Ret-Kat Foundation
- Assets
- $2.1m
- Revenue
- $900.4k
- Investments
- $802.1k
- Employees
- 0
- Location
- Waco, TX
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 45-0520843
Organization Overview
Ret-Kat Foundation is located in Waco, TX. The organization was established in 2004. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Ret-Kat Foundation 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, Ret-Kat Foundation generated $900.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 73.3% each year . All expenses for the organization totaled $144.6k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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 2014, Ret-Kat Foundation has awarded 40 individual grants totaling $211,233. 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
OPERATION OF A BUILDING FOR CHARITIES TO USE FOR OFFICES, CONFERENCES, TRAINING AND OTHER ACTIVITIES RELATED TO THEIR EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Tunmire Director | 1 | $7,464 | |
Kathryn A Tunmire Director | 1 | $0 | |
Janice Neckar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,070 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $834,802 |
| Capital Gain Net Income | $834,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,800 |
| Total Revenue | $900,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,464 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13,016 |
| Taxes | $0 |
| Depreciation | $28,428 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,903 |
| Total operating and administrative expenses | $89,551 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $144,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,055 |
| Savings and temporary cash investments | $0 |
| 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 | $1,119,744 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,093,924 |
| 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 | $300,449 |
| Total liabilities | $300,449 |
Grants Awarded
Over the last fiscal year, Ret-Kat Foundation has awarded $55,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE FOUNDATION PURPOSE: GENERAL FUND | $25,000 |
CATHOLIC CHARITIES PURPOSE: GENERAL FUND | $25,000 |
FAMILY ABUSE CENTER PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |