Sid W Richardson Foundation
- Assets
- $496.3m
- Revenue
- $17.1m
- Investments
- $477.8m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 75-6015828
Organization Overview
Sid W Richardson Foundation is located in Fort Worth, TX. The organization was established in 2003. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sid W Richardson 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 12/2023, Sid W Richardson Foundation generated $17.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $32.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTERN ART MUSEUM - APPROXIMATELY 28000 PEOPLE VISITED IN 2023 AND THOUSANDS MORE ENGAGED ONLINE
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 |
|---|---|---|---|
Preston M Geren III President & CEO | 40 | $901,089 | |
Edward P Bass Chairman | 1 | $2,500 | |
Sid R Bass Vice President | 0.5 | $2,500 | |
Lee M Bass Vice President | 0.5 | $2,500 | |
Dee Steer Secretary | 0.5 | $0 | |
Carolyn Johns Senior Admin Officer | 35 | $127,498 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luther King Capital Management | 12/30/23 | $944,966 |
Jp Morgan Chase Bank | 12/30/23 | $103,325 |
Anamaria Suescun-fast Talkstrategy | 12/30/23 | $89,311 |
William H Koehler | 12/30/23 | $81,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,940,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$133,134 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,286,040 |
| Total Revenue | $17,094,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $814,456 |
| Other employee salaries and wages | $1,061,885 |
| Pension plans, employee benefits | $403,133 |
| Interest | $0 |
| Taxes | $1,108,603 |
| Depreciation | $298,665 |
| Occupancy | $400,276 |
| Travel, conferences, and meetings | $20,589 |
| Printing and publications | $1,120 |
| Other expenses | $682,936 |
| Total operating and administrative expenses | $6,155,673 |
| Contributions, gifts, grants paid | $26,715,952 |
| Total expenses and disbursements | $32,871,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,202 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,246,239 |
| 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 | $662 |
| Prepaid expenses and deferred charges | $117,855 |
| Net Investments - land, buildings, equipment | $1,660,351 |
| Investments—mortgage loans | $0 |
| Investments—other | $54,982,714 |
| Net Land, buildings, and equipment | $3,793,231 |
| Other assets | $10,759,443 |
| Total assets | $496,333,078 |
| Accounts payable and accrued expenses | $741,189 |
| Grants payable | $5,455,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,274,849 |
| Total liabilities | $9,471,038 |