Stanley E Fulton Family Foundation
- Assets
- $199.8m
- Revenue
- $10.8m
- Investments
- $109.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2018
- Data as of
- 06/2023
- EIN
- 83-0768074
Organization Overview
Stanley E Fulton Family Foundation is located in Dallas, TX. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Stanley E Fulton Family 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 06/2023, Stanley E Fulton Family Foundation generated $10.8m 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 (44.8%) each year. All expenses for the organization totaled $19.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stanley E Fulton Family Foundation has awarded 98 individual grants totaling $60,924,400. 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 |
|---|---|---|---|
Michael B Fulton Director | 5 | $0 | |
Elizabeth F Jones Director | 5 | $0 | |
Glen J Hettinger Executive Director | 20 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $531 |
| Dividends & Interest | $5,500,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,322,885 |
| Capital Gain Net Income | $3,914,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,824,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,517 |
| Interest | $0 |
| Taxes | $147,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,353 |
| Printing and publications | $0 |
| Other expenses | $8,852 |
| Total operating and administrative expenses | $578,316 |
| Contributions, gifts, grants paid | $18,653,400 |
| Total expenses and disbursements | $19,231,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,946 |
| Savings and temporary cash investments | $69,455,660 |
| 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 | $74,605 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,509,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,005,735 |
| Total assets | $199,834,792 |
| Accounts payable and accrued expenses | $33,780 |
| Grants payable | $6,671,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,150,245 |
| Total liabilities | $9,855,025 |
Grants Awarded
Over the last fiscal year, Stanley E Fulton Family Foundation has awarded $21,023,400 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALL TOGETHER NEW MEXICO FUND PURPOSE: GENERAL | $500,000 |
REBOUND NEW MEXICO PURPOSE: GENERAL | $280,000 |
THE MONKEY AND THE ELEPHANT PURPOSE: GENERAL | $146,400 |
AGING OUT INSTITUTE PURPOSE: GENERAL | $516,000 |
BUCKNER INTERNATIONAL PURPOSE: GENERAL | $460,000 |
CHRISTMAS FOR OTHERS - HANCOCK UNITED METHODIST CHURCH PURPOSE: GENERAL | $10,000 |