Tommy B And Lucille Jackson Slaughter Foundation 2
- Assets
- $2.1m
- Revenue
- $158.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 09/2005
- Data as of
- 05/2024
- EIN
- 20-3114793
Organization Overview
Tommy B And Lucille Jackson Slaughter Foundation 2 is located in Marshall, TX. The organization was established in 2005. 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. Tommy B And Lucille Jackson Slaughter Foundation 2 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 05/2024, Tommy B And Lucille Jackson Slaughter Foundation 2 generated $158.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $218.3k during the year ending 05/2024. While expenses have increased by 0.2% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS A&M FOUNDATION COLLEGE STATION TEXAS QUALIFIED SCHOLARSHIPS FOR STUDENTS WHO ARE STUDYING FORESTRY SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Black President | 1 | $0 | |
Cary M Abney Sec Treas | 5 | $19,894 | |
Rodney Gilstrap Atty VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,841 |
| Capital Gain Net Income | $49,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,807 |
| Total Revenue | $158,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,002 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,730 |
| Total operating and administrative expenses | $55,626 |
| Contributions, gifts, grants paid | $162,709 |
| Total expenses and disbursements | $218,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,517 |
| Savings and temporary cash investments | $141,458 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $291,038 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,929 |
| Total assets | $2,069,712 |
| 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 |