Earlane & Sam Croom Foundation
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $2.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 76-0645570
Organization Overview
Earlane & Sam Croom Foundation is located in Dallas, TX. The organization was established in 2000. 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. Earlane & Sam Croom Foundation 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 12/2023, Earlane & Sam Croom Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $529.6k during the year ending 12/2023. While expenses have increased by 20.9% per year over the past 5 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, Earlane & Sam Croom Foundation has awarded 39 individual grants totaling $1,113,000. 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 |
|---|---|---|---|
Sam G Croom Jr Trustee | 0 | $0 | |
Carolyn C Beatty Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $672,281 |
| Interest on Savings | $9,488 |
| Dividends & Interest | $117,958 |
| Net Rental Income | -$15,731 |
| Net Gain on Sale of Assets | $559,675 |
| Capital Gain Net Income | $559,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $463 |
| Total Revenue | $1,367,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,909 |
| Total operating and administrative expenses | $27,553 |
| Contributions, gifts, grants paid | $502,000 |
| Total expenses and disbursements | $529,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,281 |
| Savings and temporary cash investments | $2,647 |
| 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 | $133,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,672,944 |
| 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, Earlane & Sam Croom Foundation has awarded $502,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
1000 CHURCHES PURPOSE: GENERAL OPERATING | $500,000 |
LAMAR HIGH SCHOOL ALUMNI ASSOCIATION PURPOSE: GENERAL OPERATING | $2,000 |