The Ida S Charlton Charity Fund
- Assets
- $16.7m
- Revenue
- $1.2m
- Investments
- $15.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 04-6009559
Organization Overview
The Ida S Charlton Charity Fund is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ida S Charlton Charity 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, Ida S Charlton Charity Fund generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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.
Since 2015, Ida S Charlton Charity Fund has awarded 56 individual grants totaling $7,086,665. 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 |
|---|---|---|---|
Bank Of America Co-Ttee | 1 | $161,430 | |
Michael Garfield Co-Trustee | 1 | $21,853 | |
Stacey Charlton Co-Trustee | 1 | $21,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $505,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $670,668 |
| Capital Gain Net Income | $670,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,105 |
| Total Revenue | $1,200,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $205,136 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,294 |
| Total operating and administrative expenses | $295,273 |
| Contributions, gifts, grants paid | $970,000 |
| Total expenses and disbursements | $1,265,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $943,175 |
| 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 | $16,663,436 |
| 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, The Ida S Charlton Charity Fund has awarded $970,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF FALL RIVER PURPOSE: UNRESTRICTED GENERAL | $130,000 |
YMCA SOUTHCOAST PURPOSE: UNRESTRICTED GENERAL | $400,000 |
FALL RIVER HISTORICAL SOCIETY PURPOSE: UNRESTRICTED GENERAL | $65,000 |
STANLEY STREET TREATMENT AND RESOURCES PURPOSE: UNRESTRICTED GENERAL | $150,000 |
BRISTOL COMMUNITY COLLEGE FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $150,000 |
LAHAINA ROTARY YOUTH FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $50,000 |