Ranger Title Education Fund Inc
- Assets
- $1.1m
- Revenue
- $246.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Forney, TX
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 82-2900273
Organization Overview
Ranger Title Education Fund Inc is located in Forney, TX. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ranger Title Education Fund 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 12/2022, Ranger Title Education Fund Inc generated $246.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $49.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PROVIDE EDUCATION OPPORTUNITIES TO INDIVIDUALS WITH FINANCIAL NEED AND OTHER CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FINANCIAL AID IN THE FORM OF SCHOLARSHIPS TO SEVERAL STUDENTS WHO MET THE ORGANIZATION'S CRITERIA FOR NEED AND ELIGIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Bowen President | 1 | $0 | |
Sherry Wortham Vice President | 1 | $0 | |
Terri Bowen Secretary | 1 | $0 | |
Betty Bowen Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $227,252 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,979 |
| 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 | $246,231 |
| 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 | $0 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $48,591 |
| Total expenses and disbursements | $49,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,077 |
| 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 | $1,053,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,096,564 |
| 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, Ranger Title Education Fund Inc has awarded $48,591 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CESAR BONILLA PURPOSE: EDUCATION | $13,419 |
CIARA CHAPELL PURPOSE: EDUCATION | $15,557 |
DAWSON KILLEN PURPOSE: EDUCATION | $4,136 |
CAMERON POWELL PURPOSE: EDUCATION | $3,538 |
BRITTANY LANHAM PURPOSE: EDUCATION | $4,465 |
KAYLA WARNER PURPOSE: EDUCATION | $1,410 |