Lorraine And Jeannette Clift George Charitable Foundation
- Assets
- $42.9m
- Revenue
- $1.3m
- Investments
- $13.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 82-4161264
Organization Overview
Lorraine And Jeannette Clift George Charitable Foundation is located in Houston, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorraine And Jeannette Clift George 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, Lorraine And Jeannette Clift George Charitable Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (57.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Massey Trustee | 3 | $0 | |
Paul Thompson Trustee | 1 | $0 | |
Irby Bair Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,274 |
| Interest on Savings | $0 |
| Dividends & Interest | $300,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,937 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,014,348 |
| Total Revenue | $1,310,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,969 |
| Total operating and administrative expenses | $336,966 |
| Contributions, gifts, grants paid | $1,096,825 |
| Total expenses and disbursements | $1,433,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,825,077 |
| Savings and temporary cash investments | $100,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $418,775 |
| Other assets | $27,003,400 |
| Total assets | $42,878,878 |
| 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, Lorraine And Jeannette Clift George Charitable Foundation has awarded $1,096,825 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AD PLAYERS PURPOSE: TO FACILITATE CONTINUED SUPPORT OF THE ARTS IN UNDER-SERVED COMMUNITIES | $1,066,825 |
GOOD NEWS COMMUNICATIONS PURPOSE: GENERAL SUPPORT | $25,000 |
RUTH GRAHAM MINISTRIES PURPOSE: GENERAL SUPPORT | $5,000 |