Sgl Foundation
- Assets
- $719.4k
- Revenue
- $100.0k
- Investments
- $667.5k
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-3935582
Organization Overview
Sgl Foundation is located in The Woodlands, TX. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sgl 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 12/2021, Sgl Foundation generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $478.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sgl Foundation has awarded 63 individual grants totaling $2,597,838. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE FOUNDATION IS TO AWARD GRANTS TO NEEDY ORGANIZATIONS OR INVIDUALS IN MONTGOMERY AND HARRIS COUNTY TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Richard Ray II President And Treasurer | 10 | $0 | |
Carissa Syd Ray Vice President And Secreta | 5 | $0 | |
Rylie Hope Ray Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $595 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,040 |
| Total operating and administrative expenses | $13,760 |
| Contributions, gifts, grants paid | $465,000 |
| Total expenses and disbursements | $478,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,291 |
| 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 | $667,518 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,619 |
| Total assets | $719,428 |
| 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 | -$6,367 |
| Total liabilities | -$6,367 |
Grants Awarded
Over the last fiscal year, Sgl Foundation has awarded $465,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH WITH A MISSION PURPOSE: PROVIDE EVANGELICAL MINISTRIES THROUGHOUT THE WORLD. | $125,000 |
MATTHEW 10 PURPOSE: PROVIDE SUPPORT FOR WIDOWS, ORPHANS AND OTHER EVANGELICAL MINISTRIES. | $100,000 |
Houston, TX PURPOSE: PROVIDE HEALTH CARE TO THE COMMUNITY. | $100,000 |
SKY RANCH PURPOSE: PROVIDE FELLOWSHIP AND CHRISTIAN EDUCATION TO YOUTH THROUGH SUMMER CAMP EXPERIENCES. | $50,000 |
The Woodlands, TX PURPOSE: SUPPORT CHRISTIAN EDUCATION IN THE COMMUNITY | $50,000 |
MERCY HOUSE GLOBAL PURPOSE: PROVIDE FOR THE RESCUE OF PREGNANT GIRLS IN KENYA FROM TRAFFICKING AND DANGEROUS SITUATIONS AND PROVIDE A HOME FOR THEM. EMPOWER THEM WITH DIGNIFIED WORK. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |