Dfw Heavy Duty Foundation
- Assets
- $1.2m
- Revenue
- $672.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 82-4869759
Organization Overview
Dfw Heavy Duty Foundation is located in Fort Worth, TX. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Dfw Heavy Duty 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 12/2023, Dfw Heavy Duty Foundation generated $672.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $568.4k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dfw Heavy Duty Foundation has awarded 44 individual grants totaling $3,355,289. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS TO OTHER ORGANIZATIONS WHOSE MISSION ALIGNS WITH OUR MISSION. DFW FOUNDATION STRIVES TO BE GOOD STEWARDS OF OUR TIME, TALENT AND TREASURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Allen Treasurer | 1 | $0 | |
Sam Allen Director | 1 | $0 | |
Chuck Allen Secretary | 1 | $0 | |
Michie White Director | 1 | $0 | |
Lori Allen President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $666,000 |
| Interest on Savings | $1,127 |
| Dividends & Interest | $35,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,012 |
| Capital Gain Net Income | $174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $672,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $7,633 |
| Contributions, gifts, grants paid | $560,783 |
| Total expenses and disbursements | $568,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,112 |
| 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 | $45,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,023,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,229,339 |
| Accounts payable and accrued expenses | $334 |
| 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 | $334 |
Grants Awarded
Over the last fiscal year, Dfw Heavy Duty Foundation has awarded $560,783 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ORPHAN OUTREACH PURPOSE: SIMILIAR MISSION | $68,400 |
JCP MINISTRIES PURPOSE: SIMILIAR MISSION | $320,383 |
COUNSELING FOR BRAZIL MINISTRIES PURPOSE: SIMILIAR MISSION | $36,000 |
FORTRESS YDC PURPOSE: SIMILIAR MISSION | $32,000 |
ALLIES IN YOUTH DEVELOPMENT PURPOSE: SIMILIAR MISSION | $68,000 |
RENSO JOTA PURPOSE: SIMILIAR MISSION | $36,000 |