Charles M & Joan Taylor Foundation Inc
- Assets
- $21.7m
- Revenue
- $1.8m
- Investments
- $21.3m
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 71-0799820
Organization Overview
Charles M & Joan Taylor Foundation Inc is located in Fort Smith, AR. The organization was established in 1997. 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. Charles M & Joan Taylor Foundation 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 12/2021, Charles M & Joan Taylor Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charles M & Joan Taylor Foundation Inc has awarded 121 individual grants totaling $11,062,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah B Hopkins Vice President | 1 | $0 | |
Julia J Taylor President/treasurer | 1 | $0 | |
Elizabeth Dabney Brown Vice President | 1 | $0 | |
Mary-Alice Michaels Director | 1 | $0 | |
Hanna Goss Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $550,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,292,761 |
| Capital Gain Net Income | $1,292,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,843,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $25,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,825 |
| Total operating and administrative expenses | $165,503 |
| Contributions, gifts, grants paid | $2,005,000 |
| Total expenses and disbursements | $2,170,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $345,266 |
| Net Accounts receivable | $100,000 |
| 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 | $9,006 |
| Total assets | $21,709,998 |
| Accounts payable and accrued expenses | $1,742 |
| 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 | $1,742 |
Grants Awarded
Over the last fiscal year, Charles M & Joan Taylor Foundation Inc has awarded $2,005,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Rosa, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $250,000 |
Miami, FL PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $225,000 |
WINGS OF MERCY INC PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $150,000 |
CHRIST EPISCOPAL CHURCH PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $100,000 |
ARKANSAS PBS FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $100,000 |
Little Rock, AR PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |