Snell Charitable Foundation Inc
- Assets
- $2.4m
- Revenue
- $234.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Vernon, TX
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 75-2707017
Organization Overview
Snell Charitable Foundation Inc is located in Vernon, TX. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Snell 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, Snell Charitable Foundation Inc generated $234.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $208.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Snell Charitable Foundation Inc has awarded 76 individual grants totaling $929,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS AND BEQUESTS TO OTHER 501 (C) 3 ORGANIZATIONS TO FURTHER A VARIETY OF CHARITABLE, EDUCATIONAL, CULTURAL AND SCIENTIFIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann S Bumstead Sec.-Treasurer | 5 | $0 | |
Sara Jane Wood First V. P. | 0 | $0 | |
Robert D Snell President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,681 |
| Dividends & Interest | $76,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,961 |
| Capital Gain Net Income | $153,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,117 |
| Total Revenue | $234,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,971 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,447 |
| Contributions, gifts, grants paid | $170,500 |
| Total expenses and disbursements | $208,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $708,659 |
| 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 | $67,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,383,545 |
| 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 | $1,692 |
| Total liabilities | $1,692 |
Grants Awarded
Over the last fiscal year, Snell Charitable Foundation Inc has awarded $170,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF VERNON PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $48,000 |
FAITH REFUGE - WICHITA FALLS FAITH MISSION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $7,500 |
INTERFAITH MINISTRIES INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $10,000 |
LUBBOCK ENTERTAINMENTPERFORMING ARTS ASSOCIATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $25,000 |
MIDWESTERN STATE UNIVERSITY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $2,500 |
RATHGERBER HOSPITALITY HOUSE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $6,000 |