Combined Townsend Fund
- Assets
- $20.7m
- Revenue
- $793.9k
- Investments
- $19.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1974
- Data as of
- 12/2023
- EIN
- 05-6007985
Organization Overview
Combined Townsend Fund is located in Dallas, TX. The organization was established in 1974. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Combined Townsend 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, Combined Townsend Fund generated $793.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Combined Townsend Fund has awarded 15 individual grants totaling $4,556,636. 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 | $516,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $276,842 |
| Capital Gain Net Income | $276,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $574 |
| Total Revenue | $793,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,445 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,968 |
| Total operating and administrative expenses | $200,954 |
| Contributions, gifts, grants paid | $1,024,203 |
| Total expenses and disbursements | $1,225,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $839,146 |
| 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 | $529,026 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,707,021 |
| 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, Combined Townsend Fund has awarded $1,024,203 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN & INFANTS HOSPITAL OF RI PURPOSE: UNRESTRICTED GENERAL | $341,401 |
RI HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $341,401 |
ST JOSEPH HEALTH SERVICES OF RI PURPOSE: UNRESTRICTED GENERAL | $341,401 |