Betts Foundation

Organization Overview

Betts Foundation is located in Marlin, TX. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Betts 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, Betts Foundation generated $351.0 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 (7.9%) each year. All expenses for the organization totaled $8.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (58.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED 2 SCHOLARSHIPS TO HIGHSCHOOL STUDENTS GOING TO COLLEGE.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $0
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 $351
Total Revenue $351

Grants Awarded

Over the last fiscal year, Betts Foundation has awarded $1,000 in support to 2 organizations.

Grant RecipientAmount

ALEXAVIA WRIGHT

PURPOSE: PURSUE EDUCATION

$500

SHANIA FORD

PURPOSE: PURSUE EDUCATION

$500
View Grant Profile

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