J Lee Stansbury Tr
- Assets
- $3.4m
- Revenue
- $537.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Rockwall, TX
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 27-7085291
Organization Overview
J Lee Stansbury Tr is located in Rockwall, TX. The organization was established in 2013. 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. J Lee Stansbury Tr 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 12/2021, J Lee Stansbury Tr generated $537.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $631.7k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 6 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.
Since 2015, J Lee Stansbury Tr has awarded 242 individual grants totaling $877,528. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM. THIS PROGRAM PROVIDES ASSISTANCE TO QUALIFIED STUDENTS IN SECURING A COLLEGE EDUCATION AT A COLLEGE OR UNIVERSITY QUALIFING AS A 501 (C)(3) EXEMPT EDUCATIONAL OR CHARITABLE ORGANIZATION. DIRECT EXPENSES RELATE TO SUCH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry N Stansbury Trustee | 20 | $60,000 | |
Beth Denison Trustee | 1 | $10,000 | |
Shannon Guthrie Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,920 |
| Dividends & Interest | $32,475 |
| Net Rental Income | -$63,150 |
| Net Gain on Sale of Assets | $130,579 |
| Capital Gain Net Income | $130,579 |
| Net ST Capital Gain | $30,581 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,646 |
| Total Revenue | $537,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $78,655 |
| Occupancy | $11,077 |
| Travel, conferences, and meetings | $5,124 |
| Printing and publications | $0 |
| Other expenses | $291,373 |
| Total operating and administrative expenses | $497,986 |
| Contributions, gifts, grants paid | $133,700 |
| Total expenses and disbursements | $631,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,374 |
| Savings and temporary cash investments | $36,649 |
| 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 | $1,369,565 |
| Investments—mortgage loans | $532,289 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,439,895 |
| 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 | $40,050 |
| Total liabilities | $40,050 |
Grants Awarded
Over the last fiscal year, J Lee Stansbury Tr has awarded $142,441 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DBU PURPOSE: EDUCATION | $3,500 |
DBU PURPOSE: EDUCATION | $1,500 |
DBU PURPOSE: EDUCATION | $3,500 |
DBU PURPOSE: EDUCATION | $3,000 |
DBU PURPOSE: EDUCATION | $4,000 |
DBU PURPOSE: EDUCATION | $8,241 |