Local North Texas Community Foundation Inc
- Assets
- $4.0k
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Red Oak, TX
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-0905348
Organization Overview
Local North Texas Community Foundation Inc is located in Red Oak, TX. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Local North Texas Community Foundation Inc 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 06/2022, Local North Texas Community Foundation Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Local North Texas Community Foundation Inc has awarded 15 individual grants totaling $6,230,815. 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 |
|---|---|---|---|
Mohamad Elchehimi President | 0 | $0 | |
Mohamad Soueid Vp/secretary | 0 | $0 | |
Mohamad Elchehimi Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,389,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $5,389,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28 |
| Total operating and administrative expenses | $1,127 |
| Contributions, gifts, grants paid | $5,425,720 |
| Total expenses and disbursements | $5,426,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,958 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,958 |
| Accounts payable and accrued expenses | $50 |
| 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 | $50 |
Grants Awarded
Over the last fiscal year, Local North Texas Community Foundation Inc has awarded $3,129,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DESOTO HOUSE OF PEACE AND COMMUNITY CENTER PURPOSE: CAPITAL CAMPAIGN FOR DEVELOPMENT OF A COMMUNITY CENTER | $3,119,800 |
ANNAS BAKE SALE FOUNDATION PURPOSE: CHILDHOOD CANCER AWARENESS AND RESEARCH | $1,000 |
AMERICAN CANCER SOCIETY RELAY FOR LIFE OF CENTRAL ELLIS COUNTY PURPOSE: CANCER RESEARCH | $2,000 |
ANGELS OF EVERLASTING HOPE PURPOSE: ASSISTANCE TO PERSONS BATTLING BREAST CANCER | $1,900 |
NAVARRO COLLEGE FOUNDATION BRILLIANCE SCHOLARSHIP CAMPAIGN PURPOSE: EDUCATION SCHOLARSHIPS | $5,000 |