Maxine Durrett Earl Charitable Foundation Inc
- Assets
- $5.1m
- Revenue
- $349.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 75-2539386
Organization Overview
Maxine Durrett Earl Charitable Foundation Inc is located in Lubbock, TX. The organization was established in 1994. 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. Maxine Durrett Earl Charitable 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, Maxine Durrett Earl Charitable Foundation Inc generated $349.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $382.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maxine Durrett Earl Charitable Foundation Inc has awarded 125 individual grants totaling $1,923,428. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED FUNDS TO 16 DIFFERENT CHARITABLE ORGANIZATIONS IN THE POST AND SOUTH PLAINS REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Haire Pres-Director | 10 | $8,100 | |
Patricia Earl Secy/treasurer - Director | 3.07 | $0 | |
Linda Puckett Director | 5.23 | $8,100 | |
Curtis Hudman Director | 3.56 | $8,100 | |
Bill Aten Director | 3.56 | $5,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,024 |
| Dividends & Interest | $72,952 |
| Net Rental Income | $173,889 |
| Net Gain on Sale of Assets | -$32,259 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,826 |
| Total Revenue | $349,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,257 |
| Depreciation | $3,868 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,202 |
| Printing and publications | $0 |
| Other expenses | $12,888 |
| Total operating and administrative expenses | $107,258 |
| Contributions, gifts, grants paid | $274,839 |
| Total expenses and disbursements | $382,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,650 |
| Net Accounts receivable | $1,700 |
| 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 | $430,269 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,889,267 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $589,724 |
| Total assets | $5,077,610 |
| 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 |
Grants Awarded
Over the last fiscal year, Maxine Durrett Earl Charitable Foundation Inc has awarded $274,839 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE CHRISTIAN UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
GARZA COUNTY TRAILBLAZERS PURPOSE: GRANT TO PROVIDE FUNDS FOR OPERATING EXPENSES. | $25,000 |
LUBBOCK CHRISTIAN UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
MCMURRY UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
HARDIN SIMMONS UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
POST ANIMAL REFUGE CENTER PURPOSE: GRANT TO PROVIDE FUNDS TO BUILD SHELTERS AND PAY OPERATING COSTS. | $10,000 |