Collins-Binkley Foundation Inc
- Assets
- $3.5m
- Revenue
- $231.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 75-1740333
Organization Overview
Collins-Binkley Foundation Inc is located in Mckinney, TX. The organization was established in 1981. 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. Collins-Binkley Foundation Inc 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, Collins-Binkley Foundation Inc generated $231.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $189.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
THE FOUNDATION OPERATES A MUSEUM THAT IS DEDICATED TO THE PRESERVATION AND PUBLIC DISPLAY OF ARTIFACTS AND MEMORABILIA RELATED TO JAZZ MUSIC AND THE HISTORY THEREOF; AND TO EDUCATE VISITORS CONCERNING THAT MUSIC GENRE AND PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Collins III Pres/ Director | 30 | $49,000 | |
Catherine D Collins Museum Curator | 30 | $49,000 | |
Richard W Collins Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,176 |
| Capital Gain Net Income | $25,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$413 |
| Total Revenue | $231,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,000 |
| Other employee salaries and wages | $49,000 |
| Pension plans, employee benefits | $6,792 |
| Interest | $0 |
| Taxes | $8,552 |
| Depreciation | $18,495 |
| Occupancy | $20,558 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,750 |
| Total operating and administrative expenses | $189,229 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $189,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,820 |
| Savings and temporary cash investments | $104,811 |
| 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 | $1,350,587 |
| Net Land, buildings, and equipment | $416,147 |
| Other assets | $775,469 |
| Total assets | $3,460,807 |
| 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 | $0 |
| Total liabilities | $0 |