Somerville Health Foundation Inc
- Assets
- $556.5k
- Revenue
- $19.8k
- Investments
- $547.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1998
- Data as of
- 06/2024
- EIN
- 04-3382001
Organization Overview
Somerville Health Foundation Inc is located in Dallas, TX. The organization was established in 1998. 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. Somerville Health Foundation Inc 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 06/2024, Somerville Health Foundation Inc generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $33.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Somerville Health Foundation Inc has awarded 19 individual grants totaling $110,696. 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 |
|---|---|---|---|
Gerald Mccue President /chair. | 1 | $0 | |
Kathleen Mcgilvray Trustee | 1 | $0 | |
Bank Of America Agent For Trustee, Invest Mgt | 1 | $7,257 | |
Robina Bhasin Trustee/clerk | 1 | $0 | |
Doug Kress Trustee/director | 1 | $0 | |
Rob Buchanan Trustee/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,282 |
| Capital Gain Net Income | $3,282 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $577 |
| Total Revenue | $19,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,257 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $8,708 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $33,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,443 |
| 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 | $556,474 |
| 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, Somerville Health Foundation Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOMERVILLE HOMELESS COALITION PURPOSE: UNRESTRICTED GENERAL | $20,000 |
CENTER FOR THE ARTS AT THE ARMORY PURPOSE: UNRESTRICTED GENERAL | $5,000 |