Trull Foundation
- Assets
- $24.1m
- Revenue
- $554.8k
- Investments
- $22.8m
- Employees
- 0
- Location
- Palacios, TX
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 23-7423943
Organization Overview
Trull Foundation is located in Palacios, TX. The organization was established in 1969. 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. Trull 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, Trull Foundation generated $554.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Trull Chairman | 0 | $73,649 | |
Sarah H Olfers Trustee | 0 | $0 | |
Cara P Herlin Vice-Chair | 0 | $0 | |
Kristan Olfers Trustee | 0 | $0 | |
Craig Wallis Trustee | 0 | $0 | |
Nellie C Lee Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $275 |
| Dividends & Interest | $497,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,349 |
| Capital Gain Net Income | $304,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,784 |
| Total Revenue | $554,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,649 |
| Other employee salaries and wages | $35,031 |
| Pension plans, employee benefits | $52,454 |
| Interest | $0 |
| Taxes | $33,720 |
| Depreciation | $3,693 |
| Occupancy | $7,578 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223,918 |
| Total operating and administrative expenses | $564,244 |
| Contributions, gifts, grants paid | $1,865,650 |
| Total expenses and disbursements | $2,429,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,385 |
| Savings and temporary cash investments | $312,008 |
| 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 | $596,445 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,867,841 |
| Net Land, buildings, and equipment | $58,544 |
| Other assets | $96,364 |
| Total assets | $24,118,804 |
| 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 |