Ida Mae Oldham Trust
- Assets
- $41.4m
- Revenue
- $12.6m
- Investments
- $9.4m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 04/1983
- Data as of
- 04/2022
- EIN
- 75-0993500
Organization Overview
Ida Mae Oldham Trust is located in Lubbock, TX. The organization was established in 1983. 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.
For the year ending 04/2022, Ida Mae Oldham Trust generated $12.6m in total revenue. All expenses for the organization totaled $2.8m during the year ending 04/2022. While expenses have increased by 29.4% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDA MAE OLDHAM TRUST WAS ESTABLISHED IN 1963 TO SUPPORT THE SHERICK MEMORIAL HOME. THE HOME PROVIDES PHYSICAL SHELTER, SAFETY, SECURITY, AND SOCIAL DEVELPMENT FOR ELDERLY LADIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joreen Christian Co-Trustee | 25 | $216,289 | |
Alan Henry Co-Trustee | 25 | $216,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $173,492 |
| Dividends & Interest | $46,063 |
| Net Rental Income | $478,596 |
| Net Gain on Sale of Assets | $407,214 |
| Capital Gain Net Income | $340,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,460,066 |
| Total Revenue | $12,595,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $432,578 |
| Other employee salaries and wages | $748,574 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $710,499 |
| Depreciation | $113,787 |
| Occupancy | $92,218 |
| Travel, conferences, and meetings | $1,092 |
| Printing and publications | $12,586 |
| Other expenses | $700,091 |
| Total operating and administrative expenses | $2,831,512 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,831,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,998 |
| Savings and temporary cash investments | $30,409,702 |
| 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 | $120,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,613,212 |
| Net Land, buildings, and equipment | $1,366,772 |
| Other assets | $0 |
| Total assets | $41,360,071 |
| Accounts payable and accrued expenses | -$71 |
| 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 | -$71 |
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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 |