Paul J Williams Foundation
- Assets
- $2.5m
- Revenue
- $739.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 75-2610617
Organization Overview
Paul J Williams Foundation is located in Midland, TX. The organization was established in 1996. 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. Paul J Williams 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, Paul J Williams Foundation generated $739.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $687.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Paul J Williams Foundation has awarded 132 individual grants totaling $1,611,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Mccurdy President | 25 | $65,000 | |
Tommy Alan Mccurdy Vice President | 1 | $0 | |
Cami Mccurdy Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,258 |
| Dividends & Interest | $45,183 |
| Net Rental Income | $24,888 |
| Net Gain on Sale of Assets | -$20,468 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $665,309 |
| Total Revenue | $739,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,289 |
| Total operating and administrative expenses | $182,370 |
| Contributions, gifts, grants paid | $505,000 |
| Total expenses and disbursements | $687,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,275 |
| Savings and temporary cash investments | $143,145 |
| 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 | $16,770 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,471,014 |
| Accounts payable and accrued expenses | $3,806 |
| 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 | $1 |
| Total liabilities | $3,807 |
Grants Awarded
Over the last fiscal year, Paul J Williams Foundation has awarded $505,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH SKY CHILDREN'S RANCH PURPOSE: ASSISTANCE TO ABUSED, NEGLECTED AND TROUBLED CHILDREN | $20,000 |
MIDLAND BIBLE CHURCH PURPOSE: GENERAL FUNCTIONS OF THE CHURCH | $30,000 |
WEST OF THE PECOS MUSEUM PURPOSE: PROMOTING PECOS, TX AND PRESERVING WESTERN HERITAGE | $10,000 |
MIDLAND CLASSICAL ACADEMY PURPOSE: PROVIDING CLASSICAL EDUCATION BASED ON A CHRISTIAN WORLDVIEW | $30,000 |
SENIOR LINK MIDLAND PURPOSE: HELPING VULNERABLE SENIORS CONTINUE LIVING INDEPENDENTLY IN THEIR OWN HOMES | $20,000 |
FAMILY PROMISE OF MIDLAND PURPOSE: INTERFAITH HOSPITALITY AND TRANSITIONAL HOUSING FOR FAMILIES IN NEED | $20,000 |