Armstrong Family Charitable Foundation
- Assets
- $84.1k
- Revenue
- $37.3k
- Investments
- $84.1k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 01-0727254
Organization Overview
Armstrong Family Charitable Foundation is located in Dallas, TX. The organization was established in 2003. 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. Armstrong 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, Armstrong Family Charitable Foundation generated $37.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $39.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Armstrong Family Charitable Foundation has awarded 67 individual grants totaling $399,200. 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 |
|---|---|---|---|
E Taylor Armstrong Jr President, Treasurer & Dir | 2 | $0 | |
Carol Armstrong Secretary | 2 | $0 | |
Anna Armstrong Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,584 |
| Interest on Savings | $2 |
| Dividends & Interest | $6,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,595 |
| Capital Gain Net Income | $27,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $109 |
| Contributions, gifts, grants paid | $39,500 |
| Total expenses and disbursements | $39,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| 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 | $52,103 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,080 |
| 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, Armstrong Family Charitable Foundation has awarded $39,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VIRGINIA PURPOSE: ARCHITECTURE SCHOOL | $11,500 |
MAD FOR PLAID PURPOSE: SUPPORTING HPISD EDUCATION FOUNDATION | $10,000 |
UNIVERSITY OF VIRGINIA PURPOSE: SCHOOL OF EDUCATION AND HUMAN SERVICES | $5,000 |
VISION AFRICA PURPOSE: CHRISTIAN MISSION IN NIGERIA | $5,000 |
DALLAS HISTORICAL SOCIETY PURPOSE: COLLECT AND PRESERVE MATERIALS OF HISTORY | $3,000 |
PRESERVATION PARK CITITES PURPOSE: PRESERVATION PARK CITIIES LUNCHEON | $1,500 |