Richard Gwathmey And Caroline T Gwathmey Memorial Trust
- Assets
- $13.2m
- Revenue
- $478.8k
- Investments
- $12.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/1982
- Data as of
- 06/2024
- EIN
- 54-6191586
Organization Overview
Richard Gwathmey And Caroline T Gwathmey Memorial Trust is located in Dallas, TX. The organization was established in 1982. 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. Richard Gwathmey And Caroline T Gwathmey Memorial 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 06/2024, Richard Gwathmey And Caroline T Gwathmey Memorial Trust generated $478.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $920.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Richard Gwathmey And Caroline T Gwathmey Memorial Trust has awarded 120 individual grants totaling $2,857,190. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $131,400 | |
Dr Richard B Brandt Consultant | 20 | $0 | |
Va Academy Of Science-Comm Member Alloc Committee | 0 | $0 | |
Medical Society Of Va-Comm Member Alloc Committee | 0 | $0 | |
Bank Of America Tr David Yarter Alloc Committee | 0 | $0 | |
Sarah Kay Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $389,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,607 |
| Capital Gain Net Income | $89,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,618 |
| Total operating and administrative expenses | $220,250 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $920,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $705,003 |
| 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 | $13,225,645 |
| 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, Richard Gwathmey And Caroline T Gwathmey Memorial Trust has awarded $700,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZEMENT SQUARE PURPOSE: UNRESTRICTED GENERAL | $15,000 |
ASPIRE AFTER SCHOOL LEARNING PURPOSE: UNRESTRICTED GENERAL | $35,000 |
YOUTH LIFE FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $20,000 |
VIRGINIA KIDS BELONG PURPOSE: UNRESTRICTED GENERAL | $21,000 |
VIRGINIA WESTERN COMMUNITY COLL PURPOSE: UNRESTRICTED GENERAL | $30,000 |
VALENTINE MUSEUM PURPOSE: UNRESTRICTED GENERAL | $30,000 |