Park Loop Charitable Foundation
- Assets
- $7.7m
- Revenue
- $150.6k
- Investments
- $7.7m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-3589574
Organization Overview
Park Loop Charitable Foundation is located in Fort Worth, TX. The organization was established in 2019. 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. Park Loop Charitable 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 12/2022, Park Loop Charitable Foundation generated $150.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $538.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Park Loop Charitable Foundation has awarded 18 individual grants totaling $1,493,404. 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 |
|---|---|---|---|
Timothy R Bass Chairman Of The Board And | 0 | $0 | |
Bryan Barrett Chief Financial Officer | 0 | $0 | |
Jay Hebert Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,312 |
| Interest on Savings | $0 |
| Dividends & Interest | $157,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,993 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,013 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,443 |
| Total operating and administrative expenses | $38,198 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $538,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $11,608 |
| 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 | $3,338 |
| Total assets | $7,742,499 |
| 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 | $221 |
| Total liabilities | $221 |
Grants Awarded
Over the last fiscal year, Park Loop Charitable Foundation has awarded $500,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR OXFORD INC PURPOSE: CAPITAL COMMITMENT | $35,000 |
COLLEGE OF THE ATLANTIC PURPOSE: CAPITAL COMMITMENT | $25,000 |
GEORGETOWN UNIVERSITY LAW CENTER PURPOSE: CAPITAL COMMITMENT | $245,000 |
SAINT PATRICK'S EPISCOPAL DAY SCHOOL PURPOSE: CAPITAL COMMITMENT | $35,000 |
THE LIFELIGHT FOUNDATION PURPOSE: CAPITAL COMMITMENT | $10,000 |
STANFORD UNIVERSITY PURPOSE: CAPITAL COMMITMENT | $30,000 |