Vernon K Willborg Charitable Trust
- Assets
- $950.8k
- Revenue
- $71.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Missouri City, TX
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 76-6158087
Organization Overview
Vernon K Willborg Charitable Trust is located in Missouri City, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Vernon K Willborg Charitable Trust 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 12/2022, Vernon K Willborg Charitable Trust generated $71.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $103.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vernon K Willborg Charitable Trust has awarded 68 individual grants totaling $265,318. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $368 |
| Dividends & Interest | $12,323 |
| Net Rental Income | $5,506 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,553 |
| Total Revenue | $71,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,273 |
| Depreciation | $3,841 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $380 |
| Total operating and administrative expenses | $53,348 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $103,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,029 |
| Savings and temporary cash investments | $507,555 |
| 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 | $61,572 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $139,682 |
| Other assets | $0 |
| Total assets | $950,838 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $19,000 |
| 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 | $19,000 |
Grants Awarded
Over the last fiscal year, Vernon K Willborg Charitable Trust has awarded $50,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MEGAN EMILIANI PURPOSE: COLLEGE TUITION | $12,000 |
KATHERINE KEELING PURPOSE: COLLEGE TUITION | $2,500 |
GEORGIA LAWSON PURPOSE: COLLEGE TUITION | $6,000 |
LUIS CIVALLERO PURPOSE: COLLEGE TUITION | $8,500 |
COOPER LAWSON PURPOSE: COLLEGE TUITION | $6,000 |
JOYCE MORENO PURPOSE: COLLEGE TUITION | $6,000 |