Bonnie L Korlick Private Charitable Foundation
- Assets
- $2.3m
- Revenue
- $134.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Las Cruces, NM
- Founding
- 11/2007
- Data as of
- 12/2019
- EIN
- 20-5949020
Organization Overview
Bonnie L Korlick Private Charitable Foundation is located in Las Cruces, NM. The organization was established in 2007. 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. Bonnie L Korlick Private 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.
Since 2015, Bonnie L Korlick Private Charitable Foundation has awarded 51 individual grants totaling $478,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
BONNIE KORLICK PASSED AWAY IN FEBRUARY 2014, ALL OF HER ASSETS ARE TO BE TRANSFERRED TO THE FOUNDATION. HER WISHES WERE THAT THE FOUNDATION PROVIDE ASSISTANCE TO LOCAL SOUTHERN NEW MEXICO AREA 501(C)3 CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Ebbs President | 0 | $0 | |
Charles Roberts Treasurer | 0 | $0 | |
Marshall Daw Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $782 |
| Dividends & Interest | $75,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,483 |
| Capital Gain Net Income | $8,233 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,175 |
| Contributions, gifts, grants paid | $155,800 |
| Total expenses and disbursements | $182,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $222,341 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,483,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,250,444 |
| 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, Bonnie L Korlick Private Charitable Foundation has awarded $155,800 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Las Cruces, NM PURPOSE: FEEDING THOSE IN NEED | $28,500 |
LAS CRUCESGOSPEL RESCUE MISSION PURPOSE: SHELTER FOR THE HOMELESS | $22,300 |
Las Cruces, NM PURPOSE: SUPPORT FOR LOCAL BOY AND GIRLS | $20,000 |
Las Cruces, NM PURPOSE: SUPPORT END OF LIFE CARE | $20,000 |
Las Cruces, NM PURPOSE: EMERGENCY FOOD PROGRAM | $20,000 |
SOUTHERN NM DIABETES OUTREACH PURPOSE: DIABETES EDUCATION IN DONA ANA CO | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |