Richard W George Jr Charitable Foundation
- Assets
- $8.6m
- Revenue
- $561.2k
- Investments
- $8.4m
- Employees
- 0
- Location
- Henderson, TX
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 16-6565730
Organization Overview
Richard W George Jr Charitable Foundation is located in Henderson, TX. The organization was established in 2008. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Richard W George Jr Charitable Foundation 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, Richard W George Jr Charitable Foundation generated $561.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $666.3k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MONIES FOR TAX EXEMPT ORGANIZATIONS; FIRST BAPTIST CHURCH OF CORSICANA, TX AND BAYLOR UNIVERSITY, WACO, TX
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $259,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $211,889 |
| Capital Gain Net Income | $211,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $28,559 |
| Other Income | $61,503 |
| Total Revenue | $561,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,489 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,143 |
| Total operating and administrative expenses | $94,733 |
| Contributions, gifts, grants paid | $571,560 |
| Total expenses and disbursements | $666,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,319 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,700 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,638,981 |
| 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 |
Grants Awarded
Over the last fiscal year, Richard W George Jr Charitable Foundation has awarded $515,880 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY PURPOSE: CHARITABLE OPERATIONS | $257,940 |
FIRST BAPTIST CHURCH PURPOSE: CHARITABLE OPERATIONS | $257,940 |