William E Armentrout Foundation
- Assets
- $14.8m
- Revenue
- $607.4k
- Investments
- $14.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 75-2750535
Organization Overview
William E Armentrout Foundation is located in Dallas, TX. The organization was established in 1998. 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. William E Armentrout 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, William E Armentrout Foundation generated $607.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) 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, William E Armentrout Foundation has awarded 64 individual grants totaling $6,910,475. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Ritchie Director | 1 | $5,000 | |
Lee C Ritchie Chrman & Pres | 4 | $27,500 | |
Elizabeth R Kaye Vp, Treasurer | 2 | $12,500 | |
Dennis L Lutes Sec & Directr | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49 |
| Dividends & Interest | $391,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,341 |
| Capital Gain Net Income | $215,341 |
| Net ST Capital Gain | $215,341 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $607,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,169 |
| Total operating and administrative expenses | $160,361 |
| Contributions, gifts, grants paid | $990,000 |
| Total expenses and disbursements | $1,150,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,957 |
| Savings and temporary cash investments | $126,259 |
| 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 | $14,534,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,795,077 |
| 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, William E Armentrout Foundation has awarded $990,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS SCOTTISH RITE HOSPITAL PURPOSE: PATIENT CARE, TEACHING AND RESEARCH | $99,000 |
JULIETTE FOWLER HOMES INC PURPOSE: TO PROVIDE AFFORDABLE SENIOR HOUSING IN A CHRISTIAN COMMUNITY ENVIROMENT. | $99,000 |
EAST DALLAS CHRISTIAN CHURCH PURPOSE: COMMUNITY SERVICES AND EDUCATION | $49,500 |
SALVATION ARMY PURPOSE: TO PROVIDE FOOD, CLOTHING, RENT AND UTILITY ASSISTANCE, OR SHELTER FROM THE ELEMENTS AND A WARM MEAL. | $49,500 |
CAL FARLEY'S BOYS RANCH PURPOSE: SUPPORT OPERATION OF THE RESIDENTIAL, EDUCATIONAL, AND COMMUNITY BASED SERVICES | $49,500 |
FRIENDS OF TX FRESHWATER FISHERIES PURPOSE: FRESH WATER FISHERIES, HATCHERY AND EDUCATION CENTER | $49,500 |