TBC Foundation
To steward and responsibly manage the charitable assets received from the dissolution of Trinity Baptist Church and to advance charitable, religious, and community initiatives through strategic grantmaking to qualified Section 501(c)(3) organizations under the oversight of the Board of Directors.
Key facts about TBC Foundation
- EIN
- 99-5017980
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $88,500
- Grants made (2025)
- 7
- Average grant
- $12,643
- Median grant
- $10,000
- Total assets
- $2,187,738
- Primary geography
- North Carolina (70% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who TBC Foundation funds
By grant dollars, the top recipient states for TBC Foundation's 7 itemized 2025 grants were North Carolina (70%), Ohio (11%) and Tennessee (11%). None of its 7 grants with a stated purpose were described as general or operating support.
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.2M
Annual Giving
$89K
Grant Count
7
Avg Grant Size
$13K
About TBC Foundation
Based on IRS filings
TBC Foundation is a nonprofit organization, based in Durham, NC. IRS filing data is available for 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 7 grants totaling $89K. Net investment income was $60K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 |
|---|---|
| Total Assets | $2,187,738 |
| Revenue | $2,314,375 |
| Expenses | $134,984 |
| Qualifying Distributions | — |
| Net Investment Income | $59,643 |
| Distributable Amount | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Every Man a Warrior ($20,000), TWR ($17,000), Gospel of God Ministries ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Every Man a Warrior Cameron, NC | Kenya Prison Ministry / Documentary | $20,000 |
| TWR Cary, NC | Fund Evangelical Resources | $17,000 |
| Gospel of God Ministries Wake Forest, NC | NC Sate Fair Event | $15,000 |
| Arch Ministries Mentor, OH | Fund Church Plant Replant Meetings | $10,000 |
| BIMI Harrison, TN | Printing of New Song Books | $10,000 |
| Camps Abroad Brevard, NC | Fund Kenya Camp Trip | $10,000 |
| Gospel Fellowship Association Greenville, SC | Missionary Support | $6,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Bowers | Trustee | 3 | — |
| Lucas Beaver | Trustee | 3 | — |
| Todd King | Trustee | 3 | — |
| Michael Kennon | President | 3 | — |
Frequently Asked Questions
How large is TBC Foundation?
As of 2025, TBC Foundation holds $2.2M in total assets with $2.3M in annual revenue. It awarded 7 grants totaling $89K in 2025.
Where does TBC Foundation operate?
TBC Foundation has awarded grants in North Carolina, Ohio, South Carolina, Tennessee.
What size grants does TBC Foundation award?
In 2025, TBC Foundation awarded 7 grants totaling $89K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is TBC Foundation's EIN?
TBC Foundation's EIN (Employer Identification Number) is 99-5017980. IRS Form 990 filing data is available on this page for 2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.