Eecu Community Foundation
- Assets
- $350.2k
- Revenue
- $292.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-3400460
Organization Overview
Eecu Community Foundation is located in Fort Worth, TX. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Eecu Community 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, Eecu Community Foundation generated $292.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $209.0k during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SUPPORT THE EDUCATION, HEALTH AND WELLBEING OF TEXANS THROUGH SCHOLARSHIPS, FINANCIAL LITERACY, AND OTHER CHARITABLE PROGRAMS THAT ROMOTE PERSONAL INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED THREE $5,000 COLLEGE SCHOLARSHIPS IN 2023 PLUS FUNDED PREVIOUSLY AWARDED COLLEGE SCHOLARSHIPS TOTALING $3,750. THE FOUNDATION INCURRED $1,400 IN SCHOLARSHIP SOFTWARE COSTS TO PROVIDE ONLINE ACCESS TO ITS SCHOLARSHIP APPLICATION.
THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO THE FINLEY FAMILY FOR THE SEPARATION OF THEIR CONJOINED TWINS AT COOK CHILDREN'S.
THE FOUNDATION PROVIDED CHARITABLE DONATIONS TOTALING $2,000 TO THE FORT WORTH RETIRED SCHOOL EMPLOYEES ASSOCIATION, A 501(C)(3) CHARITABLE ORGANIZATION TO SUPPORT THEIR COLLEGE SCHOLARSHIP PROGRAM.
THE FOUNDATION HELD ITS SECOND CHARITABLE GOLF TOURNAMENT TO RAISE FUNDS FOR COOK CHILDREN'S NEIGHBORHOOD CLINICS. PROCEEDS OF $50,000 FROM THE TOURNAMENT WERE REMITTED TO COOK CHILDREN'S FOUNDATION. REMAINING PROCEEDS WILL BE USED TO ENHANCE THE FOUNDATION'S COLLEGE SCHOLARSHIP PROGRAM AND PROVIDE ADDITIONAL FUNDING FOR LOCAL CHARITIES. IN CONJUNCTION WITH THE TOURNAMENT, THE FOUNDATION HELD A SILENT AUCTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Nicholson Chairman | Officer | 0 | $0 |
Robert C Sanger Vice Chairman | Officer | 2 | $0 |
Robin Harris Secretary | Officer | 0 | $0 |
Brad Schone Treasurer | Officer | 0 | $0 |
Matt Kaudy Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,630 |
| Fundraising events | $256,463 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,035 |
| Noncash contributions included in lines 1a–1f | $34,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,128 |
| Total Program Service Revenue | $0 |
| Investment income | $6,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $25,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $29,404 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,400 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,189 |
| All other expenses | $0 |
| Total functional expenses | $209,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,142 |
| Savings and temporary cash investments | $294,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,086 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,068 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,209 |
| Accounts payable and accrued expenses | $105,089 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,089 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $245,120 |
| Total liabilities and net assets/fund balances | $350,209 |