John R Selman And Maggie B Selman Charitable Tr
- Assets
- $9.8m
- Revenue
- $520.6k
- Investments
- $9.5m
- Employees
- 0
- Location
- Sealy, TX
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 47-6448155
Organization Overview
John R Selman And Maggie B Selman Charitable Tr is located in Sealy, TX. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. John R Selman And Maggie B Selman Charitable 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 07/2022, John R Selman And Maggie B Selman Charitable Tr generated $520.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $535.6k during the year ending 07/2022. While expenses have increased by 2.2% per year over the past 3 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 2022, John R Selman And Maggie B Selman Charitable Tr has awarded 41 individual grants totaling $413,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN R. SELMAN AND MAGGIE B. SELMAN CHARITABLE TRUST HAS BEEN CREATED TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES, EDUCATION ACTIVITIES AND SIMILAR ACTIVITIES IN AND AROUND THE GENERAL AREAS OF SEALY, TX, PROVIDED THAT THESE ORGANIZATIONS ARE THE TYPES OF ORGANIZATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, AND WHICH ARE DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(C) AND INTERNAL REVENUE CODE SECTION 2055(A)(1),(2) AND (3). EXAMPLES OF ORGANIZATIONS ARE LISTED IN THE PURPOSE CLAUSE OF THE TRUST DOCUMENT AND INCLUDE PUBLIC SCHOOLS, PARKS, LIBRARIES, RECREATION FACILITIES, FIRE DEPARTMENTS, EMERGENCY MEDICAL SERVICES, SOCIAL SERVICE ORGANIZATIONS, ANIMAL RESCUE FACILITIES AND EDUCATIONAL FACILITIES. IT IS INTENDED THAT THE JOHN R. SELMAN AND MAGGIE B. SELMAN CHARITABLE TRUST MAKE INVESTMENTS AND USE THE PRINCIPAL AND INTEREST TO MAKE ANNUAL DISBURSEMENTS TO QUALIFIED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Zapalac Co-Trustee | 1 | $30,830 | |
Ryan Svoboda Co-Trustee | 1 | $30,830 | |
Gary Pless Co-Trustee | 1 | $25,692 | |
Melvyn Levine Co-Trustee | 1 | $5,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,861 |
| Dividends & Interest | $322,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $155,291 |
| Capital Gain Net Income | $155,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $520,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,491 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,602 |
| Total operating and administrative expenses | $122,598 |
| Contributions, gifts, grants paid | $413,000 |
| Total expenses and disbursements | $535,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,448 |
| Savings and temporary cash investments | $116,251 |
| 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 | $752,951 |
| Investments—other | $50,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,801,919 |
| 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, John R Selman And Maggie B Selman Charitable Tr has awarded $413,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
GORDON MEMORIAL LIBRARY - DONATION (CK 1221) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $75,000 |
SELMAN ELEMENTARY SCHOOL ACTIVITY FUND - DONATION (CK 1218) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $52,500 |
SEALY MINISTERIAL ALLIANCE - BUILDING IMPROVEMENT DONATION (CK 1223) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $50,000 |
SEALY ISD - PROJECT LEAD THE WAY - DONATION (CK 1219) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $23,000 |
FIRST UNITED METHODIST CHURCH - DONATION (CK 1222) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $21,500 |
HOA OF AUSTIN COUNTY - MEALS ON WHEELS - DONATION (CK 1217) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |