Lena Pope Foundation Inc
- Assets
- $41.6m
- Revenue
- $3.4m
- Investments
- $41.2m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 75-2662338
Organization Overview
Lena Pope Foundation Inc is located in Fort Worth, TX. The organization was established in 1996. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lena Pope 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, Lena Pope Foundation Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LENA POPE FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF LENA POPE HOME, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO LENA POPE HOME ARE USED TO SUPPORT THEIR 5 CORE PROGRAMS, AS FOLLOWS:1. CHAPEL HILL ACADEMY: 600+ STUDENT ELEMENTARY PUBLIC CHARTER SCHOOL OFFERING A STIMULATING AND CREATIVE ENVIRONMENT WHOSE VISION IS TO PREPARE THEM FOR A FUTURE THAT IS COLLEGE-BOUND.2. COUNSELING AND SUBSTANCE ABUSE TREATMENT: OFFERING HIGH QUALITY MENTAL HEALTH SERVICES, SUCH AS PLAY THERAPY; BEHAVIORAL HEALTH COUNSELING; INDIVIDUAL, FAMILY, AND MARRIAGE COUNSELING; AND PARENTING CLASSES.3. SCHOOL AND COMMUNITY BASED SERVICES: PROVIDING COUNSELING AND WRAPAROUND SERVICES IN THE HOME, SCHOOL, AND COMMUNITIES WITH A FOCUS ON JUVENILE JUSTICE ISSUES.4. EARLY LEARNING CENTER: A FAMILY-CENTERED EARLY LEARNING ENVIRONMENT FOR 6 WEEK OLD TO 5 YEAR OLDS, OFFERING A CONSCIOUS DISCIPLINE MODEL TO DEVELOP SOCIAL EMOTIONAL LEARNING.5. MARTY LEONARD COMMUNITY CHAPEL: LOCATED ON OUR CAMPUS TO PROVIDE AN UPLIFTING ENVIRONMENT THAT INSPIRES PEOPLE TO THINK THEIR HIGHEST AND BEST THOUGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Henderson President | OfficerTrustee | 1 | $0 |
Dan Feehan Vice President | OfficerTrustee | 1 | $0 |
Vern Spurlock Secretary | OfficerTrustee | 1 | $0 |
Kevin Avondet Director | Trustee | 1 | $0 |
Dan Berce Director | Trustee | 1 | $0 |
Jack Rattikin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $733,527 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,547 |
| Total Program Service Revenue | $0 |
| Investment income | $637,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $379,428 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,623,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,374,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $990,000 |
| 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 | $64,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,186 |
| Total functional expenses | $1,055,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,090 |
| Savings and temporary cash investments | $0 |
| 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 | $381,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $41,190,226 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,418 |
| Total assets | $41,603,138 |
| Accounts payable and accrued expenses | $630 |
| 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 | $185,594 |
| Total liabilities | $186,224 |
| Net assets without donor restrictions | $37,800,070 |
| Net assets with donor restrictions | $3,616,844 |
| 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 | $41,603,138 |
Grants Awarded
Over the last fiscal year, Lena Pope Foundation Inc has awarded $1,433,173 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LENA POPE HOME INC PURPOSE: PROGRAM SUPPORT | $1,360,000 |
LENA POPE HOME INC PURPOSE: CAPITAL IMPROVEMENTS - MARTY LEONARD COMMUNITY CHAPEL | $73,173 |