Sgl Foundation
- Assets
- $1.1m
- Revenue
- $701.2k
- Investments
- $850.2k
- Employees
- 0
- Location
- Conroe, TX
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-3935582
Organization Overview
Sgl Foundation is located in Conroe, 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 12/2022, Sgl Foundation generated $701.2k 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 (10.1%) each year. All expenses for the organization totaled $347.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sgl Foundation has awarded 72 individual grants totaling $2,878,838. 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
2022
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 | $701,217 |
| 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 | $701,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,040 |
| Total operating and administrative expenses | $66,033 |
| Contributions, gifts, grants paid | $281,000 |
| Total expenses and disbursements | $347,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,833 |
| 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 | $850,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,619 |
| Total assets | $1,079,656 |
| 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 | $8,015 |
| Total liabilities | $8,015 |
Grants Awarded
Over the last fiscal year, Sgl Foundation has awarded $281,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MATTHEW 10 PURPOSE: PROVIDE SUPPORT FOR WIDOWS, ORPHANS AND OTHER EVANGELICAL MINISTRIES. | $75,000 |
MHHS FOUNDATION PURPOSE: PROVIDE HEALTH CARE TO THE COMMUNITY. | $50,000 |
YOUTH WITH A MISSION PURPOSE: PROVIDE EVANGELICAL MINISTRIES THROUGHOUT THE WORLD. | $25,000 |
HUMBLE ISD LIVESTOCK SHOW PURPOSE: PROVIDE SUPPORT TO LOCAL SCHOOLS FARM ASSOCIATION | $4,000 |
SKY RANCH PURPOSE: PROVIDE FELLOWSHIP AND CHRISTIAN EDUCATION TO YOUTH THROUGH SUMMER CAMP EXPERIENCES. | $50,000 |
ABILENE CHRISTIAN UNIVERSITY PURPOSE: SCHOLORSHIPS | $50,000 |