Charles C Matthews Foundation
- Assets
- $13.9m
- Revenue
- $705.3k
- Investments
- $11.6m
- Employees
- 0
- Location
- Carthage, TX
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 75-2741045
Organization Overview
Charles C Matthews Foundation is located in Carthage, TX. The organization was established in 1999. 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. Charles C Matthews 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, Charles C Matthews Foundation generated $705.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles C Matthews Foundation has awarded 213 individual grants totaling $6,060,525. 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 |
|---|---|---|---|
Robert M Underwood Trustee | 8 | $61,000 | |
Richard Ballenger Trustee | 6 | $61,000 | |
Jimmy D Payne Trustee | 2.5 | $61,000 | |
David Bush Trustee | 6 | $61,000 | |
Vermoyn D Reeder Trustee | 2.5 | $61,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $245 |
| Dividends & Interest | $182,926 |
| Net Rental Income | $4,370 |
| Net Gain on Sale of Assets | $4,764 |
| Capital Gain Net Income | $4,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $510,378 |
| Total Revenue | $705,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $305,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,073 |
| Depreciation | $13,709 |
| Occupancy | $2,096 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,479 |
| Total operating and administrative expenses | $406,252 |
| Contributions, gifts, grants paid | $789,432 |
| Total expenses and disbursements | $1,195,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $264,112 |
| 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 | $17,783 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,333,488 |
| Net Land, buildings, and equipment | $1,838,800 |
| Other assets | $180,489 |
| Total assets | $13,918,510 |
| 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, Charles C Matthews Foundation has awarded $789,432 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BECKVILLE ISD FOUNDATION PURPOSE: DONATION | $30,000 |
CARTHAGE ISD ATHLETIC DEPT PURPOSE: DONATION | $28,500 |
CARTHAGE ISD FOUNDATION PURPOSE: SCHOLARSHIPS | $100,000 |
CITY OF CARTHAGE PURPOSE: FIRE DEPT FACE MASKS | $5,900 |
FIRST UNITED METHODIST CHURCH PURPOSE: DONATION - BUILDING FUND | $5,000 |
GARY INDEPENDENT SCHOOL DISTRICT PURPOSE: SCHOLARSHIPS | $15,000 |