Nelda C And H J Lutcher Stark Foundation
- Assets
- $0.0
- Revenue
- $13.1m
- Investments
- $311.8m
- Employees
- 0
- Location
- Orange, TX
- Founding
- 04/2004
- Data as of
- 12/2020
- EIN
- 74-6047440
Organization Overview
Nelda C And H J Lutcher Stark Foundation is located in Orange, TX. The organization was established in 2004. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Nelda C And H J Lutcher Stark 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 12/2020, Nelda C And H J Lutcher Stark Foundation generated $13.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nelda C And H J Lutcher Stark Foundation has awarded 214 individual grants totaling $12,868,667. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARK MUSEUM OF ART - SEE STATEMENTS 19 & 20
W. H. STARK HOUSE - SEE STATEMENT 21
LUTCHER THEATER - SEE STATEMENT 22
SHANGRI LA BOTANICAL GARDENS AND NATURE CENTER - SEE STATEMENT 23
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde V Mckee III President & CEO | 40 | $319,764 | |
Jennifer L Staton Vp/cfo/tres | 40 | $273,610 | |
Jennifer Barroeta Hr Manager | 40 | $162,382 | |
Franklin Harris Chief Property Offic | 40 | $132,827 | |
Katrina Nelson-Thomas Arts/history Directo | 40 | $130,300 | |
Michael Brister It Manager | 40 | $119,564 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Honeywell Building Solutions | 12/30/21 | $1,314,623 |
Ubs Financial Services Inc | 12/30/21 | $738,255 |
Richard Bernstein Advisors | 12/30/21 | $626,600 |
Gcm Grosvenor | 12/30/21 | $434,777 |
Schaffer Cullen Capital Management | 12/30/21 | $204,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,610 |
| Interest on Savings | $1,272 |
| Dividends & Interest | $6,194,164 |
| Profit on Inventory Sales | -$3,550 |
| Other Income | $1,276,048 |
| Total Revenue | $13,068,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $743,081 |
| Pension plans, employee benefits | $2,105,015 |
| Depreciation | $3,167,045 |
| Occupancy | $459,864 |
| Travel, conferences, and meetings | $39,582 |
| Printing and publications | $7,112 |
| Total operating and administrative expenses | $16,718,770 |
| Contributions, gifts, grants paid | $851,384 |
| Total expenses and disbursements | $17,570,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555 |
| Investments—mortgage loans | $0 |
| Investments—other | $92,264,193 |
| Other assets | $43,458,623 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nelda C And H J Lutcher Stark Foundation has awarded $1,527,476 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
LAMAR STATE COLLEGE - ORANGE PURPOSE: SCHOLARSHIPS ADMINISTERED BY LSCO | $700,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: FUNDING FOR THE STARK CENTER FOR PHYSICAL SPORTS AND CULTURE ON THE UT CAMPUS | $300,000 |
SCHOLARSHIP AWARDS PURPOSE: SCHOLARSHIPS | $144,483 |
LAMAR STATE COLLEGE - ORANGE PURPOSE: TO FUND A STARK SCHOLARSHIP PROGRAM ADMINISTERED BY LAMAR STATE COLLEGE - ORANGE | $100,000 |
TRIANGLE AREA NETWORK PURPOSE: TO FUND RELOCATION AND BUILDING EXPENSES | $75,000 |
TRIANGLE AREA NETWORK PURPOSE: MATCHING FUNDS FOR MENTAL HEALTH SERVICES | $37,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |