Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc
- Assets
- $4.0m
- Revenue
- $50.5k
- Investments
- $4.0m
- Employees
- 0
- Location
- Elgin, TX
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 68-0595061
Organization Overview
Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc is located in Elgin, TX. The organization was established in 2006. 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. Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc 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, Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $244.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc has awarded 113 individual grants totaling $2,216,500. 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 |
|---|---|---|---|
Rev Glenn E Huebel President | 0 | $0 | |
Rev Jerome Teichmiller Vice President | 0 | $0 | |
Rev James Woelmer Secretary | 0 | $0 | |
Hans Van Dyke Director | 0 | $0 | |
Rev Carl Roth Treasurer | 0 | $0 | |
Rev Ryan Ogrodowicz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $120,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,887 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,489 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,344 |
| Printing and publications | $0 |
| Other expenses | $38,221 |
| Total operating and administrative expenses | $44,654 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $244,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,584 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,961,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,049,658 |
| 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, Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc has awarded $200,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ARABIC LUTHERAN MINISTRY PURPOSE: HELP SUPPORT MINISTRY | $15,000 |
CONSORTIUM FOR CLASSICAL LUTHERAN EDUCATION PURPOSE: HELP SUPPORT MINISTRY | $20,000 |
EPIPHANY LUTHERAN CHURCH PURPOSE: HELP SUPPORT MINISTRY | $30,000 |
EVANGELICAL MISSION SOCIETY FOR CHINESE (ELMSC) PURPOSE: HELP SUPPORT MINISTRY | $3,000 |
LUTHER ACADEMY PURPOSE: HELP SUPPORT MINISTRY | $30,000 |
LUTHER CLASSICAL COLLEGE PURPOSE: HELP SUPPORT MINISTRY | $10,000 |