Valentine Charitable Trust
- Assets
- $603.5k
- Revenue
- $29.4k
- Investments
- $584.3k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 73-6292034
Organization Overview
Valentine Charitable Trust is located in Oklahoma City, OK. The organization was established in 1996. 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. Valentine Charitable 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 12/2023, Valentine Charitable Trust generated $29.4k 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 (4.7%) each year. All expenses for the organization totaled $21.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Valentine Charitable Trust has awarded 72 individual grants totaling $281,610. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,164 |
| Capital Gain Net Income | $9,164 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,711 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,383 |
| Contributions, gifts, grants paid | $5,250 |
| Total expenses and disbursements | $21,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $19,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $603,492 |
| 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 | $3,738 |
| Total liabilities | $3,738 |
Grants Awarded
Over the last fiscal year, Valentine Charitable Trust has awarded $5,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: GENERAL FUND | $500 |
FIELDS & FUTURES PURPOSE: GENERAL FUND | $3,500 |
REMERGE PURPOSE: GENERAL FUND | $250 |
WES WELKER FOUNDATION PURPOSE: GENERAL FUND | $1,000 |