Collins & Thelma Posey Fdn 0291369
- Assets
- $3.0m
- Revenue
- $113.2k
- Investments
- $2.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2010
- Data as of
- 02/2024
- EIN
- 43-6793208
Organization Overview
Collins & Thelma Posey Fdn 0291369 is located in Dallas, TX. The organization was established in 2010. 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. Collins & Thelma Posey Fdn 0291369 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 02/2024, Collins & Thelma Posey Fdn 0291369 generated $113.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $172.1k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Collins & Thelma Posey Fdn 0291369 has awarded 24 individual grants totaling $870,700. 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
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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,742 |
| Capital Gain Net Income | $25,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,429 |
| Total Revenue | $113,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,803 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,730 |
| Total operating and administrative expenses | $47,237 |
| Contributions, gifts, grants paid | $124,868 |
| Total expenses and disbursements | $172,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,243 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,972,417 |
| 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, Collins & Thelma Posey Fdn 0291369 has awarded $124,868 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WOLCOTT FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $31,217 |
SPERO FAMILY SERVICES PURPOSE: UNRESTRICTED GENERAL | $31,217 |
ILLINOIS SCOTTISH RITE SCHOLARSH PURPOSE: UNRESTRICTED GENERAL | $31,217 |
KNIGHTS TEMPLAR EDUCATION FDN PURPOSE: UNRESTRICTED GENERAL | $31,217 |