Fred Wimhurst Jr Estate Trust
- Assets
- $2.9m
- Revenue
- $279.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 00/0000
- Data as of
- 02/2024
- EIN
- 76-0331528
Organization Overview
Fred Wimhurst Jr Estate Trust is located in Galveston, TX. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education 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 02/2024, Fred Wimhurst Jr Estate Trust generated $279.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $186.7k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fred Wimhurst Jr Estate Trust has awarded 27 individual grants totaling $1,407,092. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE HOLY FAMILY CATHOLIC SCHOOL AND O'CONNELL HIGH SCHOOL FOR THE BENEFIT OF WORTHY AND FINANCIALLY UNABLE STUDENTS WHO DESIRE AN EDUCATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,012 |
| Dividends & Interest | $103,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $171,062 |
| Capital Gain Net Income | $171,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74 |
| Total Revenue | $279,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,899 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,834 |
| Contributions, gifts, grants paid | $158,828 |
| Total expenses and disbursements | $186,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,861 |
| Net Accounts receivable | $3,405 |
| 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 | $1,160 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $2,885,414 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $79,294 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,630 |
| Total liabilities | $80,924 |
Grants Awarded
Over the last fiscal year, Fred Wimhurst Jr Estate Trust has awarded $158,828 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY FAMILY CATHOLIC SCHOOL PURPOSE: STUDENT FINANCIAL AID | $79,294 |
O'CONNELL SCHOOL PURPOSE: STUDENT FINANCIAL AID | $79,294 |
ST MARY'S CATHEDRAL PURPOSE: MASS | $240 |