William Bingham 2nd Betterment Fund 307779-80 Nect Uw
- Assets
- $18.4m
- Revenue
- $2.3m
- Investments
- $16.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 13-6072625
Organization Overview
William Bingham 2nd Betterment Fund 307779-80 Nect Uw is located in Dallas, TX. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Bingham 2nd Betterment Fund 307779-80 Nect Uw is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William Bingham 2nd Betterment Fund 307779-80 Nect Uw generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Ttee | 1 | $191,477 | |
William P Clough Co-Ttee | 8 | $41,607 | |
Carol Berg Geist Co-Ttee | 12 | $48,949 | |
Carolyn S Wollen Co-Ttee | 13 | $48,949 | |
Andrew L Tansey Co-Ttee | 6 | $48,949 | |
Martin Grohman Co-Ttee | 21 | $48,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $754,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,524,162 |
| Capital Gain Net Income | $1,524,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,650 |
| Total Revenue | $2,327,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $477,829 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,484 |
| Total operating and administrative expenses | $589,283 |
| Contributions, gifts, grants paid | $2,759,160 |
| Total expenses and disbursements | $3,348,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,347,819 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $510,380 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $223,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,439,351 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |