Scurlock Foundation
- Assets
- $35.4m
- Revenue
- $2.6m
- Investments
- $33.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1961
- Data as of
- 12/2022
- EIN
- 74-1488953
Organization Overview
Scurlock Foundation is located in Houston, TX. The organization was established in 1961. 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. Scurlock Foundation 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 12/2022, Scurlock Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Scurlock Foundation has awarded 471 individual grants totaling $10,425,203. 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 |
|---|---|---|---|
Eddy Blanton Pres/asst. Sec. | 2 | $0 | |
Jack Blanton Jr Vp/asst. Sec. | 2 | $0 | |
Elizabeth Wareing Vp/sec. | 2 | $0 | |
Licia Cosgrove Treas/asst. Sec | 8 | $65,245 | |
Kathy Munger Executive Dir | 33 | $53,000 | |
Julie Wareing Aldrich Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,920 |
| Dividends & Interest | $383,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,430,218 |
| Capital Gain Net Income | $1,402,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $726,332 |
| Total Revenue | $2,567,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,245 |
| Other employee salaries and wages | $38,682 |
| Pension plans, employee benefits | $27,040 |
| Interest | $1,281 |
| Taxes | $58,906 |
| Depreciation | $0 |
| Occupancy | $119,629 |
| Travel, conferences, and meetings | $831 |
| Printing and publications | $0 |
| Other expenses | $163,379 |
| Total operating and administrative expenses | $641,645 |
| Contributions, gifts, grants paid | $2,263,558 |
| Total expenses and disbursements | $2,905,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,205,884 |
| Net Accounts receivable | $128 |
| 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 | $9,974 |
| Net Investments - land, buildings, equipment | $18,161 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,693,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,444,464 |
| Accounts payable and accrued expenses | $15,864 |
| 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 | $15,864 |
Grants Awarded
Over the last fiscal year, Scurlock Foundation has awarded $2,263,558 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
AD PLAYERS PURPOSE: GENERAL SUPPORT | $5,000 |
AGAPE DEVELOPMENT MINISTRIES PURPOSE: CAPITAL PROJECT AND GENERAL SUPPORT | $107,000 |
ARROW CHILD & FAMILY MINISTRIES PURPOSE: GENERAL SUPPORT | $50,000 |
AMAZIMA MINISTRIES PURPOSE: GENERAL SUPPORT | $3,000 |
AMAZING PLACE PURPOSE: GENERAL SUPPORT | $33,334 |
BARBARA BUSH FOUNDATION FOR LITERACY PURPOSE: GENERAL SUPPORT | $15,000 |