Chrest Foundation Inc
- Assets
- $40.8m
- Revenue
- $4.7m
- Investments
- $38.8m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 75-2840026
Organization Overview
Chrest Foundation Inc is located in Irving, TX. The organization was established in 2000. 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. Chrest 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 12/2021, Chrest Foundation Inc generated $4.7m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 47.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chrest Foundation Inc has awarded 59 individual grants totaling $3,809,109. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $727,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,544,463 |
| Capital Gain Net Income | $3,544,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $393,691 |
| Total Revenue | $4,666,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $66,275 |
| Pension plans, employee benefits | $8,654 |
| Interest | $0 |
| Taxes | $87,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,014 |
| Printing and publications | $0 |
| Other expenses | $55,785 |
| Total operating and administrative expenses | $544,040 |
| Contributions, gifts, grants paid | $2,013,637 |
| Total expenses and disbursements | $2,557,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,014,184 |
| Savings and temporary cash investments | $0 |
| 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 | $5,236,212 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,807,345 |
| Accounts payable and accrued expenses | $49,291 |
| Grants payable | $247,338 |
| 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 | $296,629 |
Grants Awarded
Over the last fiscal year, Chrest Foundation Inc has awarded $2,013,637 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN METHODIST UNIVERSITY PURPOSE: CONDUCT RESEARCH ON AN INTERVENTION TO REDUCE UNNECESSARY PRETRIAL DETENTION. | $125,000 |
Austin, TX PURPOSE: PROMOTE ACCOUNTABILITY AND REHABILITATION IN THE CRIMINAL JUSTICE SYSTEM. | $125,000 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: CONDUCT RESEARCH ON AN INTERVENTION TO REDUCE UNNECESSARY PRETRIAL DETENTION. | $125,000 |
Golden, CO PURPOSE: GENERAL SUPPORT TO PROTECT COLORADO'S 14,000-FOOT PEAKS THROUGH STEWARDSHIP AND PUBLIC EDUCATION. | $125,000 |
Denver, CO PURPOSE: SUPPORT TOWARDS PROTECTING AT LEAST 30% OF COLORADO'S LAND AND WATER BY 2030. | $100,000 |
Austin, TX PURPOSE: GENERAL SUPPORT TO REDIRECT ADJUDICATED YOUTH INTO COMMUNITY-BASED PROGRAMS. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |