L A Pires Endowment Corporation
- Assets
- $5.2m
- Revenue
- $275.1k
- Investments
- $0.0
- Employees
- 0
- Location
- McKinney, TX
- Founding
- 08/1982
- Data as of
- 12/2023
- EIN
- 75-1182342
Organization Overview
L A Pires Endowment Corporation is located in McKinney, TX. The organization was established in 1982. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. L A Pires Endowment Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, L A Pires Endowment Corporation generated $275.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $245.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L A Pires Endowment Corporation has awarded 48 individual grants totaling $1,717,200. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
POOLED INVESTMENT TRUST FOR 501(C)'S WITH REQUIRED ANNUAL DONATIONS MADE TO THE REQUIRED 501(C)'S AS SET FORTH IN THE ORGANIZATIONAL DOCUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO 501(C)'S AS REQUIRED BY THE ORGANIZATIONAL DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Cumming Trustee | Trustee | 1 | $0 |
Gene Forester Trustee | Trustee | 1 | $0 |
Donny Broughton Trustee | Trustee | 1 | $0 |
Robert Dillard Trustee | Trustee | 1 | $0 |
Royce G Smith Trustee | Trustee | 1 | $0 |
Larry Fairchild Trustee | Trustee | 1 | $0 |
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 | $193,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,178 |
| 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 | $547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,756 |
| All other expenses | $0 |
| Total functional expenses | $245,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,221 |
| Savings and temporary cash investments | $247,413 |
| 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 | $0 |
| Investments—publicly traded securities | $4,891,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,150,581 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,578,510 |
| Net assets with donor restrictions | $572,071 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,150,581 |
Grants Awarded
Over the last fiscal year, L A Pires Endowment Corporation has awarded $202,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS CHAPTER NO 47 RAM PURPOSE: Req dist to exmpt orgs bene purpose | $22,500 |
DALLAS COMMANDERY NO 6 PURPOSE: Req dist to exmpt orgs bene purpose | $22,500 |
DALLAS COUNCIL NO 18 R & SM PURPOSE: Req dist to exmpt orgs bene purpose | $22,500 |
DALLAS MASONIC LODGE 760 PURPOSE: Req dist to exmpt orgs bene purpose | $22,500 |
DALLAS SCOTTISH RITE PURPOSE: Req dist to exmpt orgs bene purpose | $90,000 |
HELLA SHRINE AAOMS PURPOSE: Req dist to exmpt orgs bene purpose | $22,500 |