE CANCER FND WINTER PARK, FL | GENERAL OPERATING FUND | $15,000 |
| JOSHUA'S PROMISE THOMASVILLE, GA | GENERAL OPERATING FUND | $3,000 |
| LIFE 2 LIFE ATLANTA, GA | GENERAL OPERATING FUND | $15,000 |
| MESSIAH FOR ISRAEL MINISTRIES WOODSTOCK, GA | GENERAL OPERATING FUND | $25,000 |
| NEXT LEVEL TRAINING AND DEVELOPMENT THOMASVILLE, GA | GENERAL OPERATING FUND | $28,734 |
Leadership & Key People
Leadership team and compensation from IRS filings
T Cole Forsyth is listed as the in-care-of contact for correspondence.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A GRIMSLEY | PRESIDENT | — | — |
| T COLE FORSYTH | VICE PRESIDE | — | — |
| BROOKE B FORSYTH | VICE PRESIDE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from 10-1 Foundation Inc?
The foundation operates on an invite-only basis and does not accept unsolicited applications. **Grant Activity:** • Annual giving: $614,130 (2023) • Number of grants: 16 (2023) • Median grant size: $11,000 • Grant range: $1,000 - $225,000 **Historical Giving:** • 2023: $614,130 in grants across 16 awards • 2022: $361,000 in grants across 16 awards **Known Grantees:** • Goal Line Ministries received $50,000 in 2023 for general operating fund support
Where does 10-1 Foundation Inc make grants?
The foundation is based in Thomasville, Georgia and operates within Georgia.
What size grants does 10-1 Foundation Inc award?
In 2024, 10-1 Foundation Inc awarded 16 grants totaling $559K — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is 10-1 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 10-1 Foundation Inc reported a distributable amount of $171K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 10-1 Foundation Inc's EIN?
10-1 Foundation Inc's EIN (Employer Identification Number) is 59-3789335. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in 10-1 Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.