Nelda C And H J Lutcher Stark Foundation
- Assets
- $438.4m
- Revenue
- $23.9m
- Investments
- $341.6m
- Employees
- 0
- Location
- Orange, TX
- Founding
- 04/2004
- Data as of
- 12/2022
- 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 12/2022, Nelda C And H J Lutcher Stark Foundation generated $23.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $19.7m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 244 individual grants totaling $13,942,151. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
STARK MUSEUM OF ART - SEE STATEMENTS 17 & 18
W. H. STARK HOUSE - SEE STATEMENT 19
LUTCHER THEATER - SEE STATEMENT 20
SHANGRI LA BOTANICAL GARDENS AND NATURE CENTER - SEE STATEMENT 21
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Clark Chair | 3 | $15,000 | |
Al Granger Vice Chair | 2 | $15,000 | |
Dr Suzonne Crockett Director | 2 | $15,000 | |
Deborah Hughes Director | 2 | $15,000 | |
Craig Lemons Director | 2 | $0 | |
W G Riedel III Director | 2 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Honeywell Building Solutions | 12/30/22 | $1,453,807 |
Ubs Financial Services Inc | 12/30/22 | $606,956 |
Richard Bernstein Advisors | 12/30/22 | $580,033 |
Gcm Grosvenor | 12/30/22 | $404,512 |
Schaffer Cullen Capital Management | 12/30/22 | $211,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,904 |
| Interest on Savings | $7,211 |
| Dividends & Interest | $6,835,702 |
| Net Rental Income | $1,550 |
| Net Gain on Sale of Assets | $15,916,465 |
| Capital Gain Net Income | $17,524,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $878,698 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,132,811 |
| Total Revenue | $23,940,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $753,483 |
| Other employee salaries and wages | $4,669,893 |
| Pension plans, employee benefits | $2,199,310 |
| Interest | $0 |
| Taxes | $480,970 |
| Depreciation | $3,185,006 |
| Occupancy | $738,845 |
| Travel, conferences, and meetings | $68,057 |
| Printing and publications | $3,740 |
| Other expenses | $5,016,981 |
| Total operating and administrative expenses | $19,433,209 |
| Contributions, gifts, grants paid | $311,916 |
| Total expenses and disbursements | $19,745,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905 |
| Savings and temporary cash investments | $7,755,348 |
| 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 | $46,909 |
| Net Investments - land, buildings, equipment | $1,416,715 |
| Investments—mortgage loans | $0 |
| Investments—other | $94,471,132 |
| Net Land, buildings, and equipment | $44,205,987 |
| Other assets | $43,366,468 |
| Total assets | $438,431,454 |
| Accounts payable and accrued expenses | $8,311 |
| 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 | $8,311 |
Grants Awarded
Over the last fiscal year, Nelda C And H J Lutcher Stark Foundation has awarded $1,073,484 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE CITY ISD PURPOSE: TO PURCHASE CLOTHING FOR INDIGENT SCHOOL CHILDREN | $5,000 |
DEWEYVILLE ISD PURPOSE: TO PURCHASE CLOTHING FOR INDIGENT SCHOOL CHILDREN | $5,000 |
LAMAR STATE COLLEGE - ORANGE PURPOSE: TO FUND A STARK SCHOLARSHIP PROGRAM ADMINISTERED BY LSCO | $100,000 |
LITTLE CYPRESS - MAURICEVILLE CISD PURPOSE: TO PURCHASE CLOTHING FOR INDIGENT SCHOOL CHILDREN | $5,000 |
ORANGE CO COMM PARTNERS FOR CHILDREN PURPOSE: TO STOCK THE RAINBOW ROOM IN ORANGE WITH EMERGENCY FOOD, CLOTHING, AND TOYS | $5,000 |
ORANGE COMMUNITY ACTION ASSOCIATION PURPOSE: FUNDS FOR MEALS ON WHEELS PROGRAM SERVING THE ORANGE COUNTY AREA | $15,000 |