Lamar Bruni Vergara Trust
- Assets
- $68.2m
- Revenue
- $3.0m
- Investments
- $26.2m
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 74-6374699
Organization Overview
Lamar Bruni Vergara Trust is located in Laredo, TX. The organization was established in 1990. 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. Lamar Bruni Vergara 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, Lamar Bruni Vergara Trust generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lamar Bruni Vergara Trust has awarded 233 individual grants totaling $28,457,218. 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 |
|---|---|---|---|
Jc Martin III Trustee | 25 | $313,313 | |
Name Not Listed Trustee | 25 | $313,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $771,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,180,302 |
| Total Revenue | $2,952,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $626,626 |
| Other employee salaries and wages | $30,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83,404 |
| Total operating and administrative expenses | $921,210 |
| Contributions, gifts, grants paid | $3,628,040 |
| Total expenses and disbursements | $4,549,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,686,051 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,322,969 |
| Total assets | $68,184,091 |
| 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 | $951 |
| Total liabilities | $951 |
Grants Awarded
Over the last fiscal year, Lamar Bruni Vergara Trust has awarded $3,628,040 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
LAREDO COLLEGE PURPOSE: EDUCATIONAL | $500,000 |
BOYS & GIRLS CLUB OF LAREDO PURPOSE: CHARITABLE | $100,000 |
DAPHNE ART FOUNDATION PURPOSE: CHARITABLE | $10,000 |
LITERACY VOLUNTEERS OF LAREDO PURPOSE: EDUCATIONAL | $20,000 |
NEW HARVEST CHRISTIAN ACADEMY PURPOSE: EDUCATIONAL | $14,500 |
DIOCESE OF LAREDO PURPOSE: RELIGOUS | $290,000 |