Philip T Bee Charitable Trust
- Assets
- $3.4m
- Revenue
- $174.7k
- Investments
- $3.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2010
- Data as of
- 12/2022
- EIN
- 27-2006474
Organization Overview
Philip T Bee Charitable Trust is located in Dallas, TX. The organization was established in 2010. 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. Philip T Bee Charitable Trust 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, Philip T Bee Charitable Trust generated $174.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $502.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Philip T Bee Charitable Trust has awarded 341 individual grants totaling $3,130,800. 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 |
|---|---|---|---|
Jill C Bee Trustee | 0 | $40,020 | |
Ross B Bee Trustee | 0 | $31,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $62,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,207 |
| Capital Gain Net Income | $46,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,308 |
| Total Revenue | $174,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,820 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,835 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,735 |
| Total operating and administrative expenses | $120,845 |
| Contributions, gifts, grants paid | $382,000 |
| Total expenses and disbursements | $502,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,634 |
| Savings and temporary cash investments | $76,107 |
| 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 | $22,868 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,351,572 |
| Accounts payable and accrued expenses | $25,054 |
| 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 | $25,054 |
Grants Awarded
Over the last fiscal year, Philip T Bee Charitable Trust has awarded $382,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AGE OF CENTRAL TEXAS PURPOSE: TACKLING CHALLENGES OF AGING | $10,000 |
AUSTIN JAZZ WORKSHOP PURPOSE: JAZZ MUSICIANS IN PUBLIC SCHOOLS | $6,000 |
CENTER FOR MAXIMUM POTENTIAL BLDG PURPOSE: LIFE CYCLE PLANNING & DESIGN | $6,000 |
CHILDREN FIRST COUNSELING CENTER PURPOSE: END CYCLE OF FAMILY VIOLENCE | $20,000 |
CHILDREN'S HEALTH FOUNDATION PURPOSE: PET ASSISTED THERAPY | $20,000 |
CHILDREN'S HEALTH FOUNDATION PURPOSE: SUPPORT CHILDREN'S MEDICAL PROGRAMS | $10,000 |