Ruth Chapman & Andrew G Cowles Charitable Trust
- Assets
- $21.1m
- Revenue
- $2.5m
- Investments
- $2.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 74-6064175
Organization Overview
Ruth Chapman & Andrew G Cowles Charitable Trust is located in San Antonio, TX. The organization was established in 1969. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ruth Chapman & Andrew G Cowles 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 12/2021, Ruth Chapman & Andrew G Cowles Charitable Trust generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOR PURPOSES OF FORM 990, THE ORGANIZATION WILL REFER TO FROST BANK, THE INSTITUTIONAL TRUSTEE OF THIS CHARITABLE TRUST. FROST BANK CARRIES OUT THE INTENT AND DIRECTIONS PROVIDED IN THE GOVERNING DOCUMENT OF THE TRUST. THIS TRUST WAS CREATED UNDER THE WILL OF RUTH COWLES & WILL OF ANDREW COWLES TO BENEFIT THREE NAMED CHARITABLE ORGANIZATIONS. THE BENEFICIARIES ALL QUALIFYAS 501(C)3 ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY UNIVERSITY
MADISON SQUARE PRESBYTERIAN CHURCH
UNITED WAY OF SAN ANTONIO
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $497,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,244 |
| Net Rental Income | $575,505 |
| Net Gain/Loss on Asset Sales | $1,417,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,511,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,607,335 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,752 |
| Compensation of current officers, directors, key employees. | $89,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,040 |
| Total functional expenses | $2,795,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $875,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,288,156 |
| Investments—publicly traded securities | $18,920,981 |
| Investments—other securities | $2 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,444 |
| Total assets | $21,123,458 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,222,905 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,222,905 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,900,553 |
| Total liabilities and net assets/fund balances | $21,123,458 |
Grants Awarded
Over the last fiscal year, Ruth Chapman & Andrew G Cowles Charitable Trust has awarded $2,607,334 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: FUNDS TO THE USED FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. | $2,268,381 |
MADISON SQUARE PRESBYTERIAN CHURCH PURPOSE: FUNDS TO BE USED EXCLUSIVELY FOR RELIGIOUS, CHARTIABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. | $260,733 |
San Antonio, TX PURPOSE: FUNDS TO BE USED FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. | $78,220 |
Endowment Analysis
| Beg. Balance | $20,184,292 |
| Earnings | $2,673,606 |
| Admin Expense | $350,011 |
| Grants | $2,607,335 |
| Ending Balance | $19,900,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |