Franklin Ovid Birmingham Trust 2
- Assets
- $4.0m
- Revenue
- $256.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Wylie, TX
- Founding
- 02/1988
- Data as of
- 12/2020
- EIN
- 75-6363067
Organization Overview
Franklin Ovid Birmingham Trust 2 is located in Wylie, TX. The organization was established in 1988. 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 Ovid Birmingham Trust 2 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 Ovid Birmingham Trust 2 generated $256.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $204.5k during the year ending 12/2020. 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 TO BE USED FOR THE UPKEEP AND BETTERMENT OF TEACHING ADVANCED AMERICAN HISTORY AND CHEMISTRY IN WISD,
Describe the Organization's Program Activity:
CONTRIBUTIONS ARE MADE TO WYLIE INDEPENDENT SCHOOL DISTRICT AND ARE LIMITED TO USE FOR EXCLUSIVE BENEFIT OF CLASSES IN THE AREA OF AMERICAN HISTORY AND CHEMISTRY CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Lewis Executive Direc | Officer | 10 | $31,803 |
Kc Swayze Trustee | Trustee | 0.5 | $0 |
Matthew Porter Chairman | Trustee | 0.5 | $0 |
Mary Davis Trustee | Trustee | 0.5 | $0 |
Ben Brown Treasurer | Trustee | 0.5 | $0 |
Bob Graf 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 | $128,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,237 |
| Net Gain/Loss on Asset Sales | $124,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,204 |
| 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. | $31,803 |
| Compensation of current officers, directors, key employees. | $21,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,169 |
| Payroll taxes | $2,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,239 |
| Fees for services: Other | $251 |
| Advertising and promotion | $0 |
| Office expenses | $497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,299 |
| Travel | $134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,566 |
| Insurance | $2,869 |
| All other expenses | $417 |
| Total functional expenses | $204,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,285 |
| Savings and temporary cash investments | $470,614 |
| 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 | $419,092 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,232,245 |
| Investments—publicly traded securities | $1,820,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425 |
| Total assets | $3,971,095 |
| Accounts payable and accrued expenses | $315 |
| Grants payable | $0 |
| Deferred revenue | $33,977 |
| 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 | $223,139 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $257,431 |
| 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 | $3,713,664 |
| Total liabilities and net assets/fund balances | $3,971,095 |
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