Allsup Family Charitable Foundation
- Assets
- $41.7m
- Revenue
- $1.4m
- Investments
- $20.2m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-2894490
Organization Overview
Allsup Family Charitable Foundation is located in Fort Worth, TX. The organization was established in 2019. 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. Allsup Family 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 12/2023, Allsup Family Charitable Foundation generated $1.4m 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 (51.3%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Allsup Family Charitable Foundation has awarded 58 individual grants totaling $14,396,103. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica A Allsup MD President | 1 | $0 | |
Barbara J Allsup Vice President | 1 | $0 | |
Mark A Allsup Treasurer And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $200,920 |
| Dividends & Interest | $954,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $279,219 |
| Capital Gain Net Income | $279,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$791 |
| Total Revenue | $1,433,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,693 |
| Total operating and administrative expenses | $121,804 |
| Contributions, gifts, grants paid | $6,713,500 |
| Total expenses and disbursements | $6,835,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,483,858 |
| 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 | $5,128,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,656,061 |
| 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 | $635 |
| Total liabilities | $635 |
Grants Awarded
Over the last fiscal year, Allsup Family Charitable Foundation has awarded $6,713,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN QUARTER HORSE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,654,500 |
BIG THOUGHT PURPOSE: GENERAL SUPPORT | $300,000 |
DONORSCHOOSE PURPOSE: GENERAL SUPPORT | $100,000 |
EDUCATIONAL FIRST STEPS PURPOSE: GENERAL SUPPORT | $100,000 |
HARDIN-SIMMONS UNIVERSITY PURPOSE: GENERAL SUPPORT | $150,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL SUPPORT | $250,000 |