Albert G & Eleanore J Barsh Endowment Tr
- Assets
- $6.7m
- Revenue
- $492.7k
- Investments
- $6.4m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 81-6108076
Organization Overview
Albert G & Eleanore J Barsh Endowment Tr is located in Lubbock, TX. The organization was established in 2003. 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. Albert G & Eleanore J Barsh Endowment Tr 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, Albert G & Eleanore J Barsh Endowment Tr generated $492.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $395.8k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 8 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 2016, Albert G & Eleanore J Barsh Endowment Tr has awarded 40 individual grants totaling $2,402,881. 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 |
|---|---|---|---|
Prosperity Bank Trustee | 8 | $33,925 | |
Nancy Murchison Committee Mm | 8 | $9,946 | |
Kauli Sparks Committee Mm | 8 | $9,946 | |
Ann Finley Committee Mm | 8 | $9,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,014 |
| Capital Gain Net Income | $76,081 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $213,702 |
| Total Revenue | $492,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,763 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142 |
| Total operating and administrative expenses | $81,228 |
| Contributions, gifts, grants paid | $314,607 |
| Total expenses and disbursements | $395,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$27,973 |
| Savings and temporary cash investments | $270,595 |
| 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 | $6,442,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,685,431 |
| 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, Albert G & Eleanore J Barsh Endowment Tr has awarded $314,607 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH PURPOSE: EVERLIVING CHURCH TRUST | $31,461 |
TEXAS BOYS RANCH FOUNDATION PURPOSE: GENERAL PURPOSES | $31,461 |
MEALS ON WHEELS PURPOSE: GENERAL PURPOSES | $110,112 |
SOUTH PLAINS FOOD BANK PURPOSE: GENERAL PURPOSES | $110,112 |
UNITED WAY OF LUBBOCK INC PURPOSE: GENERAL PURPOSES | $31,461 |