Ch Foundation
- Assets
- $175.8m
- Revenue
- $8.3m
- Investments
- $145.4m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/1979
- Data as of
- 12/2023
- EIN
- 75-1534816
Organization Overview
Ch Foundation is located in Lubbock, TX. The organization was established in 1979. 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. Ch 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 12/2023, Ch Foundation generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $12.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ch Foundation has awarded 970 individual grants totaling $117,064,895. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - THE FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Sanford Trustee | 0 | $0 | |
Kevin G Mcmahon President/tr | 0 | $2,000 | |
Mark Griffin Trustee | 0 | $2,000 | |
Suzanne Blake Trustee | 0 | $1,500 | |
Sandy Ogletree Exective Dir | 0 | $165,000 | |
Cheryl Sanford Cfo/treasure | 0 | $96,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $590,963 |
| Dividends & Interest | $3,227,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$560,291 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,025,602 |
| Total Revenue | $8,283,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $369,600 |
| Other employee salaries and wages | $1,500 |
| Pension plans, employee benefits | $58,836 |
| Interest | $516,890 |
| Taxes | $811,017 |
| Depreciation | $726,555 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,412 |
| Printing and publications | $0 |
| Other expenses | $330,282 |
| Total operating and administrative expenses | $4,562,198 |
| Contributions, gifts, grants paid | $8,106,083 |
| Total expenses and disbursements | $12,668,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,381 |
| Savings and temporary cash investments | $0 |
| 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 | $665,530 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $626,048 |
| Other assets | $28,320,658 |
| Total assets | $175,766,355 |
| 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 | $28,090,671 |
| Total liabilities | $28,090,671 |
Grants Awarded
Over the last fiscal year, Ch Foundation has awarded $8,106,083 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
BALLET LUBBOCK PURPOSE: ARTS AND CULTURE | $45,000 |
BALLET LUBBOCK PURPOSE: ARTS AND CULTURE | $25,000 |
BALLET LUBBOCK PURPOSE: ARTS AND CULTURE | $20,000 |
CHARLES ADAMS STUDIO PROJECT PURPOSE: ARTS AND CULTURE | $20,000 |
EAST LUBBOCK ART HOUSE PURPOSE: ARTS AND CULTURE | $16,050 |
LEVELLAND WALLACE THEATER PURPOSE: ARTS AND CULTURE | $416,666 |