Edward B Timmons Jr Charitable Tr
- Assets
- $2.3m
- Revenue
- $147.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1993
- Data as of
- 08/2024
- EIN
- 57-6137580
Organization Overview
Edward B Timmons Jr Charitable Tr is located in Dallas, TX. The organization was established in 1993. 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. Edward B Timmons Jr 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 08/2024, Edward B Timmons Jr Charitable Tr generated $147.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $178.5k during the year ending 08/2024. While expenses have increased by 1.0% per year over the past 5 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 2020, Edward B Timmons Jr Charitable Tr has awarded 30 individual grants totaling $671,260. 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 N A Co-Trustee | 1 | $31,241 | |
Michael W Lowrance Co-Trustee | 20 | $10,309 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,124 |
| Capital Gain Net Income | $76,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,788 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,725 |
| Contributions, gifts, grants paid | $129,792 |
| Total expenses and disbursements | $178,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,547 |
| 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 | $2,322,911 |
| 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, Edward B Timmons Jr Charitable Tr has awarded $129,792 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $32,448 |
FURMAN UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $32,448 |
SISTERCARE INC PURPOSE: UNRESTRICTED GENERAL | $12,448 |
DICKERSON CHILDRENS ADVOCACY CENTER PURPOSE: UNRESTRICTED GENERAL | $10,000 |
PALMETTO PLACE CHILDREN'S SHELTER PURPOSE: UNRESTRICTED GENERAL | $10,000 |
HUMANE SOCIETY FOR THE PURPOSE: UNRESTRICTED GENERAL | $32,448 |