Harold & Irene Strauss Foundation
- Assets
- $1.1m
- Revenue
- $64.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 20-1645282
Organization Overview
Harold & Irene Strauss Foundation is located in Wichita Falls, TX. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Harold & Irene Strauss 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 06/2023, Harold & Irene Strauss Foundation generated $64.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $83.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Harold & Irene Strauss Foundation has awarded 20 individual grants totaling $172,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas C Armstrong Pres/director | 0.4 | $0 | |
Robert W Goff Jr Sec/director | 0.1 | $0 | |
Shannon R Rutledge Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70 |
| Dividends & Interest | $57,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,219 |
| Capital Gain Net Income | $7,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,586 |
| Contributions, gifts, grants paid | $63,000 |
| Total expenses and disbursements | $83,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,157 |
| Savings and temporary cash investments | $8,258 |
| 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 | $703 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,091,999 |
| 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, Harold & Irene Strauss Foundation has awarded $63,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GILRS CLUB PURPOSE: GREAT FUTURES | $37,150 |
CAMP FIRE NORTH TEXAS PURPOSE: FEE ASSISTANCE | $3,960 |
NORTHWEST TEXAS COUNCIL BSA PURPOSE: FRIENDS OF SCOUTING | $3,630 |
PRESBYTERIAN MANOR PURPOSE: GOOD SAMARITAN | $3,300 |
THE ARC OF WICHITA FALLS PURPOSE: SOCIAL ACTIVITIES PROGRAM | $3,960 |
WICHITA FALLS ALLIANCE FOR ARTS AND CULTURE PURPOSE: SUMMER CAMPS | $7,700 |