A Montgomery Ward Foundation 32 48652-4
- Assets
- $14.3m
- Revenue
- $494.0k
- Investments
- $12.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1960
- Data as of
- 06/2024
- EIN
- 36-2417437
Organization Overview
A Montgomery Ward Foundation 32 48652-4 is located in Dallas, TX. The organization was established in 1960. 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. A Montgomery Ward Foundation 32 48652-4 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 06/2024, A Montgomery Ward Foundation 32 48652-4 generated $494.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $965.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, A Montgomery Ward Foundation 32 48652-4 has awarded 288 individual grants totaling $3,434,492. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPPLICABLE
THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS.NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $116,754 | |
Jack Hutchings Co-Trustee | 4 | $56,442 | |
Richard Oloffson Co-Trustee | 4 | $56,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $447,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,966 |
| Capital Gain Net Income | $45,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $229 |
| Total Revenue | $494,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,638 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $271 |
| Total operating and administrative expenses | $293,351 |
| Contributions, gifts, grants paid | $672,534 |
| Total expenses and disbursements | $965,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $730,187 |
| 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 | $2,210,193 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,223,125 |
| Total assets | $14,327,674 |
| 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, A Montgomery Ward Foundation 32 48652-4 has awarded $672,534 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S PLACE ASSOCIATION PURPOSE: CHILDHOOD CARE AND LEARNING | $10,000 |
HOUSING OPPORTUNITIES & MAINTENANCE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
KALEIDOSCOPE PURPOSE: UNRESTRICTED GENERAL | $10,000 |
HARRIS THEATE PURPOSE: FAMILY SERIES | $10,000 |
AMERICAN BLUES THEATER PURPOSE: UNRESTRICTED GENERAL | $10,000 |
REGINA DOMINICAN HIGH SCHOOL PURPOSE: VALVE REPLACEMENT PROJECT | $25,844 |