Ershel Franklin Charitable Trust
- Assets
- $9.9m
- Revenue
- $122.3k
- Investments
- $9.3m
- Employees
- 0
- Location
- Post, TX
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 75-6305761
Organization Overview
Ershel Franklin Charitable Trust is located in Post, TX. The organization was established in 1986. 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. Ershel Franklin Charitable 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, Ershel Franklin Charitable Trust generated $122.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $591.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ershel Franklin Charitable Trust has awarded 322 individual grants totaling $5,089,650. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$292,237 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,860 |
| Total Revenue | $122,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,716 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158,000 |
| Total operating and administrative expenses | $184,416 |
| Contributions, gifts, grants paid | $406,750 |
| Total expenses and disbursements | $591,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,075 |
| Savings and temporary cash investments | $618,448 |
| 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 | -$560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,800 |
| Total assets | $9,920,264 |
| 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, Ershel Franklin Charitable Trust has awarded $406,750 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALCOHOLIC RECOVERY CENTER PURPOSE: DISCRETIONARY USE | $5,000 |
BUCKNER FOUNDATION PURPOSE: FAMILY PATHWAYS PROJECT $20,000; FAMILY HOPE CENTER $20,000 | $40,000 |
COMMUNITY HEALTH CENTER PURPOSE: COVID 19 OPERATIONAL $25,0000; COVID 19 SPONSOR $1,000 | $25,000 |
COVENANT HEALTH FOUNDATION PURPOSE: HOSPICE OF LUBBOCK PROGRAMS | $1,500 |
GARZA COUNTY PURPOSE: 4-H YOUTH PROGRAM $250 | $8,000 |
GARZA COUNTY JUNIOR LIVESTOCK ASSOC PURPOSE: SCHOLARSHIPS | $2,000 |