M C Shook Trust
- Assets
- $1.6m
- Revenue
- $111.7k
- Investments
- $1.5m
- Employees
- 0
- Location
- San Angelo, TX
- Founding
- 10/1956
- Data as of
- 12/2022
- EIN
- 75-6022499
Organization Overview
M C Shook Trust is located in San Angelo, TX. The organization was established in 1956. 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. M C Shook Trust 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, M C Shook Trust generated $111.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $113.7k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 6 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 2017, M C Shook Trust has awarded 47 individual grants totaling $518,472. 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
ADMINISTERS GRANTS TO VARIOUS PUBLIC CHARITIES THROUGHOUT THE YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,905 |
| Capital Gain Net Income | $55,905 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,639 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,397 |
| Contributions, gifts, grants paid | $99,329 |
| Total expenses and disbursements | $113,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,251 |
| 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 | $23,100 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,582,513 |
| 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, M C Shook Trust has awarded $99,329 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST MEMOR RETIREMENT CTR PURPOSE: UNRESTRICTED | $10,000 |
BOY SCOUTS OF AMERICA PURPOSE: UNRESTRICTED | $1,500 |
FIRST BAPTIST CHURCH PURPOSE: UNRESTRICTED | $53,829 |
SALVATION ARMY PURPOSE: UNRESTRICTED | $15,000 |
WAYLAND BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $15,000 |
WEST TEXAS BOYS RANCH PURPOSE: UNRESTICTED | $1,000 |