Minnie B Hedrick Trust
- Assets
- $2.7m
- Revenue
- $98.3k
- Investments
- $2.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1958
- Data as of
- 12/2023
- EIN
- 44-6008725
Organization Overview
Minnie B Hedrick Trust is located in Dallas, TX. The organization was established in 1958. 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. Minnie B Hedrick 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 12/2023, Minnie B Hedrick Trust generated $98.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $170.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Minnie B Hedrick Trust has awarded 21 individual grants totaling $931,250. 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 |
|---|---|---|---|
Bank Of America Trustee | 1 | $26,969 | |
Barbara Lame Committee Member | 1 | $0 | |
Jim Staton Committee Member | 1 | $0 | |
Mike Turner Committee Member | 1 | $0 | |
Bill Hayen Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,635 |
| Capital Gain Net Income | $18,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,264 |
| Total Revenue | $98,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,969 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,538 |
| Total operating and administrative expenses | $39,621 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $170,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,185 |
| 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 | $2,656,356 |
| 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, Minnie B Hedrick Trust has awarded $131,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIVINGSTON COUNTY VETERANS ASSOCIATION PURPOSE: NEW VETERANS BUILDING | $1,000 |
CHILLICOTHE CEMETERY ASSN PURPOSE: CAPITAL PROJECTS | $25,000 |
CHILLICOTHE R-II SCHOOL DISTRICT PURPOSE: GRANT FOR CONSTRUCTION OF | $100,000 |
CHILLICOTHE WRESTLING CLUB INC PURPOSE: FACILITY EXPANSION | $5,000 |