Clarence H Martin Trust Memorial Fund
- Assets
- $3.2m
- Revenue
- $90.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 02-6005022
Organization Overview
Clarence H Martin Trust Memorial Fund is located in Dallas, TX. The organization was established in 1993. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarence H Martin Trust Memorial Fund 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, Clarence H Martin Trust Memorial Fund generated $90.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $197.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clarence H Martin Trust Memorial Fund has awarded 14 individual grants totaling $915,648. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,454 |
| Total Revenue | $90,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,073 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,336 |
| Total operating and administrative expenses | $44,199 |
| Contributions, gifts, grants paid | $153,403 |
| Total expenses and disbursements | $197,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,190 |
| 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 | $3,203,280 |
| 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, Clarence H Martin Trust Memorial Fund has awarded $153,403 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY REGIONAL HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $102,274 |
MT ASCUTNEY HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $51,129 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clarence H Martin Trust Memorial Fund Dallas, TX | $3,203,280 | $90,232 |
Darius Miller Trust Fbo Dallas, TX | $1,309,016 | $31,725 |
Hattie E Obrion Trust Dallas, TX | $0 | $771 |
Carrie G Danforth Trust 45539 Dallas, TX | $567,973 | $20,624 |
The@bob Hughes Fund Dallas, TX | $379,794 | $12,949 |
B Crocker Charitable Tr Ua 1342690010 Dallas, TX | $225,249 | $5,689 |
Mercy J Cone Trust Fbo Terryville Congregation Church Etal Dallas, TX | $186,626 | $7,572 |