Kirk Edwards Foundation
- Assets
- $2.3m
- Revenue
- $104.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Granbury, TX
- Founding
- 01/1967
- Data as of
- 10/2023
- EIN
- 75-6054922
Organization Overview
Kirk Edwards Foundation is located in Granbury, TX. The organization was established in 1967. 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. Kirk Edwards 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 10/2023, Kirk Edwards Foundation generated $104.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $54.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kirk Edwards Foundation has awarded 26 individual grants totaling $469,400. 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 |
|---|---|---|---|
Carolyn S Taegel President | 2 | $12,000 | |
Elizabeth Young Secretary | 1 | $4,200 | |
David J Walch Treasurer | 5 | $9,440 | |
Henry Medaris Trustee | 1 | $0 | |
Wilson Scaling Trustee | 1 | $0 | |
Edwin Taegel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,659 |
| Capital Gain Net Income | $34,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $236 |
| Total Revenue | $104,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,071 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $54,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,117 |
| 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 | $3,656 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,270 |
| Total assets | $2,303,149 |
| 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, Kirk Edwards Foundation has awarded $145,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EDWARDS PUBLIC LIBRARY FDN PURPOSE: UNRESTRICTED | $20,000 |
CLAY COUNTY FOOD PANTRY PURPOSE: UNRESTRICTED | $23,500 |
MIDWESTERN STATE UNIVERSITY PURPOSE: RESTRICTED FOR CLAY COUNTY TX SCHOLARSHIPS | $30,000 |
NORTH TEXAS REHAB CENTER PURPOSE: UNRESTRICTED | $50,000 |
SILENT FRIENDS CHAPEL PURPOSE: UNRESTRICTED | $17,500 |
STAR OF HOPE PURPOSE: UNRESTRICTED | $4,000 |