Franklin Owid Birmingham Trust 1
- Assets
- $17.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Wylie, TX
- Founding
- 12/1987
- Data as of
- 12/2020
- EIN
- 75-6363066
Organization Overview
Franklin Owid Birmingham Trust 1 is located in Wylie, TX. The organization was established in 1987. 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. Franklin Owid Birmingham Trust 1 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 12/2020, Franklin Owid Birmingham Trust 1 generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $897.8k during the year ending 12/2020. While expenses have increased by 5.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MAKE CONTRIBUTIONS TO WISD LIMITED TO USE FOR EXCLUSIVE BENEFIT OF CLASSES IN THE AREA OF MANUAL TRAINING AND DOMESTIC ECONOMY.
Describe the Organization's Program Activity:
CONTRIBUTIONS TO WYLIE ISD LIMITED TO USE FOR EXCLUSIVE BENEFIT OF CLASSES IN THE AREA OF MANUAL TRAINING AND DOMESTIC ECOMONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Lewis Executive Direc | Officer | 30 | $139,641 |
Matthew Porter Chairman | Trustee | 0.5 | $0 |
Betty Lutz Trustee | Trustee | 0.5 | $0 |
Mary Davis Trustee | Trustee | 0.5 | $0 |
Bob Graf Trustee | Trustee | 0.5 | $0 |
Ben Brown Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $564,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,212 |
| Net Gain/Loss on Asset Sales | $547,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $527,796 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,641 |
| Compensation of current officers, directors, key employees. | $93,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,131 |
| Payroll taxes | $8,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,258 |
| Fees for services: Other | $1,102 |
| Advertising and promotion | $0 |
| Office expenses | $2,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,269 |
| Travel | $588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,878 |
| Insurance | $12,598 |
| All other expenses | $1,827 |
| Total functional expenses | $897,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,198 |
| Savings and temporary cash investments | $2,066,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,840,164 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,410,586 |
| Investments—publicly traded securities | $7,993,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,866 |
| Total assets | $17,436,432 |
| Accounts payable and accrued expenses | $1,385 |
| Grants payable | $0 |
| Deferred revenue | $149,188 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $979,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $1,130,343 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,306,089 |
| Total liabilities and net assets/fund balances | $17,436,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |