Willie I Wanda & W F Martin Charitable Trust
- Assets
- $5.1m
- Revenue
- $388.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 00/0000
- Data as of
- 09/2023
- EIN
- 75-6334363
Organization Overview
Willie I Wanda & W F Martin Charitable Trust is located in Abilene, TX. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 09/2023, Willie I Wanda & W F Martin Charitable Trust generated $388.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $476.0k during the year ending 09/2023. While expenses have increased by 0.9% 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, Willie I Wanda & W F Martin Charitable Trust has awarded 43 individual grants totaling $1,523,625. 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 |
|---|---|---|---|
First Financial Trust Asset Trustee | 3 | $50,855 | |
Linda Cain Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,033 |
| Dividends & Interest | $50,967 |
| Net Rental Income | $127,452 |
| Net Gain on Sale of Assets | $17,863 |
| Capital Gain Net Income | $17,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,208 |
| Total Revenue | $388,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,855 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,949 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,291 |
| Total operating and administrative expenses | $91,995 |
| Contributions, gifts, grants paid | $384,000 |
| Total expenses and disbursements | $475,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,881 |
| 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 | $366,313 |
| Net Land, buildings, and equipment | $2,443,000 |
| Other assets | $42 |
| Total assets | $5,128,559 |
| 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, Willie I Wanda & W F Martin Charitable Trust has awarded $384,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE HERITAGE SQUARE PURPOSE: PRESERVATION AND EDUCATION | $10,000 |
ABILENE RED CROSS PURPOSE: PROMOTE BLOOD DONATIONS | $5,000 |
BIG COUNTRY CASA PURPOSE: MENTORING PROGRAM | $10,000 |
CHRISTIAN SERVICE CENTER OF ABILENE PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $7,500 |
FOOD BANK OF ABILENE PURPOSE: FEED THE HOMELESS | $1,000 |
JUNIOR ACHIEVEMENT OF ABILENE PURPOSE: EDUCATIONAL | $70,500 |