Cutter Albert B Memorial Fd
- Assets
- $895.8k
- Revenue
- $30.0k
- Investments
- $871.6k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1939
- Data as of
- 12/2023
- EIN
- 95-6112842
Organization Overview
Cutter Albert B Memorial Fd is located in Dallas, TX. The organization was established in 1939. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cutter Albert B Memorial Fd 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, Cutter Albert B Memorial Fd generated $30.0k 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 (11.7%) each year. All expenses for the organization totaled $58.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cutter Albert B Memorial Fd has awarded 79 individual grants totaling $148,267. 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 |
|---|---|---|---|
Fran Bilderback President | 2 | $0 | |
Robert Nelson Vice President | 2 | $0 | |
Howard Born Member | 2 | $0 | |
Mary Lou Kerrick Member | 2 | $0 | |
William Ashworth Member | 2 | $0 | |
Diana Phillips Executive Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,332 |
| Capital Gain Net Income | $4,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,477 |
| Total Revenue | $30,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,557 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $512 |
| Total operating and administrative expenses | $25,252 |
| Contributions, gifts, grants paid | $33,007 |
| Total expenses and disbursements | $58,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,889 |
| Savings and temporary cash investments | $19,372 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $895,827 |
| 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, Cutter Albert B Memorial Fd has awarded $33,007 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF PERPETUAL HELP PURPOSE: UNRESTRICTED GENERAL | $1,100 |
WESLEY UMC PROJECT HOPE PURPOSE: UNRESTRICTED GENERAL | $1,100 |
INLAND EMPIRE COMMUNITY FOUNDATION PURPOSE: TEEN CHALLENGE | $1,100 |
JUNIOR LEAGUE OF RIVERSIDE PURPOSE: DIAPER BANK | $1,100 |
JACQUELINE HARRIS PURPOSE: UTILITIES | $750 |
RUSD FOUNDATION PURPOSE: GRANT FOR STUDENT NEEDS | $1,100 |